Firms demand clarity over tax treatment of relevant life plans

Providers and advisers have called for greater clarity from HMRC over how relevant life plans with critical illness cover will be taxed. Aviva has stood by its relevant life plans after communication from HMRC has thrown their tax status into doubt. In a letter from HM Revenue & Customs to fellow relevant life provider Vitality […]


Moody’s warns of further UK downgrade

Ratings agency Moody’s has again warned it will downgrade the UK’s credit rating further if it fails to preserve its access to the “core element” of the European single market once it leaves the union. The firm said in a statement its current Aa1 sovereign rating would be downgraded “if the UK’s loss of access […]


Mission critical: The FCA’s roadmap to better reguation

The FCA’s new mission statement may be “the missing piece of the regulator’s jigsaw”, but experts are questioning what impact it will have on how the watchdog works. The regulator launched a consultation last week as part of chief executive Andrew Bailey’s plans to set out the FCA’s new “mission”. The FCA wants the mission to […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]


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