Treasury

The proposals in the Department for Work and Pensions' White Paper are likely to differ very little from the National Pensions Saving Scheme (NPSS) proposed by the Pensions Commission, IFAonline has learnt.

The Treasury has said there is no conflict between the Markets in Financial Instruments Directive (MiFID) and commission rebates, in contrast to concerns raised by the Association of Independent Financial Advisers (Aifa).

The Capital Tax Office and the Treasury are still unable to agree on how inheritance tax (IHT) will apply to pensions eight weeks before A-Day, IFAonline has learnt.

The Pep and Isa Managers' Association (PIMA) has asked the government to support transitional arrangements for the regulation of pensions, to allow consumers to take immediate advantage of A-Day flexibility.

A Treasury consultation on the regulation of sipps is scheduled to close next week, but pension expert John Lawson queries whether the Treasury will drop its plans following the U-turn on residential property and prohibited assets in self-invested pensions....

Jo Smith, consultant at Teamspirit, explains exactly what the pre-Budget report means for pensions ahead of A-Day as well as the implications and remedies now for both clients and intermediaries.

LLOYDS TSB said it would set aside an additional £300m provision this year to partially cover the cost of paying compensation for endowment mis-selling, reports the Times .

FIGURES OUT next month are expected to show more British businesses than ever before are cutting dividends because they need cash to cover black holes in their pension funds, according to the Times .

What a mess! Just as we thought the public was finally talking about pensions, the government does a u-turn and leaves the industry to tell consumers they can't put residential property directly into a self-invested personal pension after all.

STANDARD LIFE has wasted up to £3.5m gearing up for aspects of new pensions legislation scrapped just four months before they were set to come into force, according to the Scotsman .