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“No because one of the benefits of a pension is the ability to draw down that lump sum. Some people have already drawn down income from their pension and it would be unfair for others not to.”

Emma Ames, Cathedral Financial Management

“No. A lot of people do not have much faith in pensions already.”

Howard Pickersgill, Howard Pickersgill & Co

“It would be entirely in accordance with the Government preaching pensions and then disincentivising people from using them. It would be ludicrous.”

Owen Temple, F&BI Financial Advisers

“Definitely not. The situation with the pension market and consumer confidence is low and if they use more sneak tactics to get money back into the Government&#39s coffers, it will be pretty underhand and will drive the pension market down even further.”

Carl Bowler, Fairway Financial Services

“No. Getting rid of a benefit is hardly likely to be an inducement to saving.”

Peter Imeson, Peter Imeson Financial Services

“No. It is a big incentive to taking out a pension.”

Robert Humberstone, Highcross Insurance & Finance

“No. It is a valuable benefit and without it, even fewer would buy a pension.”

Trevor Hibbins, Hibbins Financial Services

“No. It is getting rid of the one major perk of a pension.”

Martin Bradshaw Grosvenor IFA

No 100%


Sandler attacks industry failure to motivate savers

The financial services industry must not view the prospect of pension compulsion as a redemption for its own failure to create demand for its savings products, warned Ron Sandler.In explaining why the compulsion issue was only touched upon in his report in July, Sandler told delegates at the CII conference that the industry has much […]

Mind the savings gap

The last couple of years have been anything but dull for those in the financial services industry, particularly for financial advisers.Issues have arisen across so many areas – misselling scandals, highly volatile markets, margin pressure, regulatory change and industry consolidation are among the more major themes that we have seen. The challenge facing IFAs is […]

Pensioners fail to maximise potential

Over a third of pensioners wish they had invested more for their retirement, while over a quarter will have to make sacrifices in retirement, according to research from Britannic Asset Management.In retirement, the overwhelming majority of pensioners prefer deposit accounts to unit trusts, Isas or corporate bonds.Nearly 12 per cent of retired people wish they […]

The Quay to media coverage

The Diary was delighted to read that IFAs hoping to raise their media profile should buy their favourite hacks meals and drinks, as well as paying the cab fare home, according to Quay Software&#39s media guide.Although we agree with Quay Software&#39s view that Money Marketing is of &#39far reaching impact&#39 and is &#39often used by […]

State of the markets: global growth

In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]


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