For immediate release: 17 March 1998
AUTIF WELCOMES CHANCELLOR'S PLANS
The Association of Unit Trusts and Investment Funds today welcomed
the plans for Individual Savings Accounts announced by the Chancellor
in his Budget statement.
Philip Warland, the Association's Director General commented:
"The Chancellor's plans will allow a smooth transition from PEPs
and TESSAs to ISAs and will help to build a savings culture right
across the nation. We are particularly pleased that the Government
have recognised the important part that PEPs have played, and
ISAs can play, in people's planning for retirement."
The Association will continue to discuss with the Inland Revenue,
the Treasury and the Financial Services Authority the details of
the regulations for ISAs.
For further comment please contact:
Philip Warland, Director General, AUTIF, 0171 831
0898
Anne McMeehan, Director of Communications, AUTIF, 0171 831 0898
Sheila Nicoll, Director of Legal & Fiscal, AUTIF, 0171 831 0898
|
