Emergency Budget Updates

Following changes announced in the 2010 Emergency Budget, the PPOL suitability report solution has been updated as follows:

• The Capital Gains Technical Notes have been updated to reflect the fact that capital gains tax will rise to 28% for higher rate tax payers
• All of the relevant Financial Product Notes have been updated to reflect the change in capital gains tax
• All of the pension sections have been updated to reflect the fact that the Government intends to scrap compulsory annuitisation from April 2011, and pending implementation of the necessary changes, from 22 June 2010 the age threshold will rise from 75 to 77

As part of our commitment to continuously improve the Paraplanning Online software and ensure it remains the leading and most innovative Suitability Report writing solution available on the market place; the following additional updates and enhancements have also been applied to reflect compliance directives, industry trends and the valued feedback we have received from you, our customers.

• The Mortgage Technical Notes have been revised and updated to reflect changes in the mortgage market
• The Risk Warnings regarding Unsecured Income have been updated to reflect compliance feedback
• All of the standard financial strength ratings and company descriptions have been reviewed and updated