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Shriti Vadera resigns as small business minister to join G20

Baroness Shriti Vadera has resigned from her position as small business minister to become a full-time adviser to the G20.

Reports suggest Vadera will promote Gordon Brown’s aim of turning the G20 into a global economic government.

She will split her time between London and Seoul, advising on the handover from the British to the South Korean G20 presidency.

The Independent says her appointment is an attempt by Brown to ensure that global cooperation on economic matters becomes a permanent feature.


Sipp-to-sipp transfers

Rules are rules and exceptions to them generally create anomalies. Take the current situation with mortgaged properties being transferred from one Sipp provider to another.

Altmann says personal accounts should be halted

Pensions consultant Ros Altmann says the delay to the implementation of auto-enrolment offers an opportunity to rethink the personal accounts scheme altogether.

Altmann says the whole policy should be put on hold while a proper re-assessment is conducted and says personal accounts have the potential to make pension provision worse rather than better in future.


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