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Parallel win for Tories

The Opposition has scored apropaganda victory against the Government on

parallel membership of stakeholder and other pensions.

The Conservatives, prompted by the pension industry, tabled an amendment

in favour of concurrency to the Child Support, Pensions and Social Security

Bill at the committee stage in the Lords this week.

The Government lost the vote but is expected to reversethe amendment. The

Government wants partial concurrency – a halfway measure expected to

involve an earnings&#39 cap.

Lord Astor of Hever moved the amendment. He says: “I feel we have achieved

something. I have been approached by innumerable industry sources who

support concurrency and want me to keep the pressure on the Government.”

IFA Andrew Forsey (pictured above) is in a first-class fight with the

Royal Mail.

He wants to keep his postal address as Bath but the Royal Mail is planning

to change the address of villages to more local names.

Forsey is heading an action group and has posted his concerns on the

internet. He says he fears the effects it may have on businesses in the

area. The main complaint is that Royal Mail did not consult widely on its

plans.

Forsey says: “We might be able to reverse this decision. We are upset we

were not told this was happening. The Royal Mail&#39s code of conduct seems to

be like the mortgage code in that it has no teeth.”

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