Ludgate recently teamed up with specialist magazine Financial
Adviser to take a regular look at parliamentary issues which have an
impact on IFAs. However, the relationship didn’t get off to an ideal
Ludgate’s contribution to the 4 November issue was a piece on
stakeholder pensions which suggested that those awaiting clarification
on stakeholder pensions ’will be looking forward to the completion of
the Financial Services and Markets Bill which is running into the next
This would be interesting if it were true. The clause that will
establish the stakeholder pension is in fact Clause 1 of the Welfare
Reform Bill, which is presently having difficulty getting through the
House of Lords, and has nothing to do with the Financial Services and
Ludgate managing director Stephen Lock says the error was not down to
his financial services team, but the fault lay with Financial Adviser,
which accepts it was down to excessive subbing.
Better luck next week.