THE GOVERNMENT could boost pension saving by £2.1bn a year if they offered small employers a tax credit to pay for financial advice for workers, insurers will tell work and pensions secretary David Blunkett on Thursday, says the Times .
New ABI director-general Stephen Haddrill suggests a workplace advice credit should be introduced and targeted at small businesses. The credit would cost the Government around £100m a year, suggests the ABI in its “blueprint for change”, but would allow companies to claim back half the cost of providing a set amount of financial advice to each employee. MEMBERS OF THE AITC are threatening to withdraw from the trade body for apparently failing to prevent the prospect of FSA regulation on the sector, says this morning’s Scotsman. A commentary article revealing behind-the-scenes discu...
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