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Attack on Government pension planning blight

The National Association of Pension Funds has attacked the Government for making creating a “planning blight” causing uncertainty in company pension schemes .

The climate of uncertainty is being created by the Government&#39s continued consultation on stakeholder pensions. The NAPF annual survey of 700 pension schemes revealed 72 per cent of money purchase company pensions still did know if they will register for stakeholder.

The figures also reflect employers&#39 reluctance to change schemes as only three per cent of pension plans have improved their benefits, compared with between seven and ten per cent over the last five years.

NAPF director general Ann Robinson says: “The government has created a planning blight” and they should “keep out of the business or come in and manage it properly.”


Small companies share ownership up

Smaller companies with less than £15m assets are embracing employee shareholding, according to venture capital company 3i.The 3i research showed 60 per cent of the smaller UK companies surveyed believe key staff should have share options. 59 per cent believe if the taxing of share options was more favourable, finding and keeping staff would be […]

Halifax online plans

Halifax is expanding its on-line banking service, which is being launched next Spring.The move follows what the bank&#39s chief executive Jim Spowart called a “complete review” of the venture.The service will offer current account transactions, personal loan, insurance, and investment products such as Isas. There are currently no plans to offer mortgages online.The new […]

The business is not enough

The proposed improvements to taper relief for business assets willprobably engender some excitement among business owners “with a view to asell” – to use Bond (that&#39s James, not investment) phraseology.But if business owners believe the improvement in taper relief adds to thecredence of the argument that “my business is my pension”, they should bereminded that […]

B&B group fights bank plans

An anti-demutualisation lobby group is trying to unite Bradford & Bingley staff to stop the building society from becoming a bank.Save Our Building Society is hoping it can bring 3,000 B&B staff together in support of seven pro-mutual resolutions. The resolutions will be presented at the societies annual general meeting in April next year.SOBS co-ordinator […]


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