Life at the top of a 20 billion pounds sterling pension pile

Article Abstract:

Alastair Ross Goobey is the new head of the British Telecom and Post Office employees pension funds, the 20 billion pounds sterling Postel Investment Management. His career spans regular finance jobs and small city enterprises. His father was pension fund manager for the Imperial Tobacco Company from 1949-73, where he was responsible for moving pension funds out of gilts and into shares. In 1985 Alastair became special adviser to Chancellor Nigel Lawson and later to Norman Lamont.

Officials and employees, Behavior, Goobey, Alastair Ross, Postel Investment Management Ltd.

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Funded pensions a mad idea whose time has come

Article Abstract:

State-sponsored investment funds are very likely to become increasingly common as more and more countries find it difficult to fund the demands of an ageing population. Funded pension schemes have only a very limited presence in large parts of continental Europe, and in the UK only around half the population is a member of one. Against this background, a form of funded scheme offered by the state and supported by compulsory saving seems the best way forward.

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Who can we trust with our gold?

Article Abstract:

The public image of personal pensions has been damaged recently by the large amounts of compensation which life assurance companies have been forced to award to people wrongly advised to leave company pension schemes. Many people are now very confused about whether it is advisable to invest in a personal pension. However, it cannot be wrong to save as much as possible prior to retirement, ensuring that the full tax allowance is used.

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