The days are long gone when pensions ‘simplification' corresponded to any dictionary definition of the word. A laudable effort to make pensions easier to understand is bogged down in complexity that most people find utterly baffling.
A relative of mine recently recarpeted her hallway. She's a single mum so funds are tight, and she asked a friend in the trade how much it might cost. He looked at the hallway and suggested it should be no more than £500.
This week I attended a course on the ‘tone of voice' we should use when communicating with customers. The grumpy old man in me tends to feel that today's younger generation would benefit more from learning grammar and punctuation, but tone of voice refreshers...
Proposals to abolishing contracting-out for defined contribution (DC) pension schemes outlined in yesterday's white paper has caused concern among some sectors of the industry.
Ian Naismith, head of pensions market development at Scottish Widows , explains the refined rules governing property in pensions since changes were announced in the pre-Budget Report, and what clients holding property should do now.