View more on these topics

Public not confident with NPSS choices

Seven out of 10 consumers say they would need advice on whether to stay in or opt out of the Government’s proposed personal accounts regime, says the Pensions Advisory Service.

Its latest survey found that 78 per cent of respondents were generally in favour of the new scheme but 70 per cent would not be confident to make the decision of whether to stay in the scheme or opt out.

An even higher percentage, 79 per cent, said if they did decide to stay in the scheme, they would need advice on how to invest their contributions. Seventy-six per cent said they would need advice on whether they were saving enough.

In relation to who people felt could be trusted most to run the scheme, the Government won a resounding 64 per cent backing, with 36 per cent favouring insurance companies or employers.

Looking at state pension reform, 53 per cent accepted that the state pension age needed to rise while 41 per cent opposed this. Of the latter, 54 per cent preferred to leave the state scheme as it is while 46 per cent said they would prefer to pay in more. The survey questioned 1,346 people.

Chief executive Malcolm McLean says: “It is very significant that the majority of people we surveyed felt they needed some form of advice before committing themselves to personal accounts.”


Sunny side up for Buckley and Covell

Ex-Bankhall duo Mike Buckley and Gordon Covell are set to receive a little more media exposure than they first expected in the coming weeks. The pair, who run the Active Management Group, were spotted at a Soho bar while waiting for a Money Marketing hack by a TV crew filming a dating show. Buckley was […]

Buy to let is top for returns

Buy-to-let investors are getting the best return of all asset classes, according to Landlord Mortgages. Investors who bought a BTL property with a deposit of 25,000 on average saw a 39,309 average profit over the past six years. Second was gold, with a 22,484 profit on the same stake.

Research reveals 10bn pension deficit increase in August

UK pension deficits showed a monthly increase of 10bn in August according to analysis by Aon Consulting.The research showed the increase was mainly due to a small decrease in bond yields over the month, with corporate bond yields falling from 5.1 per cent to 5 per cent and gilt yields falling from 4.4 per cent […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm