Turner Report could be chance for fund managers to get piece of the pension pie

The Turner Report may have received mixed reviews from the myriad of commentators and analysts who h...

The Turner Report may have received mixed reviews from the myriad of commentators and analysts who have picked it apart but for fund management groups it could represent a chance to claw a chunk of the massive pool of pension money away from life groups. Such a move would undoubtedly add a positive competitive force to pensions provision in the United Kingdom, a trend already exhibited in the rise of Sipps. Furthermore, as Sir Malcolm Rifkind's proposals for savings and retirement accounts (Sara) that could be managed as easily as an Isa, gather both pace and cross-party support it looks...