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Lloyds sells rest of Standard Life Aberdeen stake

Lloyds Banking Group has sold its remaining stake in Standard Life Aberdeen as the two investment giants continue their fight over the future of a key mandate. Lloyds and Standard Life Aberdeen remain in dispute resolution proceedings after Lloyds terminated its £109bn Scottish Widows Investment Partnership management deal with Standard Life Abderdeen in February. Aberdeen […]

Wells Street Journal: Pensions Regulator lobs a rotten Nest egg

Much has been made of the Government’s taxpayer funded campaign encouraging voters to back remaining in the EU. The Leave side predictably went ballastic when details emerged of the 14-page booklet sent to every household in the UK at a cost of £9m. Leading Brexiteers Boris Johnson and Nigel Farage also presumably received the handy […]


Retirees not recklessly spending pension wealth

Older people are holding onto their savings and are reluctant to spend money impulsively, according to research from the Institute for Fiscal Studies. A survey published today looking at how individuals use their wealth once they retire finds many are not drawing down as much wealth as they could. It says, on average, individuals will […]

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Recruitment bosses plead guilty after posing as staff to stop workers’ pension payments

Two directors and five senior staff of a national recruitment agency face sentencing after they were found impersonating temporary workers in order to opt them out of their workplace pension scheme. Workchain directors Phil Tong and Adam Hinkley and five senior staff were prosecuted by The Pensions Regulator for an offence of unauthorised access to […]

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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There are 5 comments at the moment, we would love to hear your opinion too.

  1. None of the above?

  2. Go back 25/30 years and most advisers included protection within their advisory remit.

    Pensions and investments weren’t sexy back then.

    Today it’s different. Too many advisers cannot be bothered with what they see as products for salespeople.

    This elitist view means that less than half of regulated advisers focus on protection whereas 30 years ago there were 250,000 who consider sit important.

  3. Because it is sold not bought.

  4. Julian Stevens 12th June 2018 at 5:41 pm

    I voted Other, in my case the reasons being that most of us aren’t actually much good at selling it and members of the public are reluctant to spend money on it ~ perhaps the latter because of the former. Also, in this day and age…the trail revenues are peanuts.

  5. Alan Lakey has partially answered it. 250,000 flog it and hop it merchants on outrageous commissions.

    Today there are those who have life cover at work and don’t think of what will happen if they move jobs.

    There are those who are aware of the merits and indeed do have life cover.

    The so called gap is, I suspect, nostalgia for the old days when everyone was fair game and the fall off rate was huge – adding to the profitability of the life offices.

    Yes, it is advisable to have some, but many have other priorities and have affordability issues. Also in this modern era most are not marrying but living ‘over the brush’ that makes for a greater level of complication for the assured as trusts are needed (or life of another) and when you have so much family breakdown put into the mix it is hardly surprising that the take up has declined.

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