View more on these topics

Broker Talkback

Do you think the Inland Revenue&#39s compulsory annuity purchase age of 75 is an infringement of human rights?

“Yes. I think it can be very inconvenient. It forces you to take an annuity when you might not want to.”

Andrew Gattward, Thameside

“Probably. But I can&#39t see the Revenue giving all that tax up without a fight.”

David Thompson, sole trader

“No. And this is not the right way to tackle this issue. IFAs should use lobbying bodies such as Aifa to achieve extending the age to reflect increasing mortality.”

Gregory McCrave, Ethical Investment Consultancy

“I&#39m not sure. Perhaps we ought not to have a cut-off date of 75 and the lobbying by the press and the industry will persuade the Government to review it.”

Colin Johnson, Colin Johnson (Yorkshire)

“Yes, It is out of date for one thing, isn&#39t it? We are all suffering because of the drop in rates. It is a priority that the Government do something about this.”

Derek Heaton, Kingswood Financial Services

“It is certainly something the Inland Revenue should look at. As IFAs, we talk to people about flexible retirement but placing compulsion on people takes the flexibility out.”

Philip Horton, Charterhouse Independent Financial Advisers

“Yes, someone of 74 does not have to buy one, so why should someone of 75?” Jim Kane, JA Kane Financial Services

“Yes. There is no real reason for it.”

John Langlands, Johnstone Logie & Millar

Recommended

PIA terminates registration of Leeds-based IFA

The PIA is terminating the individual registration of David John Watson, a former RI with Arthur Brown Insurance Brokers, of 1d Joseph&#39s Well, Hanover Walk, Leeds LS3 1AB. The PIA terminated his registration on the grounds that Watson is no longer fit and proper to conduct investment business.

Funds Direct – 7 Of The Best Isa

Monday, 19th March 2001.Type: Stocks and shares mini or maxi Isa.Aim: Income and growth by investing in unit trusts and Oeics.Minimum investment: £1,000.Maximum investment: £7,000.Catmarked: No.Investment choice: Investors choice of a maximum of 7 funds from approximately 1,300.Charges: None.Offer period: Until further notice.Commission: None.Tel: 08700 738393. 

Moore&#39s code

Gordon Brown must be fuming. Basking in the warm glow of the widespread praise he received on the back of his pre-election Budget, he gets bowled a prize googly by his friend&#39s, or should that be right honourable friend&#39s, wife. Perhaps that is a little unfair to Cherie Booth. She is, after all, a lawyer […]

Friends Provident – e-Ifa Protection

Wednesday, 21st March 2001.Type: Term assurance.Minimum sum assured/premium: None/£6 a month.Minimum-maximum term: 5 years-30 years or age 65 if sooner.Charges: None.Commission: Initial 10 per cent.Tel: 01722 311122. 

2015: a divergence in economic policy?

As the US continues to confound growth expectations and the eurozone’s ‘will they, won’t they’ saga has finally concluded, what are the implications for global markets? James Dowey, Neptune’s chief economist, puts forward his outlook for 2015 and the key considerations for investors.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment