View more on these topics

Stakeholder proposals too vague claims Society of Pension Consultants


The Society of Pension Consultants claims the Government&#39s Stakeholder Pensions proposals are too vague.


In its response to the Stakeholder Consultation paper, the society says it is unclear what level of advice the Government expects under the 1 per cent maximum charge.


The SPC says the consultation brief refers to advice as providing basic information, responding to queries and providing basic information.


The Society feels the Government should clarify exactly what will be covered under the advice charge. As it believes it only allows for the very basic advice to be provided such as generic information and an explanation how the scheme works.


It says: &#34Advice based on individual&#39s specific circumstances, on whether membership of a stakeholder scheme is or remains appropriate or on whether a scheme is most appropriate could not be accommodated within the charge.&#34

Recommended

Mercury voted top fund manager

Mercury Asset Management has been voted Europe&#39s number one fund manager in the 1999 Primark Extel Survey.The survey polled the Eurotop index&#39s top 300 companies.This follows a recent Reuters Survey of the UK Larger Companies which elected Mercury as the &#39Best Fund Management Group&#39.MAM co-head Carol Galley says: &#34Our unrivalled ability to understand the companies […]

Scottish Widows reports new buiness up

Scottish Widows has reported a 47 per cent increase in new business for the first six months of the year.The Scottish life office says equivalent annual premium business jumped to £279m from £190m for the first six months of the year compared to the same period last year.The company which is undergoing takeover talks with […]

Genetics forum to hold public seminar

The UK forum for genetics and insurance is to hold its first public seminar at The Royal Society in London on 26 July.The Government&#39s chief scientific adviser Sir Robert May, Chairman of the British Society for Human Genetics Professor Andrew Reid and Government Actuary Chris Daykin will address the meeting.

Norwich Union warns investors to beware of no Cat-marked Isas

Norwich Union Investment Funds is warning investors to beware of non Cat-marked Isa funds.It says &#39ignoring the benefits of Cat standards could mean losing the performance race before it has even started&#39.NUIF bases this comment on figures compiled by Fitzrovia for its NU Isa league. The league claims that on average investors would only have […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com