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Is Treasury turning?

Brokers and providers that offered pension term assurance have been in suspended animation since the pre-Budget report crippled the product.

Yet the latest rumblings from the Treasury suggest that PTA may not be facing extinction.

It is understood to be consulting over proposals to allow people to take out PTA if they self-certify that they have some form of pension provision.

The proposals are also thought to include building in a maximum sum assured capped at 30 per cent of the current 1.5m lifetime allowance, which would allow consumers to take out up to 450,000 of cover tax free.

Could we see a U-turn in the Budget in March?


LibDems slam public sector pensions

The top 300 civil servants have combined pension pots worth £250m, according to research from the Liberal Democrats.LibDem Shadow Work and Pensions Secretary David Laws says the disparity between pensions accrued in the public and private sector is absurd and highlights the need for fundamental reforms.He says £16bn is paid in taxes each year to […]

Fidelity’s all-terrain vehicle

Fidelity’s new Multi-Asset Strategic Fund aims to perform in all market conditions and fund manager Trevor Greetham explains his investment strategy

Standard Life sets up Fundzone platform

Standard Life is to take on FundsNetwork and Cofunds with the launch of its new fund supermarket badged FundZone.FundZone, which launched this week, will effectively replace Standard’s Sigma platform and sit alongside its wrap proposition.Sigma was launched in 2004 and offers around 100 funds from 16 managers. It will remain open to business but new […]


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