Pima wants personal accounts to be linked to Isas to create a more flexible approach to long-term saving.It says a percentage of money in personal accounts should be allowed to be filtered into Isas and believes the move would put consumer demands and real life needs at the heart of pension reform by harnessing the popularity of Isas. It says the “artificial” distinction between medium and long-term savings should be scrapped and the Government should build on the work of the savings and retirement account, proposed in the past by the Tories, as a way of increasing flexible saving. Pima says a savings framework which allows for a seamless transition from child trust fund to Isa to pension/pers- onal accounts is required. The Government is due to publish its Isa review this year, with expectations that the regime will continue as it is. Director-general Tony Vine-Lott says: “Pima believes linking child trust funds and Isas directly to pensions and personal accounts will create a system that reflect consumers’ own thinking on savings, “We have long supported a flexible, transparent savings mechanism for pensions, something that personal accounts may achieve if developed in consultation with those groups who serve and represent consumers.”
Resolution’s asset management business increased by 150 per cent to £14.5m in the first half of 2006.The company recorded profits of £14.5m in its asset management business compared with £5.8m in the six months to December 31 2005.Overall operating profit rose by 35 per cent to £116m compared with £86m in the last half of […]
Fidelity’s Sanjeev Shah on trying to secure a new flatmatey Lesson 1 in PR diplomacy – never let a journalist know that your golf game is more important than their call. It could well be the difference between a front-page story and being relegated to, I don’t know say, the Diary page. So, when Tom […]
TV presenters Ant and Dec have taken out life insurance in case either of them dies but Scottish Widows protection marketing manager Nick Kirwan believes that they should have considered critical-illness cover. If either of the pair dies, the other will receive a payout of at least 2m. But Kirwan says as Ant and Dec […]
Conference season is approaching for the political parties, as it is for the professional bodies.
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
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