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Decisions - Pensions up in smoke.

Europe Intelligence Wire

| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

Byline: Anthony Harrington.

One of the great ironies of the Inland Revenue's pensions S'Simplification' initiative, which kicks in on 6 April 2006 (universally Sknown as A-Day), is that simple it ain't.

The new rules sweep away boatloads of old rules but, in the process, Screate a significant number of additional wrinkles that will have pensions Sconsultants, companies and individual employees at a range of salary Slevels scratching their heads for some time to come.

Jonathan Camfield, Inland Revenue Simplification specialist at actuaries SLane Clark & Peacock, warns that the change affects far more than just ...

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