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Pensions tax relief warnings as Scotland confirms income band changes

Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]

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FCA working group mulls multiple fund charge templates

The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]

FCA fines investment company over inside information breach

The FCA has fined an AIM-listed investment company £70,000 for failing to inform the market of inside information regarding the compulsory acquisition of one of its holdings. Biogas company Eggersmann Gruppe acquired Tejoori’s entire shareholding of Bekon on 10 August 2016 and informed the market the following day. However, that market update did not mention […]

How China will avoid a ‘Minsky moment’

While US interest rates have started to rise since 2015, the Fed has not been in a hurry to hike interest rates because inflation has been low, due to structural forces, despite the healthy economy. It has also announced plans to shrink its balance sheet though adopting a gradual approach that will extend until end-2025. […]

Zurich drops platform charges for large portfolios

Zurich is more than halving its platform charge for investors with large portfolios from 0.22 per cent to 0.1 per cent. The 0.22 per cent charge is currently levied on investors with portfolios over £1m. Zurich is also lowering the assets under administration threshold for its highest tier from £1m to £500,000. Currently investors with […]