Investment

The Association of IFAs says the Government must consider the need for advice on personal accounts before the scheme can be fully embraced.

THE Government's plans for the structure of personal accounts has received a mixed reactions from industry bodies and firms.

Demand for flexible retirement products like SIPPs now overshadows that for conventional annuities, research suggests.

A third of Brits are financial fantasists, according to a survey by National Savings and Investments, a UK financial provider.

The Government's plans for the structure of personal accounts announced today has received a mixed reactions from industry bodies and firms.

The Government today promises personal accounts will "complement rather than compete" with existing pension provision.

PERSONAL accounts will "complement rather than compete" with existing good pension schemes, the Government confirmed today.

‘If it ain't broke, don't fix it' - this well known saying sums up all there is to say about the direction of the latest paper aimed at making the open market option work better.

Saving into personal accounts could generate poor returns in retirement for vulnerable groups, including many women, according to research commissioned by the Equal Opportunities Commission (EOC) and conducted by the Pensions Policy Institute (PPI).

Barings Asset Management has proposed moving public occupational systems to fully funded institutions run along the line of CALPERS (the Californian Public Employee Retirement Scheme).