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Barclays sets aside extra £800m over forex probes

Barclays has set aside a further £800m to cover the cost of investigations into foreign exchange manipulation, taking its total forex provision to almost £2.1bn. In its interim results, published today, Barclays made a statutory pre-tax profit of £1.34bn for the first three months of the year, a fall of 26 per cent from £1.8bn […]

How tax relief changes will hit pension contributions

The highest earners in the country would lose out more on pensions tax relief under the Conservatives than the Liberal Democrats. Each of the major parties has indicated cutting the tax relief on higher earners following the general election. Scenarios modelled by Fidelity Worldwide Investment show someone earning £250,000 a year and making gross pension […]

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Cover story: And they’re off

Almost three weeks on from pension freedoms finally “going live” we have just about enough information to see that the stampede to strip pots of cash originally feared has not transpired. Certainly the Government’s Pension Wise service has not been put under the strain first expected. A total of 1,800 appointments were booked by the time […]

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