The Pep & Isa Managers Association (Pima) is lobbying the Treasury for individual pension accounts (...
The Pep & Isa Managers Association (Pima) is lobbying the Treasury for individual pension accounts (IPAs) to be replaced with a broader range of Isa products. These proposals, included in Pima's budget submission, include the introduction of retirement Isas and of an Isa allowance for children. Tony Vine-Lott, the new director general of Pima, has asked the Chancellor to repackage the IPA as a lifetime retirement Isa, arguing that the IPA is not as transparent or as flexible as an Isa. Under Pima's proposals assets invested would not be available for withdrawal until the specified reti...
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