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Thinktank to draw up compulsion blueprint

The Social Market Foundation has set up a working group to design a practical model for pension compulsion.

The group will bypass discussions over the merits of compulsion and focus on producing a workable model. Watson Wyatt partner Michael Wadsworth is chair and members include FSA consumer panel member Harriet Hall, TUC pensions officer Michelle Lewis, Standard Life chief executive Trevor Matthews, NAPF policy director Joanne Segars and LSE lecturer in pol- icy studies Sarah Smith.

The thinktank has produced a report which looks at issues such as how much people need to save, who would manage pension savings and whether people would offset compul- sory savings by saving less elsewhere or borrowing more.

The group is expected to report in early autumn in the run-up to the Pensions Commission chairman Adair Turner’s report.

SMF spokesman Robin Harding says: “We want to contribute to the debate by bringing out the practical issues which are sometimes overlooked.”


BTL leaseback firm listing on Aim

Buy-to-let property company Ely Group is listing on Aim this week. The Dublin company is coming to the market valued at 11m with plans for further UK expansion. The firm is best known for offering the opportunity to invest in the housing market on a10-year leaseback scheme.

All Blacks magic

Leeds & Holbeck Building Society recently welcomed All Blacks’ legend Justin Marshall to a summer school for 140 seven- to 16-year-olds hosted by the society. Marshall arrived direct from his native New Zealand and went straight to the summer school. The most capped All Blacks half-back of all time has signed for the Leeds Tykes, […]

Mortgage View: Near-prime movers

My monthly rant is normally restricted to one topical subject so it is quite ironic that in a typically slow news month there is plenty to commentate on. In no particular order, here are some musings on four newsworthy items of late.


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