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John Cridland to step down as head of CBI

31 March 2015 8:30 am | By Tessa Norman

CBI director general to leave after five years at the helm of the business lobbying group. 

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Labour promises cross-government taskforce to tackle pension scams

30 March 2015 4:06 pm | By Mark Sands

Labour shadow work and pensions secretary Rachel Reeves has pledged to launch a pension scams taskforce if elected.

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Providers to cut charges on £10bn of legacy pension savings

30 March 2015 3:24 pm | By Sam Brodbeck

Move following report that revealed £26bn in schemes charging over 1 per cent.

Comments (8)

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Mutual fundraising legislation granted Royal Assent

27 March 2015 1:42 pm | By Mark Sands

New rules to allow more fundraising by mutuals were yesterday made into law.

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Just say no: Fears grow over 'insistent' transfers regulatory backlash

27 March 2015 9:30 am | By Sam Brodbeck

Networks and compliance experts are warning advisers against using ‘insistent’ customer processes to appease clients trying to transfer out of defined benefit schemes.

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MPs call for review of ‘dysfunctional’ FCA over closed book probe

27 March 2015 8:42 am | By Natalie Holt

TSC hits out at regulator for creating  ”false market” in insurers’ shares and says FCA board should review its effectiveness.

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Govt urged to accelerate reform of 'waste of money' MAS

26 March 2015 3:00 pm | By Mark Sands

The Government must accelerate reforms of the Money Advice Service or risk wasting huge sums of advisers’ money, MPs warn.

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Steve Webb demands end to pension tax relief tinkering

26 March 2015 2:35 pm | By Mark Sands

Steve Webb has called on ministers to cease tinkering with levels of tax free pensions savings.

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MPs: HMRC 'fighting an uphill battle' on tax cheats

26 March 2015 9:00 am | By Mark Sands

UK authorities are being defeated by a combination of a lack of resources and an overly complex tax code in their battle against evasion, MPs say.

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Martin Lewis aiming to join MAS review ‘challenger panel’

25 March 2015 3:32 pm | By Mark Sands

Martin Lewis has offered to support MAS in reviewing the findings of the Farnish report after being invited to join a ”challenger panel”.

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David Cameron rules out VAT rise

25 March 2015 1:42 pm | By Mark Sands

Prime Minister David Cameron has promised not to increase VAT if a Conservative government is re-elected.

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Osborne plays down pension freedoms misselling fears

24 March 2015 4:45 pm | By Mark Sands

George Osborne has disputed claims incoming pension freedoms will leave savers prey to “rip-off merchants”.

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Treasury to pilot pension passport reforms with LV=

23 March 2015 12:31 pm | By Mark Sands

The Government’s “nudge unit” is teaming with LV= from April to work on planning a new pension passport scheme.

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Tories more trusted than Labour on pensions

23 March 2015 12:18 pm | By Sam Brodbeck

Over a third of people do not trust any party to provide a fair pension system.

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MPs to accuse FCA of ‘dereliction of duty’ over botched briefing

23 March 2015 10:00 am | By Mark Sands

MPs are set to lash out at the regulator’s handling of a briefing to the Daily Telegraph which wiped huge sums from the value of life insurers.

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L&G boss says bank bashing will force lenders out of UK

23 March 2015 8:57 am | By Natalie Holt

Nigel Wilson says next government needs to focus on productivity of banks rather than “bank bashing”.

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Fund groups hit out at Labour's 'damaging' tax plans

23 March 2015 8:42 am | By Valentina Romeo

Labour wants to reintroduce the stamp duty reserve tax and remove intermediaries relief.

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Caroline Rookes: MAS review of Farnish report will be 'open and transparent'

20 March 2015 4:11 pm | By Mark Sands

Money Advice Service chief executive Caroline Rookes promises that work to interrogate the conclusions of the Farnish Report will be evaluated by stakeholders.

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'Like asking a school child to mark their own homework': Govt under fire over MAS review response

20 March 2015 2:59 pm | By Mark Sands

Observers have slammed plans for MAS to self-assess before a further Government review.

Comments (4)

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MAS faces £20m budget cut as Farnish review proposes radical overhaul

20 March 2015 1:00 pm | By Mark Sands

MAS should halve its budget for consumer education following a complete restructure, according to a Government-commissioned report.

