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Stakeholder provider calls for wider auto-enrolment

B&CE is lobbying the Department for Work and Pensions to widen the scope of auto-enrolment following the introduction of personal accounts in 2012 to ensure a level playing field for existing workplace schemes.

The not-for-profit company, which runs the UK’s biggest stakeholder scheme, is also in talks with the Association of British Insurers to co-ordinate an industrywide push for wider auto-enrolment.

B&CE deputy chief executive John Jory says he believes group personal pensions and stakeholder schemes have a far bigger role to play in the pension market while personal accounts will act as a safety net for people not already in an employer scheme.

He says he is confident B&CE’s scheme is not threatened by the introduction of personal accounts in 2012 because it offers a personal service but wants the auto-enrolment rules changed to ensure it can compete on a like-for-like basis.

Jory says: “The Government could have done more to help existing employer-sponsored schemes that are working rather than just introducing a completely new scheme.

“It is a big unknown as to whether personal accounts will work. I have concerns that many people will opt out because they are disillusioned by pensions and think that there is no point in saving for retirement.”


Buckles may track Snowdonia

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Thames reach

Robert Burdett and Gary Potter began as co-heads of multi-manager at Thames River last week. The former Credit Suisse pair will soft-launch five funds in September before the portfolios go fully live in October. Here, joined by investment director Mike Warren, they talk to Chris Salih about why they joined Thames River and what their plans are

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The average ethical fund has posted growth of 18.3 per cent compared with 13.7 per cent growth from the average non-ethical fund, according to Investment, Life & Pensions Moneyfacts.A survey of the last 12 months shows ethical funds have also outperformed index trackers which grew 15.7 per cent and the FTSE 100 which saw 13.2 […]

July gross mortgage lending 12 per cent higher than 2006 says BBA

New statistics from the British Bankers’ Association has found that July’s gross mortgage lending of £21.3bn was 12 per cent higher than the same time last year.With annual house price inflation below this rate, the stronger figure reflects higher levels of re?mortgaging activity in the month.Underlying net mortgage lending rose by £5.7bn. Although this was […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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