The coalition Government has set out plans to cut £535m from the Department for Work and Pensions, £670m from the Department for Education, £325m from the Ministry of Justice, £836m from the Department for Business, Innovation and Skills and £451m from the Chancellor’s departments. It will also cut £95m from IT budgets and £1.7bn from contract costs.
As the RDR remuneration debate rumbles on, the protection industry has let out a sigh of relief, safe in the knowledge that commission is here to stay, for the time being anyway.
With the FTSE 100 nosediving in recent weeks and continued concern about the future of the eurozone, good news is currently thin on the ground. So against this backdrop, the entrance this week of two new intermediary-only mortgage lenders is to be welcomed. Aldermore is offering residential and buy-to-let mortgages with loans based on retail […]
First State head of global resources David Whitten is leaving the firm after 13 years to take a career break.
David Cameron promised that Capital Gains Tax reforms will not hurt UK business in his first major speech as Prime Minister.
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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Advisers are being targeted by claims management companies offering payment for referring complaints related to defined benefit pension transfers. Capital Asset Management chief executive Alan Smith was sent a letter this month from Birkenhead-based firm Pension Justice, which claims to be a “missold pension compensation specialist”. The letter asks advisers if they have seen clients […]
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Aegon has called on the government to double the tax exemption for employer-arranged pension advice. A report from Aegon and the CBI in March found 56 per cent of employers think the government should extend the tax exemption for employer-provided pension advice to more than £500. Now Aegon wants to see that exemption doubled to […]