Britons offered pensions investment advice

Tue, 28 Sep 2010

Economic necessity has forced pensions investors to approach retirement in a different way, it has been argued.

John Lawson, the head of pensions policy at Standard Life, commented: "Gone are the days when people worked in the same job for 40 years and went from full-time work to full-time retirement overnight."

In the present day, Mr Lawson observed many Britons start to reduce the hours they work before retirement - often because of a career change or redundancy .

Indeed, he remarked that a significant proportion continue to work beyond 65, often part-time.

Meanwhile, George Ladds, head of investment and pension research at Fair Investment Company, claimed recently that many self-invested personal pensions (Sipps) are merely glorified personal pensions .

Mr Ladds made the comment in light of research by Defaqto which showed that 82 per cent of independent financial advisers (IFAs) have recommended Sipps .

He questioned how many of these pensions were "true Sipps", which he defined as ones that gave investors freedom across all asset classes.
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