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Fading away: Is the MAS being erased from Treasury thinking?

23 October 2014 8:30 am | By Samuel Dale

Now the Treasury has excluded the Money Advice Service from its pensions guidance plans, is there any point in the quango carrying on?


TSC slams FSA for Co-op failings but clears Treasury

23 October 2014 8:00 am | By Samuel Dale

The TSC says there is no evidence the Treasury interfered in the sale of Lloyds Banking Group branches.

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Andrew Tyrie

TSC presses Govt to abolish approved persons regime for advisers

23 October 2014 8:00 am | By Samuel Dale

The FCA says it would have preferred to extend the scheme to all regulated firms.

Caroline Wayman

FOS chief hits out at 'outrageous' insurer complaint stats

23 October 2014 | By Samuel Dale

Financial Ombudsman Service chief executive Caroline Wayman says she is worried about adviser perceptions


Experts slam 'crazy' Steve Webb plan to unwind annuities

23 October 2014 | By Samuel Dale

Pensions minister Steve Webb wants to unwind existing annuity products before the Budget

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Govt urged to conduct wholesale auto-enrolment contributions review

23 October 2014 | By Tom Selby, Sam Brodbeck

The Government is considering ditching the link between the automatic enrolment earnings trigger and income tax next year

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Tyrie slams 'appalling' EU behaviour in bank bonus row

22 October 2014 5:00 pm | By Samuel Dale

The EBA wrongly claimed the UK voted to criticise gaming of the bank bonus cap.


PRA warns big regulatory fines put firms at risk of failure

22 October 2014 3:26 pm | By Samuel Dale

PRA chief excutive Andrew Bailey says US fines are posing a risk to financial stability.

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Govt minister says lenders are acting against 'spirit' of MMR

22 October 2014 11:59 am | By Samuel Dale

Lord Dick Newby says the FCA should review how the MMR is working for older borrowers.

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Boost growth by handing tax powers to cities, says thinktank

22 October 2014 8:40 am | By Natalie Holt

Commission chaired by Jim O’Neill finds economic growth could be boosted by £79bn a year if UK cities could decide their own tax and spending policy.

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'Time is running out': ABI presses Treasury for more guidance details

21 October 2014 3:31 pm | By Samuel Dale

he Government has published a list of amendments to the Pension Schemes Bill today.


TPAS estimates 25% take-up of pensions guidance next year

21 October 2014 11:54 am | By Samuel Dale

TPAS set out details of how it will deliver pensions guidance from next April.

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Govt reveals tough new sanctions for pensions guidance fraudsters

21 October 2014 10:38 am | By Tom Selby

Anyone caught impersonating the Government’s “guidance guarantee” risks being hit with a fine or a jail sentence.

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MP George Mudie to quit TSC after 13 years

20 October 2014 4:00 pm | By Samuel Dale

MP George Mudie has sat on the committee for more than a decade.


All mortgage transactions on hold as BoE hit by technical problems

20 October 2014 2:22 pm | By Samuel Dale

Technical problems have seen the Bank shut down a key system affecting mortgage transactions.


Advisers call for MAS to be scrapped after pensions guidance snub

20 October 2014 11:40 am | By Samuel Dale

The Treasury has axed the Money Advice Service from delivering pensions guidance next year.

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EY Item Club predicts growth to slow next year

20 October 2014 8:50 am | By Sam Brodbeck

UK economy is predicted to grow by 2.4 per cent in 2015.


EU threatens Bank of England with legal action over bankers’ bonuses

20 October 2014 8:46 am | By Devraj Ray

UK banks are continuing to pay “allowances” to bankers, despite calls from the EU to include such payments in the bonus cap.


Treasury axes MAS from delivering pensions guidance

18 October 2014 8:00 am | By Samuel Dale

The Pensions Advisory Service and Citizens Advice will deliver the guaranteed guidance sessions.

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Experts slam 'crazy' Steve Webb plan to unwind annuities

17 October 2014 4:13 pm | By Samuel Dale

Pensions minister Steve Webb wants to unwind annuity deals agreed before the Budget.

