And finally...some good news

The move to cut the annual allowance for tax privileged pensions to £50,000 was at the upper end of what most experts had been predicting. The consultation paper had suggested between £30,000 and £45,000, so the decision reached by the Treasury was broadly welcomed by the industry. Although the implementation of RDR will march on regardless, it has been good to see MPs taking an interest in the impact it will have on advisers. Tory MP Harriet Baldwin has secured a debate over the issue of regulation on Wednesday in Westminster Hall. While it is unlikely to have any effect, the fact it is...