Painting a fuller picture on RIBA's pension advice
We were disappointed that Ed Dorrell chose not to relay all the information we had given him with regard to the RIBA's position on pensions ('RIBA fails to advise members as pensions crisis takes hold', AJ 16.1.03). This important subject deserved a more accurate report of the statements made by the RIBA.
The RIBA stated that the provision of advice on personal finance and pensions is a highly specialist activity. Such advice should be provided by qualified and registered independent financial services advisers (rather like advice on building design should be provided by qualified and registered architects).
The RIBA does, on the other hand, as we told the reporter, offer a pension affinity scheme which has been advertised widely to members during the past two years. Charles Stanley & Co, an FSA firm, administers the RIBA Stakeholder Pension Scheme exclusively for RIBA members and their practices, and provides advice on pensions and other personal finance matters to members. Members requiring advice on pensions should contact Charles Stanley on tel 0238 038 1801 or email riba@charles-stanley. co. uk, or their local FSA.
Baz Dickson, director, RIBA Professional Services and Keith Snook, director of practice