Stewart Ritchie on SMPI

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Stewart Ritchie, director pensions development, Scottish Equitable Sir, In the 9 August Investment...

Stewart Ritchie, director pensions development, Scottish Equitable Sir, In the 9 August Investment Week there is a report headed 'Investors pay little notice to SMPI advice'. The text makes clear that researchers found almost two thirds remember receiving their Statutory Money Purchase Illustration (SMPI), a third said they have increased the amount they are saving for their retirement and a little under two thirds said in future they will increase the amount they are saving. I chaired the working party of actuaries and civil servants that produced the SMPI blueprint and, if you had of...