Treasury

A group of senior politicians and pension providers have called on the Financial Services Authority (FSA) to review the impact the retail distribution review (RDR) will have on pension provision.

MISSING MONEY

The potential reform of pensions tax relief could provide several opportunities for advice.

Deputy prime minister Nick Clegg and Treasury secretary Danny Alexander will meet with David Cameron and George Osborne today to demand more tax on high earners' pensions.

The Liechtenstein Disclosure Facility (LDF) has been extended by one year to 5 April 2016 after some 2,000 people with money invested in the tax haven came forward.

A eurozone meltdown would plunge Britain back into a two-year recession and send unemployment soaring above 10%, the Institute for Fiscal Studies (IFS) has warned.

The Treasury has again rejected calls to allow more alternative investment market (AIM) shares in individual savings accounts (ISAs).

HM Treasury is pressuring the US government to "carve out" low-risk institutions from FATCA, ahead of a draft paper due this week.

The Treasury today published the Financial Services Bill, which when passed will enshrine the new regulatory structure in law.

Advisers have given the Treasury's simple products initiative a tentative thumbs up while recognising that the financial services industry is overly complicated.