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Selestia confirms retirement account launch due in April 2006

Selestia confirms it will be launching its collective retirement account by April 2006.

In addition to the launch, Selestia will be hosting a series of IFA debates across the country where advisers can discuss the opportunities being presented by the upcoming changes and debate the issues with key-note speakers.

Chief executive Brett Williams says: “The world of pension planning is heading for a huge shake up following A-day and we can already see the writing on the wall for the old school life and pensions companies. We believe that with increased freedom to invest, the old guard are going to find it hard to maintain the illusion of mystery that has surrounded the world of retirement planning in the past.

Consumers are no longer ready to accept being baffled by opaque, anachronistic and unnecessarily complicated methods of long term savings and will instead focus on the importance of the underlying investment. Retirement planning should be viewed as in investment solution rather than a tax problem.”


Regulator says it is sticking to principle plan

The FSA has pledged to con-tinue its move to principle-based regulation and focus on improving staff training. In its business plan for 2006/07, chief executive John Tiner says the FSA recognises that many firms prefer the clarity of a rule-based approach. But he says the regulator will press ahead with plans to reduce prescriptive rules […]

Hutton says education and advice are key to reforms

Work and Pensions Secretary John Hutton believes that for pension reform to work, credible financial education and advice are key to ensure that consumers are aware of the investment risks. Speaking at a pension deb-ate in Parliament last week, Hutton said pensions are never risk-free and should not be treated as such, with finan- cial […]

Witan confirms second dividend

Witan Investment Trust is to pay a second interim dividend of 5p per ordinary share to be paid on April 3, 2006.This represents an increase of 2.3 per cent year-on-year in total and is in line with the board’s intention of growing dividend payments to keep pace with inflation. It makes a total annual distribution […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


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