It must feel almost as if not a week can go by without someone calling for higher rate tax relief on pensions to be scrapped. 0
This week it is the turn of the Treasury select committee calling for the equalisation of tax relief on pensions. It also suggests scrapping the lifetime ISA and removing the lifetime allowance – replacing it with a more restrictive annual allowance - something that might just be popular with advisers.
What is a lacking in the coverage is any consideration of just how likely it is that the Treasury itself will embrace these suggestions. This would be quite a controversial move among Conservative backbenchers. The answer is that it is difficult to say. The committee is usually very influential but perhaps less so when it comes to policy recommendations like this. At the same time, Chancellor Philip Hammond must be looking for new sources of revenue.
Baroness Altmann says that advisers will need to hold clients’ hands through the Brexit process.
Morningstar reveals the ten funds hit worst by the fall in the Facebook share price.
Aegon has called on the FCA to prioritise DB transfers in its consultation on professional indemnity insurance suggesting that advisers may prevented from advising clients otherwise.
M&G’s Anne Richards is to become CEO at Fidelity. The FCA has called for industry input on the PRIIPs regulations given very clear concerns from advisers and indeed the regulator itself.
The Pensions Policy Institute has released a report looking at the implications of people living until they are 100. The report suggests that “not enough people have seriously considered what this would mean for them, for their families, their work, their finances and their lifestyles.”
Britain is facing a sitting epidemic among other challenges suggests Corporate Adviser.
Employers can take significant steps to reduce the damage physical inactivity can cause their organisation’s productivity says Nuffield Health charity director and primary care medical director Dr Davina Deniszczyc.
