PTA rumours

While most industry figures do not wish to disclose details of meetings with the Treasury, it has been suggested intermediaries might be able to recommend a softer version of the product after the 2007 Budget. In particular, it is rumoured the Treasury may restrict tax relief to pure life cover which is not associated with mortgages or allow tax relief on a reduced sum assured. But even if this does happen, would IFAs trust the Treasury not to make another u-turn and have enough confidence to recommend PTA to clients? When tax relief on PTA was introduced last year, many advisers we...