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Income Reform Group backs Tory annuity Bill

The Retirement Income Reform Group has strongly endorsed Conservative MP Edward Garnier&#39s Private Member&#39s Bill aimed at reforming the current annuity regime.

The Bill, to be tabled in Parliament today, is calling for relaxation of the obligation to purchase an annuity by the age of 75. It follows on from similar legislation brought forward by Tory MP David Curry in the last Parliament, which was defeated.

The Group, led by former regulator and MP Dr. Oonagh McDonald, says it hopes the Bill will prove to be the focus of real debate on the future of pensions regulation in the UK.

McDonald says: “Edward Garnier&#39s bill is both welcome and timely as the Government prepares to launch its little-anticipated green paper on pensions reform. We hope the bill, unlike the green paper, will prove to be the discussion point for real pensions reform in Britain.


Resurgent Aberdeen still divides analysts and IFAs

Despite a strong revival from Aberdeen Asset Management, analysts and IFAs are at odds over the future of the group.The group share price has rallied a startling 63 per cent to 71p at the time of going to press from the October low of 26.5p on the back of rumours that it is on the […]

Independent view

Here we are just weeks away from the end of 2002 so I am reflecting on what business has been like and where we are going to next year.It has been a difficult time for the industry following last year&#39s market and September 11, and ongoing concerns that a war is looming. I have talked […]

Keydata goes for extra income

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5 into 1 does go with Fidelity Isa

FIDELITY 5 IN 1 INVESTMENT TRUST ISA Type: Mini or maxi investment trust Isa Aim: Growth by investing in Fidelity Asian values, Japanese values, European values, special values and Edinburgh investment trusts Minimum investment: Lump sum £1,000, monthly £100 Maximum investment: £7,000 Catmarked: No Charges: Initial 3.25%, annual 0.84% Commission: Initial 3% Tel: 0800 414181 […]

Nobody expects the Spanish Inquisition

Paul Fidell, Head of Business Development (Investments), writes about one of the primary challenges for those involved in estate planning. He looks at dealing with investment uncertainty in these low growth, low inflation but still volatile investment conditions. Protection of capital, to leave something for beneficiaries, is a fundamental objective of many people’s plans for […]


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