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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. 


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.

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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.


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.


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.

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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.


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


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. 

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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.

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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. 


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. 


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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