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Govt agrees £8m MyCSP stake sale

2 October 2014 8:54 am | By Devraj Ray

Government will today announce sale of 11 per cent stake to Equiniti, taking its stake in the organisation to 51 per cent.


Steve Webb backs 'pension passport' reform

2 October 2014 8:48 am | By Tom Selby

Pensions minister Steve Webb has backed calls for a “pension passport” to be introduced to improve the information savers receive from providers.

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Has Osborne's 'death tax' reform dealt fatal blow to annuities?

2 October 2014 8:30 am | By Sam Brodbeck

Is the Government being irresponsible by incentivising drawdown over guaranteed income?

Comments (6)


FCA: We came under 'massive' political pressure over Co-op/Lloyds deal

1 October 2014 2:40 pm | By Samuel Dale

FCA director says the regulator is under political pressure “all the time” and it would “ratchet up” towards the election.

Comments (9)


Conservatives pledge to raise 40p income tax threshold to £50k

1 October 2014 2:00 pm | By Sam Brodbeck

A Conservative government would raise the threshold for the 40 per cent income tax rate to £50,000, up from its current level of £41,900.

Comments (5)


Treasury hits back over 'death tax' annuity criticism

1 October 2014 1:03 pm | By Tom Selby

Beneficiaries of people who died before the announcement on 29 September will be able to ask their scheme administrator to delay the payments.

Comments (4)


Treasury reveals thinking behind end of pensions 'death tax'

30 September 2014 11:24 am | By Samuel Dale

Treasury minister David Gauke explains the debates within the department over the tax cut.

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Govt extends pension ‘death tax’ reforms to value protected annuities

30 September 2014 10:27 am | By Tom Selby, Sam Brodbeck

Proposals to cut the 55 per cent “death tax” on inherited pensions will be extended to value protected annuities but not standard annuities or scheme pensions.


Treasury cools talk of pensions tax relief reform

30 September 2014 10:13 am | By Samuel Dale

Tory Treasury minister David Gauke opens up faultline with coalition partners over pensions tax relief.

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Tory MPs call for FCA vigilance over fresh wave of pension scams

30 September 2014 8:42 am | By Samuel Dale

Conservative MPs are concerned about how con artists may evolve following pension freedoms.

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Osborne creates confusion over pension 'death tax' abolition

29 September 2014 2:53 pm | By Sam Brodbeck

Chancellor says changes to death tax will take effect immediately but new rules only apply from April.

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TSC member: RDR impact comes at 'wrong time' for pension reforms

29 September 2014 11:43 am | By Samuel Dale

Conservative MP Mark Garnier tells the Tory conference that the RDR has had a bad impact.

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Tories target first-time buyers with scheme to cut house prices

29 September 2014 8:26 am | By Samuel Dale

David Cameron pledges to give a 20 per cent discount to first-time buyers if Conservatives win the general election.

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Osborne to cut 55% pensions 'death tax'

29 September 2014 8:18 am | By Samuel Dale

Chancellor will abolish tax that applied to untouched DC pension pots left by those aged 75 or over.

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Ukip wants to scrap inheritance tax

26 September 2014 3:28 pm | By Samuel Dale

Ukip economics spokesman calls for an increase in VAT to 25 per cent on luxury goods.

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Ukip pledges to slash public spending in Scotland

26 September 2014 3:12 pm | By Samuel Dale

Ukip says Scotland must take the “rough with the smooth” to remain part of the UK.

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Ukip calls for new 35p income tax band in radical reform

26 September 2014 1:24 pm | By Samuel Dale

Ukip has set out its plans for radical reforms of income tax at its annual conference in Doncaster.

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Government announces new Rent to Buy scheme

26 September 2014 11:54 am | By Devraj Ray

£400m Government initiative will offer tenants discounted rents for seven years before giving them the opportunity to purchase their new-build home.

Comments (2)


Lloyds sells second chunk of TSB for £161m

26 September 2014 10:48 am | By Michael Berry

The placing of 57.5m shares at 280p each was brokered through bookrunner UBS Investment Bank and will be completed on 1 October.

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Just how ready is the industry for Budget guidance?

26 September 2014 10:01 am | By Natalie Holt

What needs to be done between now and April to deliver a workable service?

