View more on these topics

NAPF highlights pension erosion

The National Association of Pension Funds has attacked the Government for "drilling holes" into the returns from occupational pension schemes.

The attack comes as the NAPF published its annual survey of company pension schemes last week. The survey shows that the Pensions Act 1995 and the decision in the last Budget to axe tax credits on dividends will hit company schemes hard.

Nearly 90 per cent of the 613 employers surveyed, which operate 833 schemes and have £370bn in assets, said the change to ACT will add costs to their schemes.

The NAPF warns that further attacks on company schemes would be detrimental to millions of scheme members. Director general Ann Robinson is urging the Government to increase the attractiveness of company schemes for employees.

She says: "A number of workmen are drilling holes in occupational schemes. The Government has an opportunity to release schemes from burdens following the Department of Social Security pensions review."

The survey shows that final-salary schemes are still dominant in the occupational pension market but money-purchase schemes have boosted their share of the market by two percentage points to 6 per cent.


Ludgate heading Killik PR push

Killik & Co stockbrokers has appointed PR firm Ludgate to handle a PR push. Ludgate will look to get press coverage for the stockbroker with a six-figure fee for the first year of the account.

Martyn confirmed in top role at IFAP

IFA Promotion is stepping up its efforts to boost the IFA sector following the appointment of Ann-Marie Martyn as chief executive. Martyn, 32, had been acting chief executive since last September, when Robert Browne-Clayton stepped down. Her salary is not being disclosed. She is now set to appoint a deputy as IFAP steps up its […]

Individuals in firing line as regulators get tough

The cost could be £6.65bn, it will take until the new millennium to get it finished and some firms are bound to go to the wall as a result. After months of silence, the Financial Services Authority and the PIA have finally come up with proposals on how to deal with the estimated 1.8 million […]

Get the best from GES

Last week, I looked at the risks being run by product providers which fail to make the maximum amount of client information available to IFAs electronically. Just to prove the point, within days of writing that column, I came across a firm of IFAs which makes the ability of product providers to transmit information electronically […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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 thought leadership.

    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