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Steve Bee: Auto-enrolment can kickstart a workplace benefits revolution

I have always been a staunch supporter of the auto-enrolment reforms; reforms that came to be following the demise of the State Second Pension. That strange experiment – the provision of a second, earnings-related state pension that has covered half the UK workforce since 1963 – has been a complete disaster. It has held back the spread of workplace […]

Chancellor announces £23bn national productivity investment fund

In today’s Autumn Statement Chancellor Philip Hammond has committed £23bn over the next five years to a new national productivity investment fund. Hammond said: “We are investing today for the economy of the future”. He added that investing in infrastructure will directly benefit businesses, and that while the number of homes built last year hit […]

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How annuities turn consumers off guarantees

Using the word “annuity” can put consumers off guaranteed income products, a research paper published by the FCA suggests. More than 900 consumers were given the hypothetical choice between retirement options including buying an annuity, self-annuitising, or spending the money until it ran out. When the word “annuity” was not used, 66 per cent of […]

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]

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