'Lifetime allowance should be abolished,' says Swiss Re's technical manager
It was good to see no increase to the rate of insurance premium tax (IPT) on general insurance products. The pensions market will no doubt be happy that the Chancellor chose not to make any changes to pension taxation. The lifetime allowance will increase in line with the consumer price index (CPI). Our view remains that the lifetime allowance should be abolished or, at the least, lump sum insurance death benefits paid out of registered pension schemes should be taken out of the calculation....
Lisa de-Laune brings over 20 years' industry experience, having led risk, internal control, internal audit and change functions
The equivalent of £1.7m every day
Welcoming Andy Morris as finance director and Shirley Fell as operations director
Two million UK people estimated to have dementia by 2051