The Investment Management Association IMA is urging the government to the enhance pensions and savings and make funds in the United Kingdom more competitive.
The Investment Management Association has also called for the government to increase the limits on individual savings accounts and child trust funds to be in line with inflation. They have also suggested the abolishment of stamp duty and stamp duty reserve.
Our view
The IMA do not want much do they? We agree with the need for a rethink on ISA Individual Savings Accounts limits but as to the need for tax incentives for pension and investment funds, we suggest this is not needed for pension funds and is only really needed to attract more overseas funds to locate in the United Kingdom.
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