View more on these topics

Tories host summit to thrash out ASP and PTA U-Turns

Shadow Financial Secretary to the Treasury Mark Hoban is hosting a summit at the House of Commons tomorrow to discuss the Government’s Pre-Budget changes to ASPs and PTA.

The summit will be attended by representatives of the insurance sector, financial advisers and other pension specialists.
Hoban says: “It is time the Government recognised the level of opposition to the changes announced in December to Asps. This summit brings together people in the pensions sector who want the Treasury to re-think their plans.”
He adds: “The announcements came just months after A-Day introduced a new simpler pensions tax regime and have added to the complexity and instability of the pensions system. If we are to encourage people to save for their retirement we need a stable predictable regime, not one that is tinkered with in every Budget and Finance Bill.”

Recommended

Costs make IFAs reluctant to use discretionary managers

The need for IFAs to outsource stockpicking is increasing butIFAs are still being put off using discretionary fund managers by cost and loss of control.The claims were made at a GE round-table debate in London last week where IFAs and fund managers discussed GE Life research on discretionary fund management. The research suggests that wider […]

Kaszczak joins Lehman Brothers

Lehman Brothers has appointed former RBS stalwart Louis Kaszczak as its intermediary business development executive. Kaszczak, who quit as head of corporate distribution at RBS Intermediary Partners last October, will work across Lehman’s three mortgage brands.

OFT warns firms over non-compliant IVA ads

The Office Fair Trading has warned 17 firms promoting Individual Voluntary Arrangements that it considers their adverts and websites potentially mislead consumers. This follows a compliance sweep undertaken by the OFT in November of 124 adverts in national newspapers and 57 websites promoting and marketing IVAs. Some of the claims made about IVAs were considered […]

Direct action

In October 2006, we took the big step of exiting our network to be directly regulated by the FSA. We were advised to expect problems as application forms were difficult to complete and to expect delays of up to three months. We were also expecting to deal with a faceless conglomerate. What a surprise, therefore, […]

1

MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment