UK: Rising demand for stakeholders for children

Article Abstract:

Research conducted by BMRB on behalf of Legal & General, reveals that 21% of parents in the UK will probably invest in a stakeholder pension on behalf of their children. The survey found that at least GBu 20 was being saved by 57% of parents every month per child. Parents are finding stakeholder pensions for their children attractive as it means that savings will not be frittered away, guaranteeing a provision for the future.

Sales & consumption

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UK: SCOTTISH LIFE CONCERNED ABOUT POLARISATION

Article Abstract:

Scottish Life is concerned about the proposals for polarisation changes from the Financial Services Authority (FSA) and about a statement from the FSA that advice is not as relevant in the case of stakeholder pensions as in personal pensions. Norwich Union, insurer, has also expressed concern about the changes.

Government regulation (cont), Norwich Union PLC, Financial Services Authority, Scottish Life

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