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Pension reform a continuing process, says Brown

Future pension policy is not a question of reform versus status quo but rather a case of continuing progression, Gordon Brown told the Institute of Directors.
He said the Turner Commission will usher in an important debate about the future of pensions and reforms can only be implemented on the basis of a commitment to long-term stability.
He also told the IoD the forthcoming pre-budget report will show how the Government’s new model of regulation can apply to processes and procedures in industries including financial services.
Brown said: The issue is not reform versus the status quo; there must be continuing reform. The issue is how we achieve the right reforms, reforms which are sustainable, fair and affordable.


Here come Serps’ chasers

A case where Pru paid on contracting out may be the start of a complaint wave.

One-third of release plans are sold direct

A third of equity-release plans are taken out direct with product providers, according to Key Retirement Solutions. Speaking at the Mortgage Business Expo, KRS development director Dean Mirfin said there was a shortage of IFAs active in this sector. He said customers were drawn to providers through brand awareness and the perceived reliability associated with […]

Second among equals

The industry must focus on what women need from pensions if the earnings’ gap is to be closed.

Exweb’s mortgage sourcing service will close

The Exchange’s Exweb mort- gage sourcing service is to close after the group admitted that it does not have enough users to meet its costs. Despite confirmation from parent group Vertex Financial Services that it will be invest- ing heavily in The Exchange, the Exweb mortgage sourcing service is not seen as a viable proposition […]


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