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Abbey delighted with Treasury decision

Abbey National says it is delighted that the Treasury has listened to feedback from lenders as well as consumer bodies in deciding to extend regulation to mortgage advice. Managing director (retail banking) Andrew Pople says the move means lenders will not be put in the “uncomfortable position” of being responsible for the guidance provided by mortgage brokers. He says the Treasury&#39s decision is in the best interests of both consumers and the industry.

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Julius and EU responsible for decision says FSA

The FSA says the decision to regulate mortgage advice is a result of a recommendation from Bank of England economist DeAnne Julius.The move to regulate general insurance advice comes as a result of pressure from the European Union according to the regulator.DeAnne Julius made a powerful case for mortgage advice to be regulated in her […]

Scot Mut launches family trust to tackle inheritance tax

Scottish Mutual is launching a family trust that allows personal pension holders to cut their inheritance tax bills. The Spousal By-pass trust allows death penalties payable from personal pensions policies to be held for the benefit of the family member, whilst reducing the charges to inheritance tax.Scottish Mutual taxation and trust specialist Neil MacGillivray says: […]

Pressure valves

I am in my mid-40s and am self-employed.I am married and my children are in private education. At present,I have a range of savings and pension funds but I am looking for advice on how to plan for my business over the next 12 months and also over the medium term. How would you suggest […]

20% will invest in stakeholder for their child

More than a fifth of parents are likely to take out a stakeholder pension for their children, according to a new survey from Legal & General.The findings indicate that parents favour stakeholder because it allows them to make provision for their children&#39s future rather than making funds readily available to them.Fifty-seven per cent of the […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]

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