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Osborne eyes £50k higher rate tax threshold

20 March 2015 10:12 am | By Mark Sands

George Osborne says Lib Dems blocked plans to raise the 40 per cent income tax threshold to £50,000.

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IFS: Osborne's cash for annuities plans face 'adverse selection' problem

19 March 2015 2:59 pm | By Mark Sands

Allowing pensioners to sell their annuity is unlikely to automatically generate a second-hand market, says the IFS.

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Govt outlines 'comprehensive' new tax evasion regime

19 March 2015 1:33 pm | By Mark Sands

New government measures to tackle tax evasion will include a harsh new fines regime and a strict liability offence for tax evasion.

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Budget 2015: Govt to bag £1bn from tradeable annuities

19 March 2015 10:53 am

Lifetime allowance cut to bring in nearly £2bn over five years

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Plans to abolish annual tax return 'overly ambitious'

19 March 2015 10:30 am | By Tessa Norman

Experts raise concerns over HMRC’s IT infrastructure. 

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Advisers fear deeper pockets needed to fund Pension Wise

19 March 2015 9:30 am | By Tessa Norman

Treasury says it will not raise extra money from industry despite pledging £19.5m “additional” funding. 

Comments (1)

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Cash for access: Chancellor's 'scorched earth' reforms open annuities minefield

19 March 2015 8:18 am | By Sam Brodbeck

Pensioners who want to swap their annuities for cash or drawdown face a “minefield” and need to be protected by advisers.

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PFS chief warns 'insistent' pension transfers risk FOS complaints

19 March 2015 8:00 am | By Natalie Holt, Tom Selby, Sam Brodbeck

PFS chief executive Keith Richards warns advisers that process “insistent” DB to DC transfer requests risk opening themselves up to ombudsman claims.

Comments (5)

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'A shot in the arm': The industry reacts to the Help to Buy Isa

18 March 2015 5:19 pm | By Paul Thomas

Experts suggest recent housing reforms could provide much needed boost to housebuilding.

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Budget 2015: HMRC to issue 21,000 more payment demands to tax avoiders

18 March 2015 5:00 pm | By Tessa Norman

Additional payment demands to be sent in a bid to seize a further £555m. 

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Budget 2015: 650,000 people on benefits could be blocked from selling their annuities

18 March 2015 3:21 pm | By Sam Brodbeck

Govt considers barring people on means-tested benefits from selling their annuities.

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Budget 2015: Govt pledges extra funds for Pension Wise

18 March 2015 2:55 pm | By Sam Brodbeck

Govt promises £19.5m extra funding to cope with pension freedoms.

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Budget 2015: Miliband warns of pensions 'rip-off merchants'

18 March 2015 2:31 pm | By Mark Sands

“Rip-off merchants” are waiting in the wings to capitalise on pensions freedoms, according to the Labour leader.

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Budget 2015: Govt eyes £30k advice step for tradeable annuities

18 March 2015 2:11 pm | By Sam Brodbeck

Individuals could be required to obtain minimum number of quotes before sale.

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Budget 2015: Experts slam pensions allowance cut but back inflation link

18 March 2015 1:52 pm | By Sam Brodbeck

“Retrograde” move tempered by link to CPI.

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Budget 2015: Isa withdrawals won't count toward annual tax-free limit

18 March 2015 1:50 pm | By Natalie Holt

Osborne says “radically new” Isa is one of four steps to “create a savings culture”.

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Budget 2015: Personal allowance to rise to £11k by 2017

18 March 2015 1:43 pm | By Tessa Norman

Personal allowance will increase to £10,600 next month as planned. 

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Budget 2015: Annual tax returns abolished

18 March 2015 1:31 pm | By Tessa Norman

Digital accounts introduced from next year. 

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Budget 2015: Govt cuts lifetime allowance to £1m; links limit to inflation

18 March 2015 1:07 pm | By Sam Brodbeck

Pension lifetime allowance will be indexed from 2018.

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Budget 2015: Govt to scrap savings tax rate

18 March 2015 9:42 am | By Laura Suter

The Chancellor will scrap the 20 per cent rate.

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