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Beveridge quits Swip

Scottish Widows Investment Partnership investment director of international equities Colin Beveridge has quit the firm and is leaving by the end of September to take time out of the industry.

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Government borrows record £15.9bn in August

The Government borrowed £15.9bn in August, the highest August figure since records began. According to the Office of National Statistics, the Government is now running a monthly deficit of £13.3bn, up from £11bn in August 2009. The ONS says the public sector current budget was in deficit by £46.6bn between April and August 2010. This […]

10

LibDems launch £7bn tax avoidance crackdown

The Liberal Democrats have announced a £7bn crackdown on tax avoidance and evasion. The move was announced by Chief Secretary to the Treasury Danny Alexander in a speech at the party’s conference in Liverpool yesterday. Alexander said the £900m spent on the drive would lead to an extra £7bn a year being collected in tax […]

Protection firms fear offset review

The impact of a combined Treasury and HMRC review of protection offset tax rules could see £350m of commission taken out of the market, according to Aviva. Richard Verdin, protection director at Aviva, says the current review is likely to scrap rules that allow providers with investment management businesses to offset the costs of writing […]

17

FSA appoints consumer education body chair

The FSA has appointed social policy group Lemos&Crane partner Gerard Lemos as the chairman of the Consumer Financial Education Body. Lemos is a partner at the social researchers where he leads its research team. He is the author of numerous books and reports about social policy and is a non-executive director of the Crown Prosecution […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]

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