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Momentum – missed opportunity for workplace advice

Corporate IFA Momentum has warned that despite simplification recommended by the Sandler Review team it is employers that hold the key to increased levels of saving. It says that Sandler has missed an opportunity to help close the savings gap by not considering workplace advice. Momentum financial services development director David James says: “Providing such products in itself will not address the critical issue of motivating the consumer to invest. We believe that only by providing access to expert financial advice will the consumer feel confident to buy.”

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ABN and Framlington come to agreement

Star managers George Luckraft and Nigel Thomas will start work for Framlington in September after coming to an out of court agreement with former employer ABN Amro.The settlement comes just days before a court hearing, which was scheduled for July 15 after ABN took action following the decision by the managers to join Framlington around […]

Hargreaves says Pickering may expose pensioners to perils of inflation

Hargreaves Lansdown says Pickering&#39s proposals to remove LPI requirements for occupational pensions will re-introduce the “peril” of inflation for pensioners.Hargreaves says the move would reduce the cost of final salary schemes and save some from being scrapped but will expose pensioners to inflation at a time when retirement life expectancy is approaching 20 years.But it […]

Sandler: IFA response

Torquil ClarkThe idea of decision trees without full advice, for products dispensed by unqualified individuals, could prove unworkable in today&#39s complaints culture. Without full record keeping, there is no background information on which to justify advice. RJ TempleThe main concern is that advice and the long-standing principle of suitability appear to be sidelined. While consumer […]

Personal pension points

John Stillitz cannot understand why insurance and investment providers are reporting impressive results because “pension business is dramatically down”.He says that if pension business is being written, it is stakeholder and that sales of such plans are disappointing.I have not found it so. I am doing a lot more of these than I ever did […]

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]

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