The Association of British Insurers (ABI) says total ISA limits should be increased, stamp duty on shares removed and UK corporate tax rates lowered in a bid to improve financial security and savings levels in the UK.
The proposals, which also include ensuring Personal Accounts do not undermine existing pension provision, form part of a raft of measures the ABI says the Government should implement in its next Pre-Budget Report (PBR). Its suggestions have been collated in a paper - 'Safeguarding the future: protecting consumers and promoting UK business' Reduced savings and increased debt, limited Government resources and coping with living longer post retirement are the issues the ABI says have sparked it into action. It says insurance “is a business” and “can only succeed if shareholders continue to ...
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