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Lib Dems: Treasury got £1.4m numbers wrong

The Liberal Democrats have lashed out at the Chancellor following the release of today&#39s National Audit Office report into the £1.4m lifetime contribution limit for pensions.

Lib Dems pensions spokesman Lord Matthew Oakeshott has said even though Gordon Brown “rigged” his own question, the result shows twice as many will be affected by the cap than the Government contended.

He says: “Even on Gordon Brown&#39s own rigged and narrowly defined question, twice as many people are effected as the Treasury initially said.

“When assessing the impact of the pensions lifetime allowance, it&#39s not enough to only look at the amount of extra people affected. A look at the total number of people affected in the next few years shows the truer, bigger picture.”


Pru portfolio planner goes on line

Prudential has launched its new Prudential Portfolio Planner into the IFA market The online tool uses stochastic modelling to help IFAs prepare investment recommendations for clients and includes features such as creating a customer risk profile. The risk profiling is followed by a series of questions as part of the needs&#39 analysis, covering growth or […]

Baring Asset Management – Baring Directional Global Bond Trust

Type: Unit trust Aim: Growth by investing long and short in Government bonds and money market instruments Minimum investment: Lump sum £1,000 Investment split: 100% in bonds and money market instruments Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.75% Commission: Initial 3%, renewal subject to negotiation Tel:020 7214 1900

FSA takes menu on the road

The FSA is holding a series of roadshows for providers and advisers to help them understand the major reforms that will take place with implementation of the menu for the retail advisory investment market. The roadshows are aimed at trying to demonstrate how the approach will bring greater transparency to financial services and will focus […]

Warning that staff face jail over laundering

Thousands of financial services staff risk prison or heavy fines for breaches of laws they do not know they are committing, according to consultancy Wide Learning. The firm says 37 per cent of financial services staff have had little or no training on compliance, 23 per cent do not know who their money-laundering reporting officer […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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