Legal & General has produced a pensions podcast to be broadcast as part of its continued drive to encourage their customers to consider contracting back into the state second pension.The firm is writing to its clients for the third successive year to ask them to consider their options and will guide them to the podcast as part of this. The new podcast, available on the L&G website, is an overview of the pros and cons of contracting out delivered by pensions strategy director Adrian Boulding. He highlights the fact that many people will get a higher pension if they contract back into S2P. But L&G says remaining contracted out can enable people to take tax-free cash before they reach state pension age, while those who choose to contract in do not have this access. Boulding says: “Last year we specifically asked our pension customers if they wished to remain contrac-ted out or if they wanted to contract back into the state second pension. Interestingly, the response was clearly in favour of our customers choosing to remain contracted out – 54 per cent opted to remain contracted out and 46 per cent opted to contract back into the state second pension. “The important point is that we are giving our customers a choice as to whether they wish to be contrac-ted in or out of the state second pension.”
The Tory’s independent tax commission published its well leaked proposals to reform the tax system and slash the overall burden of taxes by £21bn.
Alliance & Leicester plans to launch instant offers next year in a bid to ramp up its service to brokers. The firm says automated valuation models, which facilitate point of sale offers, are a key part of its future strategy. A&L will follow GMAC, Edeus and ING Direct as lenders offering Posos while BM Solutions […]
Speculation, speculation, speculation are the three words driving the life industry at present.
Bless Newton and their efforts. With what can only be described as marketing genius, the fund manager sent out polystyrene model aeroplanes boasting “Income funds with less drag” across the body. The irony comes, of course, when the plane is launched into flight – or rather, a sudden drop, as the plane possesses absolutely no […]
Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
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