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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?

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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.

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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

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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.

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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.

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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.

BoE

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.

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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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City

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.

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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.

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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.

Comments (12)

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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.

Comments (1)

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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.

BoE

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.

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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.

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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”.

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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.

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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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