View more on these topics

Introduction Of Stakeholder Pensions

Although the new stakeholder pension contracts will not be introduced until 6 April 2001, and employers will not be required to offer access to a stakeholder scheme to their employees until October 2001 it is likely that the sales campaign for stakeholder pensions will develop as tax year 2000/2001 progresses. The Government are making more and more information available concerning the terms applicable to stakeholder pensions and the first schemes may register with OPRA as stakeholder schemes from October 2000.



It is likely that all employers (whether they have made existing pension provision for their employees or not) will need advice on the new stakeholder provisions and that a good deal of pre-selling will be undertaken especially once the first schemes have been &#34stakeholder registered&#34 after October 2000.

Recommended

Brown fields property market with safe hands

On the face of it, Budget 2000 has done very little for or to the housing market. The proposed consultation process on the development of brown field sites seems interesting and in need of further investigation. In particular, I would like to know the measures that Gordon Brown would like to see to help bring […]

NICs and Unapproved Share Option Gains

Much publicity has been given to the fact that NICs are charged on gains arising when share options are exercised outside an Inland Revenue approved scheme and the shares are readily convertible into cash. Many e-commerce and high tech companies offer their employees substantial share options as part of their remuneration package. While employers can […]

Egg launches fund supermarket

Egg has launched its online fund supermarket to its 940 000 customers promising to give cash back and rebates on initial fees up until April.The loss leading enterprise is thought to have cost tens of millions of pounds to create and opens four months later than scheduled.The move takes Egg into the intermediary market with […]

Group Relief Rules

The group relief rules for companies will be modernised to allow groups and consortia to be established through companies resident anywhere in the world. The changes are intended to respond to the increasing globalisation of business and will give multinational groups of companies greater flexibility in structuring their commercial activities in the UK. The changes […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment