Stifling innovation

letters

Ellen Crabtree, freelance financial services marketing consultant Sir, If the Revenue tries to ta...

Ellen Crabtree, freelance financial services marketing consultant Sir, If the Revenue tries to tax products using the Barclays 'Simple' structure as income, it will signal yet another contradiction to the Government's aim of increasing long-term savings. It will also probably sound the death-knell for those types of products, stifling innovation and reducing consumer choice. When I was a marketing manager in the life insurance industry, we often jokingly referred to the Compliance Department as the sales prevention department, but in reality it can be the lawsuit prevention departme...