Salary sacrifice may well hit more people than expected according to Office for Budget Responsiblity research prompted by a request from Lane Clark & Peacock partner Steve Webb.
He asked them to look at the figures in light of a likely behavioural response from employers.
Among other things, the OBR assumes that a large proportion of increased employer costs will be passed on to employees estimating that around 76% of the employer impact will be passed through, mainly via lower wages, which would affect workers below the £2,000 threshold. Worth a read in full of the Money Marketing story to consider the possible permutations.
There are clearly some debates to be had about targeted support but some in the protection sector see an opportunity to make the case for its inclusion.
The recent interim market study has left the door open to extending targeted support to protecton, argues the Protection DIstributors' Group's Roy McLoughlin recognising that fully regulated advice has its limits. He speaks to FTAdviser.
A very good piece from Amanda Newman Smith in Money Marketing looking at adviser strategies in the event that they themselves are made redundant. A lot is devoted to the tactics to use on LinkedIn which makes a huge amount of sense.
But it does beg the question are advisers likely to be caught up in things if unemployment does rise?
Swedish financial planning outfit Söderberg & Partners has started up a restricted network in the UK targeting SJP advisers. Citywire New Model Adviser has the scoop. Some prospective network members have been flown to Sweden.
Tavistock CEO Brian Raven says he is still holding out for mediation between the firm and Titan, as the expensive spat kicked off by an MPS partnership cancellation continues. But he also says he is not going to back down in the £30 million claim.
Citywire New Model Adviser, which is very good at this sort of story, reports.
