Finance Act fails to sparkle

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Royal Assent of the Finance Bill last week failed to grab industry attention because many people are still waiting for additional details in the Pensions Bill, say pension experts.

According to Scottish Life Head of group communication Alasdair Buchanan, the Royal Ascent given on 22 July is nothing to get excited over. Scottish Life head of pensions strategy Steve Bee is only cautiously optimistic. He says the Act "should put an end to all the speculation of what’s what as far as the detailed implications of the changes will or won’t mean. "I say ‘should’ there because I’m well aware that when we finally get our grubby hands on a copy of the Finance Act, it will almost certainly be as difficult to read as the Finance Bill was." Experts' first ‘job’ will th...

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