Skandia predicts consumers will turn to Maximum Investment Plans(MIP) as changes to tax relief drive investors away from pensions.
Mike Morrison is asked, ‘Do you feel an independent commission should be set up to remove the development of pension policy out of the political arena and encourage a more long term approach?'
The Personal Accounts Delivery Authority is set to launch a myth busting programme to explain how the national pension saving scheme will work from 2012.
I well remember last year's Pre-Budget Report which effectively banished residential property and things like art, wine and cars from being purchased directly by a self invested personal pension.