Treasury

A national approach to generic advice should cover a wide range of financial issues and questions including offering "advice on advisers", says the government.

Winterthur has denied accusations of being inflammatory towards the Treasury over the issue of Alternatively Secured Pensions.

The article published on IFAonline on 20th November contains some misconceptions about the Citizens Advice Bureau (CAB)/IFA pro-bono projects to which we would like to respond to.

The Treasury and HMRC have confirmed customers who applied for pension term assurance policies on or before 6 December will be treated in the same way as those whose policies have already been issued.

The Treasury has announced changes to the board of the Financial Services Authority, including the appointment of two non-executive directors.

The House of Lords have criticised the Treasury for producing "over-optimistic" forecasts which is making it "more difficult than it needs to be" for the Bank of England to set interest rates.

Following Wednesday's Pre-Budget Report announcement on the review of PTA, a host of adviser comments are still rolling in criticising the government and questioning what firms should do for clients with "pipeline" cases.

The Treasury is changing the rules governing the status of friendly society investment plans so policyholders are not penalised if the business is transferred to another insurance company.

Financial advisers have reacted angrily to the government's decision to review the rules around the sale of standalone life cover with tax relief, otherwise known as pensions terms assurance (PTA.

Several protection providers have already pulled out of the pension term assurance market this morning and more are expected to do so later today, following comments in the Pre-Budget Report suggesting the product was being misused.