Providers push Treasury to simplify pension/ISA transfers

In a letter seen by IFAOnline, Hargreaves Lansdown, Friends Life, Suffolk Life, Pointon York, LV= and AJ Bell have stressed the need for change to tax rules on transfers. The letter comes after the Treasury promised to work on supporting simpler, more flexible workplace savings. Over the last fortnight, the Treasury has held talks with industry figures to discuss the possibility of creating a link between pensions and ISAs. Currently, to transfer assets between different vehicles such as pensions or ISAs an investor must sell their assets, move the money received into the new vehic...