It had been initially reported that the settlement amounted to 130,000 dollars a-day
but former Italian Premier said the figure, with arrears, was double that.
This was on the proviso that the application was made to HMRC within three years of A-Day
, the deadline being April 5, 2009.
Collins Stewart insurance analyst Tim Young dismissed the group's strong sales figures as being merely down to the A-Day
overhaul of the UK's pension market.
We estimate 95% of people have made no changes to their arrangements post A-Day
Since Operation DESERT STORM in 1991, there has never been a "Shock and Awe" first strike that compares to the large-scale magnitude of Operation IRAQI FREEDOM A-day
on the evening of 21 March 2003.
The implementation of the company's A-Day
strategy resulted in total pension sales of pounds 5.
It was expected that the fervent activity before A-day
would be followed by a period of subdued interest and stabilisation of values, but the market has maintained its momentum especially for industrial units up to 10,000 sq ft.
APRIL 6 next year has been branded A-Day
- a time when pension changes may result in business owner-occupiers becoming near-extinct, warns property investment specialist Assetz.
Will Self, managing director of Stratford-upon-Avon-based Self Chartered Financial Planners, issued the warning as next year marks the third anniversary of the so-called A-Day
, the massive pensions shake-up that came into force on April 6, 2006.
But critics say the so-called A-Day
reforms have not delivered.
Chief executive Sandy Crombie said the company's prospects remained strong as A-Day
rule changes earlier this year encouraged people to save for retirement.