Scottish Life

An independent financial adviser has claimed the fall of national savings ratio in the UK can principally be attributed to the dramatic fall in numbers of pensions and savings policy salesforce.

John Moret has called on the Government and the Financial Services Authority (FSA) to take immediate action for the proper regulation of the Self-Invested Personal Pensions (SIPP) market before the arrival of A-Day on 6 April 2006.

Scottish Life has called for more interaction between providers and individuals as a means of fostering the take up of pensions in the UK.

OPPOSITION MPs have accused the Government of trotting out a "breathtakingly bland" and "ridiculous" vision of state pension reform yesterday, the Telegraph quotes them as saying.

The Chartered Insurance Institute has launched a new course to aid advisers with what it believes is the ‘biggest' change facing pensions legislation - compressing eight pension rules into a single ‘universal' tax regime.

Scottish Life has further upgraded its online group pension facility to help intermediaries speed up their daily business activities.

Steve Bee, head of pensions strategy at Scottish Life, says in a new note that rules taking effect on 6 April 2006 could affect some 10 million company pension scheme members to seek advice because of "concurrency".

Disclosing a ‘market average' of commission charges when providing a menu to clients could have an impact on whom advisers do business with in future, suggests Scottish Life.

Scottish Life, has upgraded the e-service functionality for its retirement solutions range of group pensions.

Pension compulsion could see a "sad ending for the most successful voluntary pension system in Europe" - that is if people get over the confusion of what pension compulsion really means, says Steve Bee.