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Contact Us MT Financial News - August 2010
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
Coalition to remove annuity requirement
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The coalition government has published a consultation paper on annuity reform, which sets out necessary changes to the tax rules in order to fulfil its Budget pledge to scrap the need to buy an annuity by the age of 75 from April 2011. |
EU proposes greater protection for savers
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The European Commission has issued proposals which would enable savers to receive €100,000 (£84,000) of their deposits within seven days if their banks collapsed. |
Savers hit by NS&I changes
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National Savings and Investments (NS&I) has dealt investors looking for the potentially higher returns of index-linked products a blow by withdrawing its saving certificates. |
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