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Pickering welcomes Lilley back into pensions fold

Peter Lilley, the man who as the Tories&#39 last Social Security Secretary was accused by then opposition leader Tony Blair of planning to privatise the state pension, has been brought in from the cold by the Pickering review.

Lilley is one of three opposition politicians thanked by Pickering for their input. In a clear bid to establish a consensus among the parties , Pickering has also thanked the Tory and Lib Dem social security frontbenchers David Willetts and Steve Webb for their help in the simplification work.

The foreword to the document says : “All these politicians have been generous with their time and expansive with their ideas. This political buy-in has been critical in our desire to obtain considered input from the wider community. It has been of a much higher quality because of the visible commitment to the idea of simplification proffered by leading politicians.”


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 […]

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 […]

Calls for bigger FSA spend on consumer education

The FSA should dramatically increase what it spends on educating consumers and consider establishing a sub-board responsible for education the Sandler review team has recommended.The report says only 3 per cent of its budget in the last financial year was spent on consumer education, a total the review team considers is far too low.The review […]

CA calls for simple products, less regulation

The Consumers&#39 Association is calling on Ron Sandler to recommend a two tier approach towards financial advice consisting of both generic and product specific advisers serving different consumer needs.In a pre-briefing document released in advance of the publication of Sandler&#39s recommendations tomorrow, the consumer watchdog is also calling for the development of safe-haven products which […]


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