View more on these topics

Peter Hales – Sales and Marketing Director Norwich Union

This Budget is generally good news for the large majority of families, with the tax cuts, increases in children’s credits. This should realise a flow of funds that have the potential to be invested in long term savings, particularly pensions which is good news in the run up to stakeholder. The extension of the Isa limit is good news for product providers and consumers, which helps planning and gives consumers assurity for their savings.

The removal of the MFR must be treated with caution until the full implications are known, in particular how the Government intends to legislate to protect expectation of policyholders. However, the removal of MFR on gilts is inevitable in view of the Government’s position on debt repayments.

We welcome the tax credits for companies investing in environmental initiatives which should assist the number of socially responsible funds emerging.

The Treasury’s confidence in continued growth should create an environment for long term savings and equity environment.

Recommended

Annuity reform campaign disappointed

The Chancellor has dashed industry hopes of a review into the annuity market, over Treasury fears it would cost hundreds of millions to implement. In the Budget statement the Treasury says it has ruled out such a move after costing the alternatives proposed by interested parties including Dr Oonagh McDonald&#39s Retirement Income Reform Campaign. The […]

Taxing time over Friends Provident

Friends Provident is at it again! In June 1999, I arranged a with-profits investment bond with Friends Provident and in October our client received an invitation to an inheritance tax seminar from the society&#39s direct sales office in Fareham. |I wrote and protested to Friends Provident and pointed out that in this case it had […]

Stewart Ritchie – Pensions Development Director Scottish Equitable

Those who have thrown their hats in the air after the Chancellor’s MFR announcement should perhaps read the small print before they break open the champagne.The government’s decision to abolish MFR has a major sting in the tail. In order to make sure that defined benefit scheme members do not have their security reduced, the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com