Treasury

The mortgage industry must consult internally on what lessons can be learned from the summer credit crunch, according to Jon Pain, chairman of the Council of Mortgage Lenders.

Property authorised investment funds (PAIFs) are to receive level tax treatment with REITs, according to a Treasury Discussion Paper.

Chris Cummings, director general of trade body AIFA, has met with the Economic Secretary, Kitty Ussher.

A joint 500-page response from the FSA, Treasury and Government Actuary's Department has delayed the Parliamentary Ombudsman's report into the collapse of Equitable Life until at least the end of the year.

Economic Secretary Ed Balls will be the key note speaker at the Association of IFAs annual dinner, the organisation has confirmed.

There have been some interesting legal decisions recently which have affected the rights of couples, be they married or cohabitees, and could potentially lead to changes in the way finances are managed and advised on.

All intermediaries should soon be able to advise clients to hold term assurance policies beyond the age of 70 as it is anticipated a rule governing their regulation at sale could be removed as early as the end of this week.

Gordon Brown has refused to apologise for the decision to abolish tax credits on dividends which is estimated to have cost occupational pension schemes around £5bn a year.

Many Eastern European countries, including the Baltic States and Russia, have adopted a flat tax system. The theory behind flat taxes contains two main arguments. First, by having a single rate of tax, the system is simple; people understand what they...

The pensions industry has been left disappointed by the Prime Minister's response to a petition calling for the abolition of the 70% tax charge on funds left from Alternatively Secured Pension.