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New report puts pressure on Inland Revenue to release remaining pension simplification regulation
New report puts pressure on Inland Revenue to release remaining pension simplification regulation
Xansa
13 Apr 2005 United Kingdom Scheme Issues & Trends, Pension Reform, Industry Bodies (excl. Regulatory Bodies), Administration
 According to the report, Britain's life insurance industry is under a great deal of strain as it attempts to meet the 6 April 2006 deadline to implement the Government's new pension simplification plans. One of the major problems faced by the industry is the fact that the Inland Revenue has not yet issued all the regulations that will govern the new pension simplification regime, which adds a large element of uncertainty into the planning process of most life insurance companies.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Apr 2005 or click here (this link will not work in all circumstances). For further information about Perspective click here.

452925B6   Click here to contact the authors.
 

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