PM response to ASP petition 'disappointing'

In its response to the petition, which closed on 31 March with 3,949 signatures, the Prime Minister’s Office reiterates “the government's policy is that tax-relieved pension savings should provide an income for life for the member, rather than being a means of passing on capital through the generations”. However, Neil Marsh, managing director of Hornbuckle Mitchell, says the response shows the Prime Minister has failed to address the basic unfairness of high tax charges levied on funds left from ASP. He says the response confirms Tony Blair “agrees with his Chancellor that it is totally ...