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My PFS - Technical news - 24/05/16

26 May 2016
Personal Finance Society news update from the 11 May to 24 May 2016 on taxation, retirement planning, and investments.    Read more »

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Members get access to a range of benefits, including quality CPD and discounts on CII exams.

Reform of the rules on the taxation of chargeable event gains on part surrenders »

At the March 2016 Budget, the government announced its intention to change the tax rules for calculating chargeable event gains on part surrenders and part assignments for value under life assurance policies.  The problem here is that under the current chargeable event system, chargeable event gains can arise which are disproportionate to the policy's underlying economic gain.  Following this announcement, HMRC has released a consultation document looking at ways in which the current position can be improved.

Deflation threat creates opportunity »

At the March 2016 Budget, the government announced its intention to change the tax rules for calculating chargeable event gains on part surrenders and part assignments for value under life assurance policies.  The problem here is that under the current chargeable event system, chargeable event gains can arise which are disproportionate to the policy's underlying economic gain.  Following this announcement, HMRC has released a consultation document looking at ways in which the current position can be improved.

What is value for Money? »

Independent Governance Committees (IGCs) have been with us for a year now. They are required in respect of workplace group personal pension plans and fill a gap that would otherwise be filled by trustees of an occupational pension scheme. They are designed to offer protection to members who have little practical knowledge of what is 'on offer'. The Office of Fair trading identified problems in the market including a weak demand side and potential for conflicts of interest.

Recent additions to the CII library »

A list of recent book purchases by month, from May 2012 onwards. To view these and print collection, please visit the library catalogue. Most of these books can be borrowed by CII members, and a postal service is available. For further information, please contact the library at knowledge@cii.co.uk or call 0207 417 4415/3574.

Insurance Institute of London

The Insurance Institute of London (IIL) aims to raise the levels of professional knowledge of those working in insurance in London and assists members in their career development and supports the role and work of the CII. Podcasts, videos and lecture notes from past IIL lectures are available on this site.


IIL lectures »

Policy and Public Affairs

The CII is committed to enhancing the reputation and standing of the insurance and financial services sector. To support this, Policy and Public Affairs produce material covering a wide range of subjects including UK and European regulation, industry developments, legislation and regular public affairs updates.


Policy research »