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IMA calls for more guidance and advice around personal accounts

The Investment Management Association says there needs to be a greater focus on providing advice and guidance for personal accounts.

In response to a Personal Accounts Delivery Authority consultation paper, the IMA says issues around choice and consumer behaviour need to be addressed.

The IMA says it accepts Pada has to operate within existing legislation in the context of a market characterised by comparatively small DC pensions pots in the early years.

But it believes a more flexible regulatory regime, with more choice for retirement income in the longer term, is needed in the longer term.

IMA chief executive Richard Saunders says: “As DC pension saving becomes mainstream, the decision about how to maintain income in retirement will be of increasing importance. The current annuitisation requirements in the United kingdom are too inflexible to meet everyone’s needs and will inevitably have to be reviewed in due course.”


Nauphal heads Swip

Insight Investment managing director Abdallah Nauphal has been appointed to head the Scottish Widows Investment Partnership business alongside his current role.

US equity income: the standout market

By James Hackman, head of US Equities at Neptune With a growing dividend market, very low payout ratios and high dividend cover, the US is one of the standout equity income markets globally. It is also one of the most unloved. James Hackman, manager of the top-performing Neptune US Income Fund, highlights six key facts […]


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