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Private sector must be central to running of personal accounts scheme

Norwich Union head of pension strategy Graham Vidler says private enterprise should be central to running any form of national pensions savings scheme.

Vidler says: “The move towards personal accounts is a positive step. Norwich Union will work with the Government to ensure that the right balance is struck between value for money for the tax payer and value for money for the saver. But any new system must promote additional saving and complement existing

“Given the expertise and experience that exists, we believe that it is in
consumers’ interest for private enterprise to be central to the running of
these new personal accounts. We urge the Government to recognise the
benefits that choice and competition will bring to the millions of people
who will hopefully invest in them.”


Royal prerogative

A radio phone-in on pensions provoked much response from listeners

Focus offers delivery of The Matrix

Focus Business Solutions has announced the delivery of a new point of sale system for Assurant Solutions to enable lenders and brokers to sell its new mortgage protection product The Matrix.The Matrix offers access to over 250,000 possible policy combinations and was launched in April 2006.Focus director of mortgage solutions Manjit Rana says: “Our business […]

FSA postpones decision on RU64

The FSA board has decided today to delay its decision on the future of the RU64 rule.In light of the uncertainty of the implementation of NPSS, the regulator has decided that it would be sensible to put on hold making a decision on RU64 until the position is clearer. The Governments white paper on pension […]

Tories aim to show Sipp complexity

The Tories have tabled amendments to the Finance Bill to change the definition of residential property in a Sipp in a bid to highlight what they claim is the complexity of the new regime.


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