NAPF urges Chancellor to abolish stamp duty on share dealing

The National Association of Pension Funds (NAPF) has asked the Chancellor of the Exchequer Gordon Brown, to abolish stamp duty on share transactions. NAPF urged Brown to use his Budget speech as an opportunity to restore confidence in saving for retirement. Peter Thompson, NAPF Chairman said: "Despite the need to save more for a longer retirement, there is plenty of evidence that companies and individuals are actually reducing the amount they put into pension saving. On Wednesday the Chancellor has a unique opportunity to restore confidence in the pension system." Other...