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Should occupational and personal pension plans have the same single tax regime?

“Yes, I would like to see it happen but, with the way they complicate things, they would probably come out with something entirely different and confusing.”

John Dixon, John Dixon Financial Services

“Yes, the whole pension system is so staggeringly complicated these days, it takes a genius to figure out what is going on. Anything they can do to make it simpler would make sense.”

Mark Wilkins, Equity Financial Planning

“Yes. There are some discrepancies between the amount that people can contribute between the two plans. It is unfair.”

Steve Danson, SFD Independent Financial Advice

“Yes. There should be because it would just make life a lot easier for everybody.”

Henry Simpson, Simpson Financial Planning

“Yes because two pension regimes are more complicated than is necessary.”

Michael Forward IFA

“Yes. If people are contributing to their pension, they should be taxed in the same way across the piece.”

Paul King, Foreman Bassett Insurance Brokers

“Yes. It would be fairer for everybody who has a pension that way.”

Peter Hamilton-Lesser, Hamilton-Lesser & Co

“Yes. To make it a level playing field would be better.”

Arthur Temlett, Abacus Insurance Consultants

“Yes, I think it would be a good idea. Anything that simplifies pensions would be an improvement on what they have at the moment.”

Geoffrey Wilkes, Geoff Wilkes Financial Services

yes 100%


Fear of multi-tie migration

IFA Promotion considers the CP121 proposals will disadvantage consumers because they fail to distinguish between different sorts of authorised financial adviser and will result in some IFAs going multi-tied.In its response to CP121, IFAP warns that the proposals contain no distinction between distributors advising on the whole market and multi-tied distributors.It believes that multi-tie agreements […]

WPA takes flexi route to PMI

Western Provident Association has introduced flexible health, an individual private medical insurance (PMI) plan that allows policyholders to upgrade and downgrade cover as their circumstances change.The plan is based on standard cover, which includes in-patient and day-patient treatment, limited out-patient treatment and additional benefits such as nursing at home. The standard cover can then be […]

Subsidy to continue as IFAs pay £1m levy

Product providers are set to continue the 85 per cent cross-subsidy of IFAs&#39 costs from the Financial Services Compensation Scheme, leaving advisers facing a bill of only £1m.In a joint statement from Aifa and the ABI, expected in the next two weeks, the two bodies will announce the res-ults of negotiations which have been ongoing […]

The data dilemma

Two weeks ago, Focus Solutions published some interesting research on the services being offered by life office websites. But the names of the life offices were not revealed.The reason for carrying out the research was, no doubt, to help draw attention to its web-based version of Goal: Proposal to submit business electronically to life offices.This […]


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