View more on these topics

Ministers set out on pension roadshows

Work and Pensions Secretary Andrew Smith and pensions minister Ian McCartney will be travelling the country as part of the biggest consultation on pensions.

The Department of Work and Pensions will be canvassing people about their views on the Pensions Green Paper in a series of roadshow events running until March 28.

The roadshows are being co-hosted by CIS and Help the Aged. They began last week with an event at Templeton College, Oxford, attended by Smith. The college will host two more events, after which it will publish an independent report.

Smith says while he is keen to get the views of the pension industry, unions and employers, he wants to hear from academics and the public on the best choices for future strategy.

Events will be run in locations across England, Northern Ireland, Wales and Scotland. An online forum will be set up to give people the opportunity to question ministers live on the internet.

The meetings will cover key themes of the Green Paper, including the role of the employer, extending working lives, pension provision for the self-employed, member protection simplification and regulatory reform, a new regulatory approach and promoting saving.

There will also be technical events to look at issues such as a replacement for the minimum funding requirement, contracting out, trustees and vesting.

McCartney says: “I am really looking forward to getting out and about and debating these issues with people from all walks of life. It is time for members of the public to have a say on the future.”


Key facts will feature generic illustrations

Generic illustrations will replace personalised illustrations in the FSA&#39s forthcoming key facts point of sales documentation except for pen- sions which must still provide an example of what each individual can expect to get back. A draft consultation paper seen by Money Marketing shows the FSA wants to introduce a streamlined and standardised approach to […]

IFAP urges public to seek advice as report shows one-third have no savings

IFA Promotion is urging consumers to book a financial healthcheck with an IFA after its research revealed that a third have no savings. The report – Get Saving! – shows a chasm between the rich and poor in the UK, with vast inequality in the ownership of £2.7trn in personal assets. IFAP says 10 per […]

First buy as Berkeley Berry Birch seeks small IFA firms

IFA group Berkeley Berry Birch has bought former DBS member firm Professional Financial Solutions for £1,528,875 in cash and shares. It says the acquisition is the first in a series of small IFA purchases as part of its latest expansion strategy. PFS has a turnover of £1.5m and has offices in Huddersfield and Camberley. The […]

Falcon wins a PI waiver from FSA for a year

The FSA has granted Bristol-based IFA the Falcon Group a year&#39s waiver from its requirements to obtain professional indemnity insurance in a move that could pave the way for other IFAs. More than 20 IFA firms are applying for waivers through Proact Legal solicitor Gareth Fatchett, who believes this case will set a precedent. The […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm