Clear need for change

On the 9th March 2009 A J Bell wrote open letters to the Chancellor of the Exchequer and the Shadow ...

On the 9th March 2009 A J Bell wrote open letters to the Chancellor of the Exchequer and the Shadow Chancellor. One of the aims of this was to explore the arguments for change on the taxation treatment of residual ASP funds on death. A simple client scenario can only add to the existing well-established arguments. On 1 October 2007 the FTSE 100 closed at 6,506.20. On the 18th May 2009 it closed at 4,446.45 - a fall of almost 32%. The majority of clients invested in Unsecured Pension (USP) who are considering ASP will have some element of stock market exposure. The yield applying to the ...