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Seller&#39s packs could be delayed by looming conflict

The threat of war with Iraq could delay the Government&#39s timetable for seller&#39s packs due to be reintroduced to Parliament in March under the Housing Bill, warns Legal & General.

Director (housing marketing) Stephen Smith believes it will be difficult for the Government to meet its commitment in last November&#39s Queen&#39s Speech that the bill will be debated in this Parliamentary session.

He argues that the UK legislative agenda in general could be affected as the Government has to debate Iraq which could lead to its plans, such as those for the housing bill, slipping from this session.

Even without these potential delays, Smith says the Government is still under significant pressure to train 7,000 extra surveyors to complete home condition reports, which are compulsory once the packs are introduced in 2005 or 2006.

Smith says: “There is an issue of where surveyors are going to come from to carry out the huge number of reports.” Office of the Deputy Prime Minister spokeswoman says: “The Housing Bill is due to be introduced to Parliament in March. We have not been making plans for a delay.”


Don&#39t wait for the Green light

I understand the Government has issued a Green Paper on pensions. Is there anything in it that should change our mind with regards to the proposed transfer of my wife and myself from our self-administered pension scheme to a self-invested personal pension? The situation today is that, after a great deal of reorganising, we have […]

77% of advisers not looking to multi-tie

Most IFAs are not considering multi-tying following the abolition of polarisation.The State of the IFA Nation poll found that 77 per cent of advisers would not consider multi-tying their business despite FSA proposals allowing firms to split their business between tied and independent.More than half of the 23 per cent who claimed they would seek […]

HSBC sells Fof range via branches

HSBC is offering three funds of funds through its high-street branch network.It claims to be the first high-street bank to offer a fund of funds service to customers.The funds will be rolled out to IFAs in early spring.The three options available are growth, income and global growth.The bank says the funds of funds are designed […]

Simply Biz Support firm struggles to get PI cover for members

IFA support services group Simply Biz, which was launched by DBS founder Ken Davy in December last year, has been unable to find PI cover, stalling plans to offer cover to all member firms as part of the package.The situation means that eight firms cannot make the final jump to being full Simply Biz IFAs […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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