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Disaster avoided? Insurers dodge huge independence costs but devolution looms

25 September 2014 8:30 am | By Pamela Morris, Sam Brodbeck

But experts say extra complexity could be a boon for advisers.

Comments (2)


Miliband plans tax rises to pay for NHS spending

24 September 2014 9:35 am | By Samuel Dale

Labour leader Ed MIliband will raise tax revenue from tobacco firms, hedge funds and expensive homes.

Comments (28)


Labour sets out concerns over Budget pension reforms

23 September 2014 11:26 am | By Samuel Dale

Labour has come under pressure from internal critics of the Government’s pension reforms.

Comments (2)


MAS chief raises concerns over adviser ethics

23 September 2014 10:14 am | By Samuel Dale

MAS chief executive Caroline Rookes says the FCA will be tougher on those delivering pensions advice.

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BBA urges Bank to exclude HNW clients from LTI cap

22 September 2014 4:12 pm | By Devraj Ray

Bankers trade body says LTI cap will unfairly penalise private banks and high net worth clients.


Fabian Society urges Labour to reverse Budget reforms

22 September 2014 3:49 pm | By Sam Brodbeck

Fabian Society says the pension revolution “must be dismantled within weeks of Labour gaining power”.

Comments (1)


Should pensions guidance be made compulsory?

22 September 2014 3:44 pm | By Samuel Dale

Pension experts suggest pensions guidance may not go far enough in its current form.

Comments (2)


Will MAS change its name to deliver pensions guidance?

22 September 2014 3:38 pm | By Samuel Dale

Pensions expert Laurie Edmans says the term advice has been given a very narrow meaning.

Comments (13)


Labour would keep cutting child benefit until 2017

22 September 2014 12:35 pm | By Samuel Dale

Shadow Chancellor Ed Balls says he is making tough decisions to “balance the books”.

Comments (1)


IMA says FCA must distinguish between advice and guidance

22 September 2014 11:56 am | By Pamela Morris

Government proposals to set up a pension guidance service for savers on retirement must set a clear boundary between what is regulated advice and guidance.

Comments (2)


Lloyds director says 30% of new builds reliant on Help to Buy

22 September 2014 11:28 am | By Samuel Dale

Lloyds Banking Group says 6 per cent of its lending is reliant on the Help to Buy equity loan scheme.

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Labour plays down Govt role to boost protection

22 September 2014 9:09 am | By Samuel Dale

Shadow financial secretary Cathy Jamieson says Government should not intervene.


Scots to get extra powers despite 'English votes' row

22 September 2014 8:48 am | By Sam Brodbeck

Prime Minister David Cameron is hosting a summit to tackle Scottish MPs’ voting rights on English issues.

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Labour makes £8 mininum wage pledge

22 September 2014 8:44 am | By Samuel Dale

Labour leader Ed Miliband opened his party’s conference in Manchester with a promise to increase the minimum wage from £6.31.

Comments (1)


Alex Salmond resigns as Scottish first minister

19 September 2014 4:18 pm | By Samuel Dale

Scottish first minister Alex Salmond has stepped down after the referendum defeat this morning.

Comments (7)


UK commissioner could signal new era of less burdensome EU rules

19 September 2014 1:00 pm | By Tessa Norman

Trade bodies welcome appointment of Lord Hill as financial services commissioner.

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Devo-max: How will David Cameron's shake-up affect advisers?

19 September 2014 12:44 pm | By Samuel Dale

Prime minister David Cameron has promised devolved powers for all four nations of the UK.

Comments (3)


SFE: More tax powers can boost competition of Scottish financial firms

19 September 2014 10:59 am | By Pamela Morris in Edinburgh

Scottish Financial Enterprise chief executive Owen Kelly said more devolved powers around tax could make Scotland a “very competitive” part of the UK.


Estate agents: 'No vote will boost Scottish housing market'

19 September 2014 10:51 am | By Devraj Ray

Estate agents’ trade body says No vote will give greater clarity for Scottish buyers and lead to a ’less frenetic’ housing market.


Scottish groups push FTSE up as independence fears subside

19 September 2014 9:13 am | By Sam Macdonald

Royal Bank of Scotland up 3.5 per cent and Lloyds Banking Group share price rise 2 per cent at 9:05AM.

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