Press Release
CII pioneer financial sector Thinkpiece series
29 May 2008
The CII Group today publishes the first in a new series of opinion papers written by industry experts aimed at providing thought leadership, generating debate on the burning issues within the finance sector and helping guide members through the latest regulation.
The first paper is by one of the UK’s top experts on pension planning and Professional Pensions Personality of the Year for 2007 and 2008, Dr Ros Altmann, who warns that the Government’s proposed Money Guidance service might not work for giving retirement savings advice and might actually pose dangers for personal accounts. This will be followed by Hugh Price, head of business litigation at solicitors Hugh James, and Mick McAteer, consumer advocate and director of the Financial Inclusion Centre, completes the launch series.
CII President Lord Hunt welcomed the introduction of the Thinkpiece series and looks forward to offering this platform to experts from varying backgrounds and experience: “This is another example of how fresh thinking and thought leadership are characteristic of the CII’s attempts to improve the profile and reputation of the sector.”
David Thomson, the CII’s Director of Policy & Public Affairs, says the Thinkpiece initiative is an exciting new part of the CII’s ongoing commitment to promoting new ideas within the financial sector: “Thinkpieces will provide an excellent platform for members and external stakeholders to debate controversial issues of the day, and at the heart of these debates will be issues of public interest and concern.”
Each Thinkpiece contributor will be free to express their opinion, unhindered from any editorial interference, and in her paper, Ros Altmann argues that the government’s proposed new money guidance scheme will fail to give the best ‘advice’ for long-term retirement provision. Hugh Price examines the new and potentially radical rules now being proposed for further streamlining of the case tracks and claims process, whilst Mick McAteer identifies why and how people are failing to make necessary provision for increasingly longer old age, and how the insurance industry must also address this if it wants to benefit from any product opportunities.
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