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Occupational pensions &#39reduce pensioner poverty&#39

Occupational pensions are a major factor in reducing pensioner poverty, according to new research conducted for the National Association of Pension Funds.

The report, by a the National Institute of Economic and Social Research, concludes eight out of ten of today&#39s pensioners have a standard of living at least as high as the average level achieved by the whole population in 1995.

The research puts this down to the marked increase in the proportion of retired people who receive occupational pensions.

NAPF chairman Peter Thompson says: “Occupational pensions reduce dependence on the safety net of means tested state benefits. We urge the Government to do all in its power to ensure occupational pension schemes continue to be the welfare success story in the 21st century.”


Gartmore appoints equity finance specialist

Gartmore is appointing Alan Hadley as equity finance specialist in its dealing and derivatives team.Hadley was previously with Merrill Lynch International, CIBC Wood Gundy and most recently US Clearing/Fleet Securities where he worked on the trading of European, Far Esat and Asian equities. He will report to Gartmore head of derivative investment Doug Shaw.Shaw says: […]

SLCAM gives green light for Oeic conversion

SLC Asset Management subsidiary Sun Life of Canada Unit Managers has gained overwhelming approval for the conversion of 10 of its unit trusts into Oeic sub-funds.Of unitholders who responded, 95 per cent voted for the change, which will affect assets worth over £1bn. The Oeic will consist of 10 sub-funds covering UK Growth, Smaller Companies, […]

Smithson Mason Financial Services appoints account executives

Smithson Mason Financial Services is appointing two new account executives, Phil Dixon and Carol Clift, who will both specialise in investment advice and retirement seminars.Dixon spent 14 years with Prudential rising to the position of senior financial consultant. Clift has 14 years experience in financial services and joins from Royal Bank of Scotland where she […]

M&G sees demutual trend

M&G predicts that demutualisation will become a global trend, propelling thousands of investors into the equity market for the first time.The claim follows the ongoing demutualisations of Friends Provident and National Mutual in the UK and US life insurer Phoenix, which floated for $1.65bn (£1.17bn) this week.M&G says in recent years demutualisations such as Halifax […]


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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