View more on these topics

MM leader: Eagle wings it

Last week’s Money Marketing interview with pensions minister Angela Eagle was typical of a Government blaming everyone else for the trouble they are in. Eagle blamed IFAs for the general public’s reluctance to save into a pension and attacked the industry for ignoring low to middle earners.

We suggest the minster looks closer to home. The regulatory regime introduced by New Labour has made it unaffordable to service lower earners. Eagle also failed to mention the stakeholder disaster or the fact this Government has failed over the last 12 years to put together any kind of coherent strategy to improve savings rates. In fact, its botched meddling with the pension system is the main reason people have been turned off saving.

Recommended

Strategic withdrawal

The value of quality advice comes to the fore when surrendering all or part of a single-premium bond.

Trenner slams Saga over L&G link-up

Intelligent Pensions technical director David Trenner has hit out at Saga Personal Finance’s link-up with Legal & General to provide annuities direct to customers. He says Saga fails to mention that L&G does not offer the best rate for most clients.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment