Surfing the Sipps new wave
The UK pensions market is in for a massive shake-up next April when new legislation to encourage saving for retirement comes into force. Some dealers believe this will create major opportunities for structured product desks, but not everyone is getting on board. By John Ferry
Pensions shortfalls are one of the biggest challenges facing governments in the West. People are living longer, but they are failing to put away enough money during their working lives to fund their retirement. However, steps are now being taken to address this issue. The British government, for example, is looking at the possibility of raising the retirement age for the current generation of young workers. Meanwhile, more immediate measures are being implemented that are designed to encourage
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