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Experts pour cold water on proposal to scrap NICs

17 October 2014 2:00 pm | By Sam Brodbeck

A think-tank’s proposal to combine National Insurance and income tax is laudable but likely to be thwarted by lack of political will.

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Govt excludes 'defined ambition' schemes from 0.75% pensions charge cap

17 October 2014 12:34 pm | By Tom Selby

DWP confirms it plans to press ahead with a 0.75 per cent price ceiling for workplace schemes in April 2015.


Bank of England signals delayed interest rate rise

17 October 2014 9:42 am | By Samuel Dale

Bank of England chief economist Andrew Haldane is “gloomier” on UK economic prospects.


PRA chief attacks 'misguided' EU bank bonus cap

17 October 2014 8:32 am | By Samuel Dale

PRA chief executive Andrew Bailey delivered his keynote speech to senior bankers last night.


Experts blast 'nightmare' Labour plan to block buy-to-let homes

17 October 2014 8:16 am | By Samuel Dale

National Landlords Association says the move to stop landlords could scare away investors.

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Does Osborne's 'guidance guarantee' need a mass awareness campaign?

16 October 2014 11:00 am | By Samuel Dale

Labour says the Legal & General guidance pilot should act as a “warning” to the Government.

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Australian pensions chief warns of Budget 'disaster'

16 October 2014 9:56 am | By Sam Brodbeck

The chief executive of the Association of Superannuation Funds of Australia has warned the Budget reforms could be a “disaster waiting to happen”.

Caroline Wayman

FOS chief hits out at 'outrageous' insurer complaint stats

16 October 2014 9:06 am | By Samuel Dale

Financial Ombudsman Service chief executive Caroline Wayman says she is worried about adviser perceptions.

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Labour would allow councils to ban buy-to-let on new homes

16 October 2014 8:14 am | By Samuel Dale

Sir Michael Lyons’ report into housing for the party is targeting 200,000 new homes a year by 2020.

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Govt urged to rethink 'corrosive' auto-enrol earnings rules

15 October 2014 3:00 pm | By Tom Selby

Policymakers are facing calls to rethink the way automatic enrolment contributions are calculated after experts raised concerns the current method penalises low earners.

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Govt moves to close flexible annuity recycling loophole

15 October 2014 1:33 pm | By Tom Selby

Flexible annuities will be subject to a lower annual allowance of £10,000.

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Savers given new admin headache when they access pensions

15 October 2014 1:33 pm | By Tom Selby

Experts have branded Government plans to load new administration burdens onto pension savers in the wake of the Budget reforms “unworkable”.


Govt considers freezing auto-enrol earnings trigger

15 October 2014 11:30 am | By Tom Selby

The Government is considering ditching the link between the automatic enrolment earnings trigger and income tax next year.

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Govt cuts tax-free cash 'recycling' limit to £7,500

15 October 2014 10:41 am | By Tom Selby

The Government will further cut the amount of pensions tax-free cash that can be “recycled” following the Budget reforms under plans laid before parliament yesterday.

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David Cameron hints at raising IHT threshold

15 October 2014 8:48 am | By Samuel Dale

Cameron has previously hinted he would like to repeat the 2010 Tory election pledge to raise the threshold to £1m.

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UK inflation falls to 1.2% in September

14 October 2014 9:41 am | By Sam Macdonald

The ONS says the fall in the Consumer Prices Index was driven by dips in transport costs and a range of recreational goods prices.

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Osborne to create new flexible pension withdrawal option

14 October 2014 8:48 am | By Tom Selby

Chancellor George Osborne will today confirm plans to create a new pension withdrawal option that allows savers to use their fund in a similar way to a bank account.

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Labour demands more Treasury details on end of pensions 'death tax'

13 October 2014 10:19 am | By Samuel Dale

Chancellor George Osborne has come under fire for his “shambolic” handling of the abolition of the pensions death tax.


Salmond wants FCA to investigate RBS threat to leave Scotland

13 October 2014 8:20 am | By Samuel Dale

First minister Alex Salmond has accused the Treasury of breaching insider trading rules.

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Experts warn of pensions 'car crash' next year from low guidance take-up

10 October 2014 2:40 pm | By Samuel Dale

Legal & General saw just 2.5 per cent of those contacted take up an offer of free pensions guidance.

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