Personal pensions score a direct hit

Article Abstract:

People deciding on a personal pension plan should be aware that an employer's occupational pension scheme is almost always the best choice because the employer contributes 5% of the employee's salary to the pension plan. Current legislation now ensures that people who want to transfer their pension elsewhere now receive a fair amount which takes account of related benefits. People who do not have an occupational pension scheme can choose from more than 80 personal pension plans. Investment performance is the most important consideration, followed by charges and how flexible it is.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
Pension, health, and welfare funds, Pension Funds, Private Pension Funds, Management, Economic aspects, Individual retirement accounts

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Second-hand, not second-best

Article Abstract:

The UK insurance industry has seen a drop in sales forendowment policies since the late 1980s. Second hand endowment policies can provide UKinvestors with a safe investment. Policies with a maturity date some seven to eight years awayare a good investment, though investors would be better advised to set up their own policies thanbuy second hand policies with longer to maturity. Returns for such policies tend to be superior toother investments with a low risk.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
Life Insurance, Direct Life Insurance Carriers, United Kingdom, Insurance industry

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