IMA launches pre-Budget wish-list

Simplicity and lower taxation are the key themes of the Investment Management Association's lobbying paper released today ahead of chancellor Gordon Brown's pre-Budget statement due next month. To start with, the association says changes should be made to ensure tax rules covering collective investment schemes are made fair over the long term given the prospects for significant regime change being urged by Sandler and others. It says that Individual Pension Accounts should be made into portable wrappers rather than schemes, and that ISAs and PEPs should benefit from an extensi...