Retirement planning

Article Abstract:

Investment trusts and unit trusts can be used by UK investors planning for their retirement. The UK government has been asked to introduce pension plans based on unit trusts, by the Association of Unit Trusts and Investment Funds. Personal pension schemes based on unit trusts have already been set up by two UK companies in 1988. Managers of unit trusts and investment trusts do not have as strong a distribution network as large UK insurers. They are also less likely to be recommended by advisers when their commission is low or zero.

Investment Offices, Investment Companies, Open-End Investment Funds, Mutual funds

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Scarcity does scare

Article Abstract:

There is a shortage of long-dated British government securities (gilts) which concerns pension funds, but long-dated gilts have still underperformed since mid Jan 2000. Investors expect the supply of long-dated gilts to rise, though there is a budget surplus. Demand could also ease if rules are eased on calculation of liabilities and assets for pension funds, in line with the Pensions Act of 1995. There is still likely to be a shortage of long-dated gilts since the 2015 stock will have under 15 years to maturity by Dec 2000.

Government Bonds, Government securities

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Private banks as pension providers

Article Abstract:

Private banks are moving into the world of personal finance and this includes pension provision. Banks offering pension plans include Smith and Williamson, Duncan Lawrie and Rathbones. Smith and Williamson offers a Variable Income Plan with a fixed fee of 1,000 pounds sterling, in addition to a quarterly charge for management. Duncan Lawrie includes a separate pensions company, Duncan Lawrie Pensions Consultants. The Rathbone Personal Pension has an annual fee and a 1,000 pounds fee for setting up the plan.

Commercial Banking, Commercial banks, not elsewhere classified, Commercial Banking NEC, Banking industry, Commercial banks, Private banking

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