Winterthur denies alienating HMT over ASP

Both Mike Morrison, pensions strategy director at Winterthur Life, and Andy Bell, managing director of the AJ Bell Group, yesterday called for the government to rethink the changes to ASP it announced in the Pre-Budget Report, which could see members being taxed up to 82% on any fund left over when they die. However following yesterday's comments including the announcement of Bell’s seven-page letter to Ed Balls MP, the Economic Secretary to the Treasury, John Lawson, head of pensions policy at Standard Life, suggested some of the commentary being directed at the Treasury would only be co...