View more on these topics

CP121 is caving in to power

CP121 confirms the destruction of one well-known maxim and endorses the accuracy of another. It used to be “those who can, do – those that cannot, teach.” Now those that cannot have a career choice – they can regulate.

The blatant capitulation of CP121 to the power players in the industry demonstrates the truth of “absolute power corrupts”. The pathetic arguments within CP121 condemn the FSA to being less principled than those it purports to clean up.

The recent publication of the FSA&#39s plan and budget 2002/03 highlights how much this charade is costing practitioners – and ultimately consumers.

Name and address supplied


Julian Gibbs

Eurolife has come up with an excellent Dublin-based income and growth plan offering 10 per cent a year over five years or a monthly income of 0.8 per cent. It is called the Investment Plus Plan.With interest rates likely to remain at low levels, this return is outstanding, especially as the downside risk is extremely […]


Members of approved occupational schemes, whose benefits are below the maximum allowed by the Inland Revenue, can consider a number of routes to increase their benefits.A contribution could be made to an in-house AVC or FSAVC. This would need to be within the aggregate maximum personal contribution of 15 per cent of remuneration, capped where […]

A pension crisis can be averted

A pension crisis is not a pension crisis simply because the national newspapers say so but the system is on the verge of one.Companies are converting to defined-contribution arrangements and often cutting contributions to boot. But what can be done?The phasing out of the dividend tax credit has hit home but its reversal is politically […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment