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Warning of Govt threat to occupational pensions

Occupational pensions are under threat from proposals outlined in the

Chancellor&#39s enterprise shake-up announ-ced last week, says employee

benefits consultancy Buck Consultants.

It warns that Government measures to encourage small business start-ups

will result in an investment culture taking inappropriate risks.

Buck says that by interfering with the investment process of bigger

company pension schemes and increasing the number of smaller businesses

that often do not have an adequate company scheme, occupational pensions

are threatened with a “pincer movement”.

Buck says many of the rec-ent steps in this direction are a result of the

Myners Report into institutional investment which criticised the

risk-averse attitudes nature of this sector.

Buck Consultants technical and legal expert Kevin Le Grand says: “The

Government has lost sight of the need to provide an effective private

sector system to ensure adequate retirement income for the burgeoning

number of UK senior citizens.”


Scot Prov International moves into Saudi market

Scottish Provident International Life Assurance is to enter the Saudi Arabian market after signing a deal with Saudi Hollandi Bank.IFA distribution is not allowed in Saudi Arabia so SPILA will manufacture bespoke financial planning products for SHB to market in Saudi Arabia.SPILA director of marketing and corporate development Bryan Low says: “We have been talking […]

Pensioners guide from Age Concern

Age Concern is publishing the 23rd edition of its guide to taxes and investment opportunities specifically designed for pensioners.The guide called &#39Your Taxes and Savings 2001&#39 gives an overview of the tax system for the 40 per cent of pensioners who pay tax.The guide also covers how to check a tax bill, protection for investors […]

Emerging market volatility highlighted

Emerging markets have proved a volatile investment sector over recent years, according to a report from Standard & Poor&#39s.The report shows the value shares in the S&P composite index of global emerging markets fell by 20 per cent in 1998, rose by 62 per cent in 1999 and then fell by 30 per cent in […]

Stakeholder sales disappoint through lack of marketing

Lack of investment in marketing is causing disappointing sales of stakeholder pensions according to research from the Financial Services Forum.In April the FS Forum contacted 70 of its members, who are senior marketers in the financial sector, to gauge their attitude to the marketing of stakeholder. The initiative generated a 33 per cent response.The survey […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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