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.”