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Women’s reform

No one ever said reforming pensions was easy. What seems like a good idea can come a cropper faced with reality.

Legal & General pension expert Adrian Boulding says, for example, much of the Government’s hopes for personal accounts to help women carers and part-timers will fail.

He says women who have parttime jobs and maybe even two part-time jobs will be badly affected by the 5,000 offset limit which is non-pensionable.

Boulding says occupational schemes used to have such limits but would not dare do so now as they would be marched in front of an employment tribunal. But, on current plans, personal accounts can do just this. The Government should make sure that its reform matches its rhetoric on helping women.


Renewal pledge to B-A retirees

Burns-Anderson’s retirement solutions scheme is guaranteeing to pay up to 70 per cent of a retiring network member’s renewal income for at least seven years.Retiring appointed representatives will also get a portion of renewal commission paid to Burns-Anderson IFA on new business written for their former clients, meaning they can continue to receive income from […]

Repackage deal

Clients will be willing to pay for experience and a different approach.

Mifid poses PI passport problems

Advisers looking to passport into Europe under Mifid need to act quickly to ensure they get the correct professional indemnity insurance requirements, says PYV.The specialist insurance broker says due to the current soft market conditions and the November implementation date for the European Union directive, advisers should already have in mind how they will comply […]

Halifax pledges not to do a Paymentshield

Halifax General Insurance has pledged to continue the payment of trail commissions on its home insurance or accident, sickness and unemployment insurance policies.It follows the decision of HBOS’ former subsidiary Paymentshield, which was sold to Towergate at the end of last year, to stop paying trail commissions to brokers that are no longer regulated to […]

Mothers missing out on millions

By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]


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