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Leaman to leave ABI

The Association of British Insurers director of corporate affairs Alan Leaman is set to leave the trade body in the summer to head up the Management Consultancies Association.

Leaman, who been at the ABI for seven years, was instrumental in the trade body’s unsuccessful lobbying attempts to try and force the Government to change the taxation of insurance bonds in response to this year’s capital gains tax reforms.

The ABI was calling on Alistair Darling to tax investment bonds at 30 per cent instead of 40 per cent to put them on a more level playing field with mutual funds, which would be subject to the new 18 per cent flat rate. But Darling went ahead with his original plans.

The ABI has not yet found a replacement for Leaman.

Director general Stephen Haddrill says: “I’d like to thank Alan for the excellent contribution he has made to the ABI’s success over the last seven years, and in particular for his support and guidance in his recent role as director of corporate affairs. His appointment to that position was testament not only to his skills in co-ordinating the ABI’s political and media strategies, but also to his wider managerial abilities in running several key ABI teams. He will be missed by all at the ABI, and we wish him all the best for his exciting and challenging new role.”


No gain without pain

The bonds versus collectives debate continues to rage. Understandable focus is on the capital gains tax changes, including the abolition of indexation allowance, the abolition of taper relief and, of course, the introduction of the 18 per cent flat rate.


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