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NAPF urges Govt to change conditional indexation quickly

The NAPF is urging the Government to include legislation in the Pensions Bill to enable the quick introduction of changes brought about by the consultation on conditional indexation and risk sharing.

Chief executive Joanne Segars says the association welcomes the Government’s commitment to retaining quality defined benefit pension provision.

She adds that for NAPF members the most important thing the Government can do to ensure the future of this provision is to lighten the regulatory load, including greater risk sharing.

Segars says: “Any such move for new schemes and for future accruals in existing schemes will be an important step forward in ensuring the third of private sector defined benefit schemes that today are open to new members, stay open.

“The Government should not delay. There is a clear urgency to ease the pressure on defined benefit schemes because over the last few weeks the renewed stability in the defined benefit sector has come under threat.

“We urge the Government to consider taking powers in the current Pensions Bill to allow a swift legislative conclusion to the outcome of this consultation.”


80 per cent of taxpayers want IHT cut

More than eight of out ten taxpayers and businessmen want inheritance tax to be cut as part of any future tax reform. Over 70 per cent think the proposed 18 per cent capital gains flat rate is a bad idea and 84 per cent think stamp duty should be scrapped. But two-thirds back a tax […]

Living Time plans drawnup to meet primary advice

Living Time says its retirement product has been designed with the retail dis-tribution review in mind and could be sold under primary advice if the proposals are implemented.The product is an investment within a drawdown plan which provides guaranteed income payments for a set number of years or until the client reaches the age of […]

New Star pumps cash into property shares

New Star is to make a multi-million pound investment in property shares after selling at a loss its biggest holding in its £1.5bn UK property fund, the London headquarters of Commerzbank.Chief executive of prop-erty fund management Roger Dossett believes real estate shares are flattening out after an over-correction in the market at the end of […]

Enter the dragon

So all the lobbying by the Confederation of British Industry and the Federation of Small Businesses has paid off. Well, if you expect to make a capital gain from the sale of your business of less than £1m, that is. If you are likely to make more than that from sales of businesses in your lifetime, you will find that £1m is the cumulative lifetime limit and that the ordinary 18 per cent flat rate of capital gains tax applies above that, so this might not be seen as such good news by so-called serial entrepreneurs.

Japan 2017 Outlook: Abenomics 2.0

By Chris Taylor, head of Japanese Equities, Neptune Abe, having reinforced his political position domestically, will most likely hold off any further major policy enactments until after president Trump has settled into the White House and enacted some of his own. Then a relaunch of the Three Arrows programme is likely, or Abenomics 2.0, including […]


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