How safe is your pension?
Article Abstract:
Governments are not providing for adequate regulation of pension schemes, while measures such as tax relief are encouraging the pension industry to grow. Robert Maxwell stole 448 million pounds sterling from company pension funds during 1990-91, but the risk of pension scheme fraud is generally small. An interest should be taken to oversee the efficacy of pension schemes, however. Personal pension plans (PPPs) are being sold by some pension advisers who encourage clients to abandon their present or past employer schemes. Personal pension regulation should be changed to define the responsibilities of pension scheme administrators and to provide compulsory training for pension trustees.
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Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1992
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Your retirement income
Article Abstract:
Buying a pension annuity is a way of increasing your income if you do not have an employer's pension which is linked to your salary. Explanations are given for: standard annuities; joint annuities; guaranteed annuities; escalating annuities; and purchased life annuities. Consumers should get independent financial advice, or contact a company which specialises in annuities, before purchasing an annuity. Consumers who pay fees to an independent adviser will probably get the best advice.
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Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1997
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