The Inland Revenue must publish the final changes to its pension simplification paper before the end of the month if A-day 2005 is to become reality, warns Steve Bee.
Bee, who works for Scottish Life as head of pensions strategy, believes the proposed date for implementation of the new legislation, 6th April 2005, could leave IFAs with too little time to advise all their clients about the changes if the full details are not published immediately following Gordon Brown's Budget announcement on Wednesday. If full details are delayed any further, Bee says, "we would have serious concerns that the timescales for implementation envisaged by Government are not realistic and could cause problems for us and our clients". New pension legislation coming int...
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