Access to insurance products is a key priority for the next steps of the government's financial inclusion strategy, according to a report published today by Ed Balls MP.
Concerns have been raised about the future of pension term assurance, following comments from Ed Balls stating the government "will act" when a regime is not in accordance with its pensions tax relief principles.
A straw poll of IFAonline readers is predicting the next government will spring a u-turn on all pensions changes recently announced.
Hopes that HM Treasury may soften the charges around Alternatively Secured Pensions (ASP) have been boosted by evidence included in a Treasury Select Committee report.
Ed Balls has potentially given the pensions industry hope tax charges on Alternatively Secured Pension could be reduced, claims AJ Bell Group.
Winterthur has denied accusations of being inflammatory towards the Treasury over the issue of Alternatively Secured Pensions.
Andy Bell, managing director of A J Bell, has sent an open letter to Ed Balls challenging him to rethink the changes to the alternatively secured pension rules proposed in the Pre-Budget Report.
Commission-based remuneration must remain available if the industry is going to help close the savings gap, says IFA firm Positive Solutions.
Ed Balls MP is calling for a more "comprehensive and preventative" approach to advice through wider access to unregulated or 'generic' financial advice.
The government may not have the option of withdrawing a person's right to hold an alternatively-secured pension as doing so could risk prosecution for religious discrimination.