Which? says lessons are left unlearned

Article Abstract:

A report from consumer magazine Which?, has revealed that personal pensions have shown no improvement. The consumer has been put off buying a personal pension due to the turbulent state of the market of late, including the mis-selling scandal, as well as the products being labelled inflexible and expensive. The report, which is published in the September issue of the magazine, declares that Abbey Life offers the worst pension product. The charges alone reduce 30% off the value of the pension over a 35 period. Professional Life, on the other hand, takes only 14% off the value over the same 35 year period.

Comment:

Consumer magazine Which? reveals that personal pensions have shown no improvement

Public affairs

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US broker poised for UK pensions debut

Article Abstract:

The US-based IFA and investment broker Edward Jones, has announced that it is to enter the UK pensions and life assurance market. Regulatory approval has been granted. Between 1998-2003 the company intends to open up to 400 high street offices throughout the UK. Some 40 of these will be operative by the end of 1998 and 125 by the end of 1999. *

Comment:

Announces that it is to enter the UK pensions and life assurance market

Strategy & planning, IFA

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