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Taxing time put in focus for pensions

Intermediaries will have the chance to discuss the impact of the Inland Revenue&#39s tax proposals on the financial services sector at Money Marketing Live in Manchester this month.

Mike Brown, head of business development, Sipps division at Abbey National for Intermediaries, will look at the pension tax regime after April 2005 and warns that in the run-up to A-Day, advisers cannot afford to ignore section 32.

He will explain the potential pitfalls for intermediaries advising controlling directors or high-earners to take a simple transfer to a personal pension plan as that could significantly reduce their tax-free cash sum or death benefits, which could lead to a compensation claim from a dissatisfied client.

The show is taking place at Manchester&#39s G-Mex on September 23 and includes an area dedicated to pension products. The Money Marketing Pensions Arena will also feature Hornbuckle Mitchell managing director Neil Marsh, who will be discussing the impact of pension simplification and the Inland Revenue&#39s proposed changes on SSASs and Sipp schemes. He will be looking at contribution levels, investment in commercial property and loans, pension benefits, and death benefits, comparing the current regimes against the proposals, and discussing the action required before A-Day.

Independent pensions expert Ros Altmann will discuss whether Government proposals are heading in the right direction. She will also focus on the role of the IFA on pension take-up and the pooling of advice, products and purchasers.

The Money Marketing Pensions arena at Money Marketing Live will offer intermediaries access to the latest developments and pension products, providing practitioners with critical insight on how to ensure the future prosperity of their business.

In the main conference, NAPF director of benefits David Astley will take part in a debate on the impact of Department for Work and Pensions proposals and the Inland Revenue&#39s tax plans on the pension market. Delegates will be able to put their questions about pension investment to the panel that also includes Scottish Life head of pensions strategy Steve Bee, Stewart Ritchie of Scottish Equitable, Standard Life senior technical manager John Lawson and Cicero Consulting chief corporate counsel and director Iain Anderson.

Visitors to the arena will be given advice on how pension options can be systematically researched and selected with choices justified via a comprehensive audit trail and suitability report. Synaptic corporate business development manager Brod Whiting will identify how to minimise the amount of resource spent on administration and increase the amount of time available to spend with clients.

To find out more about the Money Marketing Pensions Arena Live at Money Marketing Live phone our 24-hour hotline on 0870 2467762 or visit our website at


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