6.1 A number of respondents to the FSMA Two-Year Review consultation proposals suggested that any new exemption relating to the promotion of employer pensions in the workplace should also cover share saver scheme and share incentive plans.
6.2 Article 60 of the Financial Promotion Order already provides an exemption for promotions relating to employee share schemes. We consider that this exemption should already cover all of the (HM Revenue & Customs approved) mainstream share saver schemes and share incentive plans, but we would welcome views on whether these exemptions are working effectively, and we would be open to consider whether any extensions would be desirable.
Chapter 1 Extending Employers Freedom – Introduction
Chapter 2 Responding to the Consultation
Chapter 3 FSMA Two-Year Review Exemption
Chapter 4 Pensions Promotions to Employees
Chapter 5 Promoting Insurance Products
Chapter 6 Employee Share Schemes and Plans
Chapter 7 Partial Regulatory Impact Assessment
Chapter 7A Options – Legislate or Not
Annex A Current Pensions Exemption
Annex B Current Insurance Exemptions
Annex C Proposed New Legislation
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