Advice

Quigley's Fine Wine and Champagne Merchants is looking to take out some business protection in the event that one of the four directors dies. All four - Ryan, Steve, Dave and Jack - are in their mid-forties and in generally good health, although Steve...

Question: What is the estimated time between payment of a contribution and its investment? How does this compare with the similar existing European schemes?

Question: It strikes me that the onus for retaining Enhanced Protection falls on the individual and, therefore, his/her Advisers. Presumably, if the individual forgets to 'opt out' and loses Enhanced Protection, as a result, the blame falls fairly and...

Question: Do we yet know the criteria that existing GPP's etc., will have to fulfill in order to be exempt from having to offer Personal Accounts?

Question: If an employer currently offers a stakeholder pension scheme to which the company make no contributions, will they have to offer personal accounts and contribute 3%?

Question: Has any decision been made about the affect of auto-enrolment on individuals with 'Enhanced Protection'?

Question: Will the 3% contibutions apply to all earnings including Shift Allowances, Bonus and Overtime?

Question: If a client already has a personal pension, independent of any employer scheme, and pays 5% of income into it. Will they, possibly on affordability grounds, have to redirect some of that premium into the new personal account at the expense...

Question: Is it true an employee who is compelled to have a personal account will still be a member of S2P as well?

Question: How will personal accounts affect existing pension provision? How can advisers prepare for 2012?