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Survey shows consumers want simple risk indicators

Consumers are keen to be provided with simple risk indicators to help them make investment decisions, according to a joint investigation by Cicero Consulting and Brahm Research.

The two financial policy specialists investigated some of the key conclusions of the Treasury select committee report into restoring confidence in long-term savings.

They found that 84 per cent of people believe that a simple risk indicator would help investors make the right investment decisions while 63 per cent believe people should be able to access their pension savings during periods of unemployment or illness.

About 57 per cent of those surveyed think that management fees charged by providers should be linked to investment performance.

Cicero Consulting director and chief corporate counsel Iain Anderson says: “Our research provides all policymakers with a clear view that clearer consumer information and fees linked to investment performance are very important to consumers. It appears that MPs are in tune with much consumer thinking.”

Brahm Research director Robin Horsfield says: “The fact that people want to access their pension during times of unemployment or illness shows that attitudes towards pensions are changing – a pension is no longer viewed solely as savings for retirement. This is an important opportunity for policymakers to start to address pension policy in earnest before the next general election.”


Multi-ties fail technology test

IFA Park Row is making a stand against multi-ties, not in principle but in practice. The adviser says it cannot see any material benefit in going multi-tied at the moment. It does not rule it out in the long term but says IFAs should be wary for the next 18 months. Park Row&#39s criticism is […]


Foresight saga continues with launch of second VCT

The managers of the UK’ top-performing venture capital trust are looking to raise 35m with a second VCT. Foresight 2 VCT aims to provide investors with attractive returns from a portfolio of unquoted UK high-growth companies. Minimum investment is 2,000 and the closing date is April 5, 2005. VCTs have been given a boost this […]

Closed funds under scrutiny

Charging structures on closed with-profits funds are to be scrutinised by the FSA to ensure that investors are not being ripped off. FSA sector leader for insurance David Strachan told a Cazalet Consulting conference in London this week that he expects charges on with-profits funds to fall after they are closed as new business acquisition […]

B&B completes sale of two subsidiaries

Bradford & Bingley has completed the disposal of Charcol Aitchison & Colegrave and Charcol Holden Meehan to John Scott & Partners with the transaction becoming effective yesterday evening, 28th September 2004.


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