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Pensions limit increased to £1.8m by 2010 – A-day put back to 2006

Chancellor Gordon Brown says the lifetime limit for pension saving will be increased from £1.4m to £1.5m in its first year of operation and rising to £1.8m in 2010.

The Chancellor says the new pensions regime will come in in April 2006 and not April 2005 as previously planned.


Momentum welcomes removal of benefit in kind tax on pensions advice

Momentum Financial Services pensions specialist Mark Stopard says the group is particularly pleased that the Chancellor has decided to remove the benefit in kind tax charge where an employer pays for pensions advice for their workforce up to £150 per employee per year.Stopard says: “This removes a significant disincentive for pensions advice in the workplace […]

&#39Switch over to sell income protection&#39

The industry needs to turn its focus towards selling income protection, says Bright Grey product director Roger Edwards. Speaking at last week&#39s Health Insurance Conference in London, Edwards questioned whether a new version of critical-illness cover is needed or whether the current model just has background issues that need repair. He concluded that, no matter […]

Medical blunder

Further to the letter in connection with Norwich Union&#39s failure to provide cover for an IFA, I thought you would be interested to see that it is not only IFAs that it fails (Money Marketing, March 4). A client of mine has a joint-life, second-death policy for £500,000 with Norwich Union and completed the appropriate […]

Call our hotline for a fair deal

Money Marketing is aiming to compile a list of the worst offenders among financial companies on admin. You can phone our reporter John Greenwood on our admin hotline 0207 943 8049 or email to say which companies have given you problems and why. We will be taking up the worst cases and asking the […]


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