Gov't attacked on savings plans - papers 27 May

Professional Adviser
clock

A MAULING IS being meted out to the government over its ineptitude in bringing about changes to the ...

A MAULING IS being meted out to the government over its ineptitude in bringing about changes to the UK's savings culture, The Daily Telegraph reports, citing comments from NU Life executive chairman Philip Scott. Both Stakeholder and the Sandler Suite get short thrift from Scott, who says they "will not deliver what is expected". "If you were to come to England from Mars and you were expected to find the designer of financial products, I don't think you would expect the Treasury to be the place where consumer financial products are being designed," Scott says. "In that ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •