Prepare savers to expect less from personal accounts

Watt, Gregor
May 2009
Money Marketing;5/28/2009, p18
The article reports on the statement given by financial industry experts that savers must revise their retirement expectations to avoid disappointment in the level of income provided by personal accounts. According to Association of British Insurers economist Rebecca Driver, people expect a replacement rate of two-thirds of their pre-retirement income. Driver added that there is a huge risk that personal accounts will not attain people's aspirations.


Related Articles

  • Eurostoxx link for Nvesta plan Nationwide shaves fixed rates and tracker loans.  // Money Marketing;2/19/2004, p30 

    Reports on the income pension plan based on the Eurostoxx 50 index being offered by British structured product provider Nvesta. Features of the plan; Reason behind the company's move.

  • Opportunity knocks if the price is right.  // Corporate Adviser;May2012, p12 

    The article discusses issues related to auto-enrolment of pension. It has been informed that pension auto-enrolment provide tremendous opportunity for financial advisers specialising in the corporate market. It has been informed that trustee bank accounts is an issue related to it, which can...

  • Tactical error. Jacobs, Richard // Money Marketing;1/10/2008, p35 

    The article discusses the author's insights regarding the issuance and the implementation of the pension-sharing order in Great Britain. The author provides a definition of the transfer day and an example on a case that determines the effectivity of the said order. He also presents norms...

  • Delivering on the promises. Taylor, Damon // Super Review;Nov2010, Vol. 24 Issue 10, p20 

    The article focuses on the insurance companies that serve the superannuation industry in Australia. It mentions the consolidation of mandates and services delivery as the main concerns for most insurers through 2010. It states that insurance companies have the opportunity to integrate their...

  • Dismay over U-turn on RU64. Tryphonides, Andrea // Money Marketing;6/1/2006, p7 

    The article reports that the Association of British Insurers has accused the Financial Services Authority (FSA) of reneging on its promises regarding RU64 when it delayed its decision on whether to eliminate the rule. Leaked documents have revealed that there is growing pressure from ministers...

  • Conflicting accounts. Shaw, Annie // Money Marketing;10/19/2006, p74 

    The article reports on the dispute over the proposed national pension savings scheme in Great Britain. The way the Association of British Insurers is handling the consultation has caused the formation of two options for operating the scheme. The first one, led by Lord Adair Turner, favors the...

  • IMA: Ill-informed critics damage savings industry. Patel, Mona // Money Marketing (Online Edition);7/30/2012, p25 

    The article presents the author's views on the Great Britain financial services industry. According to the author, the Labour party played a blinder when it used some misleading data to generate negative headlines about pensions. The author states that the politicians and the industry should...

  • UK pensions: SIPP market to be worth over £1 billion in 2008.  // MarketWatch: Financial Services;June 2004, Vol. 3 Issue 6, p20 

    Announces plans to restructure the pensions market in Great Britain in 2005. Growth anticipated in small invested personal pension products through 2008.

  • Savings at stake. Monks, Helen // Money Marketing;11/11/2004, p52 

    Examines whether the British government has learned from the stakeholder pension experiment. Notion that simplifying products improves government savings; Support for saving cash throughout the Sandler debate; Plan for basic advice regime.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics