Happy new year?

As we ring in the new year, the protection industry faces another year of challenges and opportunities. The topic likely to be on most intermediaries and providers' lips will undoubtedly be pension term assurance (PTA). While most people will have recovered from a boozy New Year's Eve, the hangover from last year's PTA debacle lingers on. The proposed changes set out in the Pre-Budget Report, indicating that tax relief on PTA may be scrapped, have caused major havoc in the industry with insurers pulling out of the market and IFAs trying to get their heads around what exactly is going on...