Treasury

The government has given its backing to the Money Advice Service (MAS), in spite of growing discontent with the industry-funded operation within Westminster.

The Treasury was too slow in nationalising Northern Rock during the height of the financial crisis, one of its top civil servants has said.

A Conservative peer has urged the coalition to cut the Capital Gains Taxes (CGT), arguing it discourages savings and investment and drives funds away from assets with high returns.

The pick of this week's articles on IFAonline...

HOBAN

The government has promised it will only implement changes to tax legislation retrospectively in "wholly exceptional circumstances", after concerns were raised that it could damage the UK's reputation.

Difficult conditions in the income drawdown market mean some clients can now get more income from a standard annuity. Helen Morrissey looks at what this means for the industry

FATCA

The Pensions Income Choice Association (PICA) is today issuing a request for information to develop a directory of financial intermediaries.

A range of kitemarked simple products should be introduced to help restore consumer trust in the financial services industry, a Treasury-commissioned review has recommended.