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business property relief

Tony Wickenden: Clarity on life assurance policies for non-doms

Long-awaited guidance clears up confusion around the IHT position of policies issued under seal Life assurance protection is an often overlooked estate planning tool. For UK-domiciled individuals, effecting a policy subject to a trust can deliver a neat, effective way of sorting inheritance tax liability that cannot be diminished through other planning. It can also […]

recession noise

Pension provider told to take down ‘threatening’ advert

Workplace provider Smart Pension has been told not to publish an advertisement again after a complaint to the marketing standards watchdog over its “threatening” tone. In November last year, Smart Pension sent a letter to business owners, stating that “failing to set up your workplace pension now could soon blow a serious hole in company […]

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FOS should increase compensation limit, LEBC says

National IFA LEBC has come out in favour of the FCA’s plans to extend the maximum compensation amount the Financial Ombudsman Service can require firms to pay. The regulator said yesterday that the cap should increase from £150,000 to £350,000. Adviser and wealth manager trade body Pimfa criticised the proposals, arguing they could drive advisers out of […]

PASA names new chair

The Pensions Administration Standards Association has elected its director of eight years Kim Gubler as chair. Gubler currently holds the position of deputy chair with the standards body, and will replace Margaret Snowdon from 1 January. Gubler has held a variety of executive positions across the industry, including chair of the joint Standards and Accreditation […]