View more on these topics

NAPF concern at Budget

The National Association of Pension Funds has attacked Chancellor Gordon Brown savings policies saying his recent budget has ensured the public will have a “long healthy and poor retirement”.

NAPF chairman Peter Thompson reiterated his call for FRS17 to be revised saying it distorts pension liabilities. Thompson is writing to the Financial Reporting Council voicing his concerns. He said FRS17 overstates the liabilities in pension schemes.

He also demanded an explanation as to why the UK accounting profession pushed ahead with introducing FRS17 when it is due to be superseded by an as yet unknown international standard.

Recommended

ECU Group opens up loan service to IFAs

Currency debt manager the ECU Group is offering its mortgage service to IFAs with the aim of helping their clients slash their loans by taking advantage of exchange rate movements.The service tries to reduce the balance of a mortgage by switching part of it to foreign currencies not performing as well as sterling, including the […]

Managerial incompetence

Like almost every other IFA in the land, I read with knowing sympathy John Morgan&#39s letter (Money Marketing, April 25).The current state of the financial services industry was mainly brought about by Catmarks, stakeholder and all the other ideas this Government seems determined to ram down the industry&#39s throat. But that is not the whole […]

Gap filling not abolition says Ilag

Gap filling is better than complete abolition of the current polarisation regime says the Investment & Life Assurance Group in its response to CP121.The trade body also says IFAs should be able to retain their current status whether they adopt the DP system or not.Ilag chairman Bill Tonks says: “The proposals in the CP do […]

IFAs&#39 tax advantage almost wiped out

The Chancellor created a very favourable tax environment for small limited companies in his Budget.I wonder if sole-trader IFAs like myself who now wish to re-register their businesses as limited companies are dismayed by the total time-wasting fiasco of having to re-apply from scratch to join the FSA, incurring another £2,000 fee which wipes out […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment