Former Conservative Chancellors Lord Nigel Lawson and Lord Norman Lamont are calling for tax cuts on middle earners ahead of next week’s Budget. Speaking to the Telegraph, Lord Lawson said fewer people should be paying the 40p rate while Lord Lamont told the BBC action was needed. Lord Lawson, who was Chancellor from 1983 to […]
Chancellor George Osborne will boost HM Revenue & Customs’ powers as part of plans to tackle tax avoidance. He says the Government will “modernise and strengthen HMRC’s debt collection powers.” The Government plans to give HMRC the power to recover tax directly from debtors’ bank accounts where they owe more than £1,000 and have previosuly […]
The Government will ban public sector pension members from transferring out of their defined benefit scheme as part of reforms announced by Chancellor George Osborne in the Budget. It will also consider whether to ban all DB to DC transfers. Experts say the move is designed to prevent large numbers of public sector workers ditching […]
Trustnet Direct has been found to be giving investors inaccurate guidance on pension tax relief less than a week after the direct platform’s launch. The fund data provider launched its D2C platform last week with a £200 cap on annual charges and plus £10 fund and share dealing costs. Explaining Sipp tax relief rules on its website, […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
The pensions dashboard: now there is a good idea, surely? Well, actually no, it is not. To be fair, it sounds like a good idea – a one stop shop where you can see all your various pensions in one place, neat and tidy, lovely and shiny. But there are some problems – quite a […]
When I first started flicking through career guides and thinking about what path to take, I wanted to make sure my job gave me flexibility, the ability to travel and the opportunity to meet people. After researching it, I realised a career in financial planning could tick all these boxes and, so far, my experience […]
The FCA has published the findings of its review into how non-deposit taking mortgage lenders and mortgage third-party administrators handle complaints, concluding that some approaches are “inflexible”. The regulator wanted to see if the processes involved in handling complaints posed a risk to customers, and, in some areas, found room for improvement. While the FCA […]