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Pensions simplification will go ahead says Standard Life

Chancellor Gordon Brown is expected to proceed with pensions simplification after the National Audit Office has not fundamentally disagreed with the Government&#39s proposals, says Standard Life.

It believes that given the NAO failed to significantly challenge the Inland Revenue&#39s numbers, the Chancellor will push ahead with the full package of reforms.

Standard senior technical manager John Lawson says: “It would be very strange for the Chancellor not to ahead based on the conclusions in the NAO report. What this says is the new regime should go ahead and we expect it to do so.”


&#3959% of public would not buy an annuity&#39

Fifty-nine per cent of the population would not buy an annuity if they were not legally required to do so, according to research by Watson Wyatt. The survey of 3,500 people aged between 50 and 64 shows that 74 per cent say the principal reason for not wanting an annuity is the preference for flexibility. […]

Jupiter green guide faces up to big issues

Jupiter Asset Management is offering a free guide to green investment for investors who want to invest in companies that provide solutions to environmental problems. The guide will give investors further information on companies offering environmental solutions and how to invest. It provides examples of companies that Jupiter believes will get a competitive advantage by […]

FOS and lawyer split on IFAs&#39 views

The vast majority of IFAs are happy with the Financial Ombudsman Service and feel comfortable with its complaints&#39 handling process, according to research from the FOS. Its research shows that 85 per cent of IFAs feel they are able to challenge ombudsman adjudications within the organisation&#39s present framework. It also found that only 14 per […]

Ritchie advice fears over A-Day

Pension expert Stewart Ritchie is calling on the Inland Revenue to publish a detailed guide for advisers to avoid an advice debacle in the run-up to A-Day. In its response to the Inland Revenue&#39s pension simplification proposals, Scottish Equitable parent Aegon UK says there are serious risks for financial advice in the tight timetable before […]


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