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Steve Bee calls for Govt to improve womens’ pension provision

Scottish Life head of pensions strategy Steve Bee is callling on the Government to allow women to increase their pension contributions.

He says with the 2010 deadline on the horizon for pensions reform, women must increase their deposits.

He says currently, over 70 per cent of women end up with no state pension entitlement or a reduced entitlement through incomplete contributions.

On a recent Pensions Radio discussion, he said hundreds of thousands of women had not made the pensions contributions required to qualify for the maximum amount of the basic state pension.

Bee said: “If women do not make one in four of the contributions they are supposed to make, the Government do not recognise this as a serious attempt at saving, so women end up with either no state pension or a reduced one.

“Also, in the run-up to 2010 deadline, what about the women who know they have not made adequate contributions and are prepared to make them up now and fix the problem for themselves with their own money? Not allowing women to do this sends out a clear message that they still need to be wary of pensions savings and tread very carefully. This cannot be a good outcome.”


Openwork originated over £20bn of lending in 2007

Network Openwork has originated in excess of £20bn of lending in 2007, hitting its lending target with a 15 per cent increase on 2006.It says that January lending levels were up over 30 per cent on December and up 10 per cent on January 2007.Openwork’s market share in January increased from 4.1 per cent to […]

Top-selling Woodford funds slump

Invesco Perpetual stalwart Neil Woodford has had an uncomfortable start to the year after seeing both his income funds take a performance hit.Woodford’s £6bn income and £8.5bn higher income funds are currently among the bottom five out of the 90 funds in the UK equity income sector in terms of total return in 2008.High income […]

Hudson wants to see advisers working as collectives

Paying commission encour-ages nomadic adviser behaviour and hinders business sustainability, says Tenet chief executive Simon Hudson.He told a Money Marketing RDR round table that sustainable business models are only possible if advisers build regular income streams based onhighly qualified teams of specialist or generalist advisers under a firm’s umbrella status.Hudson said client relationships should be […]

NAPF pushes for workplace delivery of money guidance

The National Association of Pension Funds says it welcomes the recommendation of a money guidance service, including an emphasis on the workplace as a delivery avenue. The NAPF says it has found that face-to-face group meetings are the preferred method for receiving information about retirement planning.Chief executive Joanne Segars says the introduction of money guidance […]


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