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Tony Wickenden: Are clients subject to loan charge tax in April?

HMRC is clamping down on remuneration schemes designed to avoid income tax and National Insurance You may have seen a bit in the financial news lately on the loan charge tax to be levied on payments received by employees through disguised remuneration schemes used to avoid income tax and National Insurance contributions. Those involved will […]

Lloyds to launch HNW offering with Schroders

Lloyds Bank has confirmed it will launch a new financial planning proposition for wealthy clients as part of its wealth and investment tie-up with Schroders. Money Marketing understands this is part of the bank’s focus on wider advice plans announced last week. The bank will reportedly hire around 700 new advisers by the end of […]

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Now: Pensions hits back at MPs’ fee criticism

Master trust provider Now: Pensions has responded to criticism from MPs about its charging structure in a letter published yesterday. Earlier in the month Labour MP Steve McCabe who sits on the work and pensions select committee criticised how Now: Pensions charges members. Now: Pensions charges members £1.5 per month for an administration fee and […]

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Legal ombudsman chair to head FCA consumer panel

Current chair of the Office of Legal Complaints Wanda Goldwag has been named as the new chair of the Financial Services Consumer Panel. The independent statutory body – which represents consumer views and reports to the FCA – has been chaired by Sue Lewis since 2013. Goldwag will take up the position from 1 March […]

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Five minutes with…EQ Investors’ Jeannie Boyle

Jeannie Boyle talks making the link between money and emotions before taking the stage at the Money Marketing Interactive conference in April. What is the most encouraging advice market trend you are seeing at the moment? We are seeing more investors looking to align their portfolios to their values. Advisers are now more willing to […]

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HSBC bides time on robo-advice as profits rise again

HSBC has remained quiet over potential plans to roll out its robo-advice service in the UK as the latest results show the global bank has seen profits rise. The bank axed its tied advice service ahead of the RDR, but has since returned with the roll-out of a simplified advice service. It then announced the […]