PTA u-turn hits IFAs

The national IFA firm, owned by Aegon Group, has hit out at the Government’s plan to remove tax relief on PTA which was revealed as part of the December 6 Pre-Budget Report. As a result of what Positive Solutions has dubbed a ‘total botch’ by the Government, many advisers describing the change to current and pending new clients have been forced to backtrack due to what it believes is poor information streams from the Chancellor. While the proposed change is effective for policies entered into after December 6, HM Revenue and Customs later clarified pipeline policies applied for by that da...