View more on these topics

Autumn Budget: Govt sets aside £3bn for Brexit

Chancellor Philip Hammond has said the UK will set aside £3bn over the next two years in preparation for its exit from the European Union.

Delivering the Autumn Budget today, Hammond said the Government had already invested £700m in preparation for the UK leaving the 28-nation block in March 2019.

He added that for the next two years the Government has unlocked an extra £3bn in funding.

As the UK prepares for its future outside the EU, Hammond said the Government will “express its resolve to look forwards not backwards” in next year’s Budget.

Hammond said: “The negotiations are in a critical phase. I am clear that one of the biggest boost to businesses and families is to make good progress [in the negotiations]. We want to make sure the country is prepared.

“We choose to run towards change, not away from it, to prepare our people to meet the challenges ahead, not to hide from them.”


Spotlight on charges 700x450.jpg

FCA charge for late Gabriel return upheld after complaint

The FCA was right to issue a firm with a fine for filing its regulatory returns late, an adjudicator has ruled, after the firm complained that it was not told that its submission was due. Firms are charged a £250 late administration fee if they fail to submit their Gabriel return on time. A firm […]


OMGI and Jupiter to change pricing structures across fund ranges

Old Mutual Global Investors and Jupiter are switching from dual pricing to single pricing across their respective fund ranges, while OMGI is also introducing a fixed ongoing charge for its single strategy UK funds. Both firms say the pricing changes follow reviews and are intended to standardise their approaches with the industry. Vanguard and Axa Investment Managers also […]

Pension savings-2015

SimplyBiz signs another DB transfer deal after outsourced adviser exits

Support service provider SimplyBiz has signed a third new deal for defined benefit transfer advice work after its original partner pulled out of the marketplace. In an email to members seen by Money Marketing, compliance director Gary Kershaw apologises for any inconvenience caused by Crowborough-based advice firm CFPML’s decision to exit the DB transfer marketplace. […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment