ILAG calls for delay to implementation dates

clock

Implementation date for some of government's proposals - which are expected to come into effect by April next year - should be postponed to give way to more urgent matter such as the pension simplification paper, says the Investment and Life Assurance Group.

Call for further delays comes as the ILAG believes the different government departments should show more consideration to other regulatory changes taking place. The Inland Revenue's pension simplification proposal should, for example, come into effect as soon as possible as the new legislation is very important. That said, the Revenue's latest plan is just one of the changes now proposed to come into effect on April 2005 - the very same date has also been coined the A-day of changes such as: Reform of polarisation Regulation of mortgages and general insurance Child Trust Fund...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA urged to prioritise a 'common sense' approach

FCA urged to prioritise a 'common sense' approach

Last week’s PA Asks poll highlights industry’s thoughts on the FCA

Sahar Nazir
clock 25 March 2024 • 2 min read
Advisers overlooking younger clients over asset value bias

Advisers overlooking younger clients over asset value bias

'Young people need to have access to trusted advice'

Sahar Nazir
clock 22 March 2024 • 1 min read
Financial advice crucial as near-term challenges remain

Financial advice crucial as near-term challenges remain

'A good IFA has rarely been more valuable'

Ahmed Bawa
clock 22 March 2024 • 4 min read