Legal & General is offering IFAs a booklet explaining the full range of
pension options in the wake of the launch of stakeholder schemes.
L&G says the booklet will help IFAs explain the full pension picture to
clients rather than just focusing on stakeholder.
The booklet covers the key issues on pensions, including what consumers
should do if they do not have a pension and the tax implications.
It alerts people to the need for a decent pension in light of the increase
in life expectancy to age 75 for a man and 80 for a woman compared with 49
for men and 45 for women in 1901.
It warns people not to rely on the state to look after them but to
calculate how much pension they will need and look into joining employers'
Graphs are used to illustrate pension options for the unemployed,
employed, self-emp-loyed and company directors, including basic state
pensions, Serps, stakeholder, company pensions and executive pensions and
how people can imp-rove their current pension.
The booklet explains the stakeholder rules, qualifying for a scheme and
It also touches on the impact of divorce on pensions, who is entitled to
what and new legislation which gives courts power to split pension
Pensions marketing director Andy Agar says: “Our pension guide is an easy
to read reference guide that is both practical and factual. It has been
designed specifically to help IFAs make the topic of pensions as
interesting and understandable as possible for their clients.”