Financial Secretary Stephen Timms said research by the Association of British Insurers had shown 40% of employers felt inhibited from promoting their schemes by the current financial promotion regime.
Speaking in Commons exchanges, he said: ‘We are proposing an exemption from the regulations for employers so that they can provide advice to employees on their pensions without having to be regulated by the FSA.’
He said he hoped to announce the outcome of a two-year review before Christmas and put the regulations in place by the Spring.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements