News
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29.07.2010 - No fixed retirement age from October 2011
The Government is planning to scrap the default retirement age in the UK from October 2011.
Under the proposal, employers would not be allowed to dismiss staff because they had reached the age of 65...(read more)
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28.07.2010 - In support of a 'negative income tax'
It will be a real improvement if the coalition seriously gets to grips with tax simplification. As a first step Her Majesty’s Revenue & Customs is calling for views on how the Pay As You Earn system of tax collection can be made more efficient for millions of taxpayers...(read more)
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28.07.2010 - Pensions Regulator must tackle unfair incentives with new rules
Updated guidance from The Pensions Regulator (TPR) on incentives given to transfer people out of final salary schemes will affect advisers as much as trustees and employers...(read more)
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27.07.2010 - Treasury consults on raft of tax reforms
The Treasury has launched a raft of nine tax consultations including one addressing pension tax relief and inheritance tax (IHT)...(read more)
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27.07.2010 - Treasury proposes tailored recovery charge for pensions
The Treasury wants to replace the 40% recovery charge with a tailored system to ensure that no reliefs are given on pension contributions above the annual allowance...(read more)
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27.07.2010 - Mark Hoban responds to your questions
Mark Hoban has answered your questions on the future of the RDR, the FSCS and whether the FSA should be answerable for its actions...(read more)
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26.07.2010 - Treasury proposes removing FSCS cross-subsidisation
The Treasury has proposed breaking up the Financial Services Compensation Scheme (FSCS) in order to eliminate the cross-subsidisation by different business types...(read more)
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26.07.2010 - Cable proposes regional stock exchanges
The business secretary Vince Cable has proposed regional stock exchanges in a bid to enable small and medium-sized businesses to attract capital...(read more)
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26.07.2010 - CPMA to 'adopt' FSA policies; RDR to stay
The Consumer Protection and Markets Authority (CPMA) will follow the same strategy as the Labour-built FSA it is set to replace, the Treasury says today.
David Cameron's cabinet has also confirmed previous announcements the new body will continue with FSA initiatives including the RDR and Mortgage Market Review...(read more)
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26.07.2010 - Financial Secretary to the Treasury launches consultation on the implementation of financial regulation reforms
The document sets out detailed proposals for reform of the financial services sector, first announced by the Chancellor in his Mansion House speech on 16th June 2010.... (read more)
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