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Menu will not acheive goal if &#39over-engineered&#39 – ABI

ABI head of pensions and savings Chris Kenny says the reforms should allow the savings industry to operate within a more competitive and transparent market. But will make it easier for the consumer to shop around not only for the best product, but for a deal where they know and understand how much financial advice will cost them.

He says: “We fully support the principles of disclosure. We are pleased to see that there will be further consultation on the details of the &#39menu&#39 because it will not achieve it&#39s goal if it becomes over-engineered. We need to study today&#39s proposals to be sure they work fairly across all channels and look forward to continued discussions with the FSA and other stakeholders”

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Liberal Democrat work and pensions spokesman Steve Webb has slammed the Government for failing to produce accurate figures to assess the scale of the problem of pension scheme wind-ups. Speaking at the Opposition half day debate on pensions Webb used estimates from independent consultant Ros Altmann and the Pensions Action Group that indicate there are […]

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Anna is concerned about the capital gains tax position on her house when she sells it. She is currently living abroad, having left the UK to be with her husband. They married soon after leaving the UK. She has been letting her house since they went abroad. She intends to sell it in due course […]

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