FSAVCs may be affected

PIA update 64 should be considered when selling FSAVCs pre-stakeholder Sun Life and Scottish Equitable are recommending intermediaries selling free-standing AVCs (FSAVCs) do so in line with PIA rules on selling personal pensions pre-stakeholder. Both think there is a high chance that FSAVCs will be judged in the same category as personal pensions when it comes to selling the products in the run-up to the introduction of stakeholder. The stakeholder consultation paper concerning taxation may have serious knock-on effects on existing pensions arrangements. On the surface the taxation paper...