View more on these topics

Nest a second-rate option that could lead to misselling

It is important for everyone to save for their retirement. It is great that the Government is insisting that all employers make pension contributions for eligible workers (those earning at least £7,475 a year) from 2012. The suggested rate of 8 per cent (minimum 3 per cent from the employer) could make a real difference but I have concerns with Nest.

For Nest Corporation to be able to afford to run the scheme, it is bound to have a limited fund choice and therefore offer poorer value for money compared with other pensions.

With auto-enrolment, the Government is forcing people into a scheme that will almost certainly be a second-rate option and is potentially opening up a future pension misselling scandal. If people discover 10 years down the line that their funds are not performing, who will be accountable? The employer? The Government? Nest?

What would be better is to insist that employers contribute into a scheme that they have set up or that their employees have chosen, not one that the Government has picked. I have long argued in favour of combining pensions and Isas.

George Ladds is head of investment and pension research at Fair Investment Company



Social issues

How ironic that many of those companies holding themselves out as ethical or morally superior often display a tendency towards the hypocritical and supercilious. I was reminded of this recently when asked to review a friend’s investments arranged by Britannia and even more recently when speaking with Ecclesiastical, the “socially responsible investment experts with a […]


BSA says the FSA has no right to control market

The Building Societies Association says it is not the FSA’s role to determine the shape of the mortgage market or control demand. In its response to the FSA’s responsible lending consultation, the BSA says it is not the role of the regulator to bring forward rule changes that would affect the housing market, social mobility […]

Mark Polson

The principal of The Lang Cat says the RDR is leading to massive change in the industry and the aim of his business consultancy is to act as translator between advisers, providers and their clients

Interview by Gregor Watt

Tenet sets up level four training courses for Calibrand diploma

Tenet will host training courses on the Calibrand QCF level four qualification for its members in the lead-up to the RDR. Calibrand’s diploma in professional financial advice is an alternative to the Chartered Insurance Institute’s diploma in regulated financial planning. The qualification is awarded by the Scottish Qualifications Authority, with no fees or membership prerequisites […]

Tax year-end planning with the family

From the Technical team at Prudential Let’s face it, many aspects of financial planning involve a lot of technical detail. At our face-to-face events, we’ve had great success bringing these technical topics to life through the use of practical case studies. Meet the family Prudential’s Planning Matters hub brings together a fictional family and explores […]


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