Many companies have year-ends of March 31 or April 5. It has been established that company contributions are one of the most effective ways of extracting capital from the company for the benefit of directors.Any company contribution will normally be allowable as a business expense in the company accounting period when it is paid. Where […]
HBOS is setting up a “post-polarisation” portfolio of investment products with no initial or exit charges.The group will use some of the £1.4bn raised by a share placing last week to develop this business.It says the long-term savings and insurance products are clear and transparent, making them suit- able whatever the outcome of the polarisation […]
The payment of contributions to an approved pension plan is one of the few remaining ways that an investment by an individual can qualify for higher-rate income tax relief.The end of the tax year is always a critical date for pension planning to ensure that full advantage is taken of the pension reliefs. This is […]
Britannia Building Society says last year was the most successful in its history, with profits more than doubling to £129m from £62m in 2000.Results show the society's net mortgage lending reached a record £1.8bn compared with £800m in 2000.Britannia's subsidiaries, including specialist mortgage lenders Verso and Platform Home Loans, increased profits by 39 per cent […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]