Treasury

Firms which apply to operate personal pension schemes will be given ‘interim permission', even if their application has not been approved when regulations come into force.

The Conservatives have welcomed a ruling forcing the Treasury to disclose information on the removal of tax credits on dividends.

THE FIRST OFFICIAL review of the Financial Services Authority since it was created will be announced today by the Treasury's Economic Secretary, reports The Times .

THE NEW HEAD of the Pension Protection Fund will encourage companies to use swaps to manage their pensions promises, The Times has learnt

GORDON BROWN has decided against forcing millions of families to rewrite their wills, says the Times , and backed away from his controversial Budget measures unveiled in March.

The Financial Services Authority (FSA) has confirmed it will apply the Markets in Financial Instruments Directive (MiFID) to out of scope firms, including IFAs, where it is appropriate and proportionate.

The Treasury has denied media reports it proposed a pension compromise plan to offer earnings-related pensions to those over the age of 75.

IFAs can apply for an optional exemption from the Markets in Financial Instruments Directive (MiFID) but this does not mean they will escape the Directive's effects, according to Stephen Hanks, economic adviser at the Treasury.

Chancellor Gordon Brown would have narrowly missed his own golden rule on fiscal policy, had he not changed the economic cycle, according to the Treasury Select Committee.

The Treasury has announced details of its financial inclusion programme which it says it aimed at addressing the barriers to accessing mainstream banking products and sources of affordable credit.