I am writing in reply to the article about pension transfer “sweeteners” by Robert Reid in the September 28 edition of Money Marketing.I find his statement that “there is no doubt that if a member is offered a bribe and/or enhanced transfer value to leave a scheme, then he or she is getting the poor end of the deal” very bizarre. First, this suggests that no one should ever transfer out of final-salary schemes because if it is not worth doing with an enhanced TV, then it cannot be worth it with the standard amount. There are lots of reasons why transferring out of final-salary can be a good idea, for instance, if you see the PPF coming, run the other way. With schemes crumbling due to many factors such as the PPF, increased mortality and over-legislation, then I would expect more and more people to transfer out to safeguard their funds (yes, safeguard). It is like someone about to abandon the Titanic being offered a lifejacket and turning it down because it is an extra incentive to jump off. Phil Gammond Aqua IFA, Cheshire
How do you solve a problem like IPI asks Defaqto’s report on income protection which made for gloomy reading last week.
Making the move from box-ticking to holistic compliance
The Zurich training centre in Swindon, where tens of thousands of people trained for careers in financial services with Allied Dunbar, is to be demolished and redeveloped as a four-star hotel. Many leading industry figures trained there, including Home of Choice chief executive Richard Coulson, while Positive Solutions executive chairman David Harrison and Thinc Destini […]
Most customers believe they understand equity release, according to a study from Just Retirement.It found consumers carrying out research both well before the sale and during the purchase, reading information and discussing the decision with family and friends as well as professional advisers. Additionally, the majority of customers appeared to be well aware of the […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
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