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Smith calls for part-time flexibility

New Secretary of State for Work and Pensions Andrew Smith is calling for more flexibility in pensions rules to allow people to work part-time in to retirement.

Speaking at the TUC conference last week in his first public speech since taking over from Alistair Darling, Smith said many people face a &#39sheer cliff edge between work and retirement&#39 where they are shuffled in to retirement immediately after finishing work.

He wants to give people incentives to stay in work for longer.


The great barrier brief

How can it be that, after a decade of trying to encourage electronic trading within the life and pension industry, so little e-commerce takes place?Volumes are much higher than 10 years ago but, as a percentage of the whole market, penetration remains low. How many of the comparative quotes given online are delivered as an […]

Stress management

The only thing going up in the group income protection market is the price.Over the past two years, the total cost to the market has risen by nearly one-third from £350m in 1999 to £464m in 2001. Yet the total number of lives insured has only risen by 14 per cent from 1.54 million in […]


“Yes. It would seem to be.”Dennis Taylor, Dennis Taylor Financial Services“No. Most people do not take too much notice of the rubbish they read in the press.”David Walters, David Walters Financial Services“No. I think people understand what it means.”Susan Varle,Reid Independent Financial Services“No, The name is still a traditional one and I think people are […]

Carrot tops for pension policy

The ABI has a plan to defuse the pension timebomb, trying to silence the calls for compulsory pensions by suggesting a carrot approach instead. It says by encouraging employer contributions through improved tax incentives, the £27bn savings gap can be cut by 10 per cent a year.It is about time that someone at least considered […]

Developing your personal relationships – Webex

Read more 9amFinancial advisers and solicitors working together Presented by Ian Muirhead, director & chairman at Solicitors for Impartial Advice (SIFA) Listen to Ian’s expert insight and experiences of how financial advisers and solicitors can work together to deliver mutual benefit and enhanced client outcomes. Register here 10am Financial advisers and accountants working together Presented […]


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