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Tony Wickenden: Lifetime Isa offers glimpse into pension tax future

Following the trend of those over the past few years, the Budget had plenty for financial planners to get stuck into. The “bigger picture” saw some interesting tax reductions and incentives being substantially funded by the continued war on aggressive tax avoidance. Multi-national companies and their tax shenanigans have been in the news since Starbucks […]

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NHS scraps controversial cash-for-pension offer

An NHS trust has closed a deal it offered new nurses to opt out of the generous NHS scheme in favour of a higher salary. The Oxleas Foundation Trust in south east London was offering newly-qualified ‘band 5’ nurses the choice of being paid money that would go into the scheme. It was understood staff […]

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Cofunds cuts another 30 roles

Legal & General-owned platform Cofunds has shed 30 employees hired ahead of the sunset clause on fund management legacy payments. The 30 staff made redundant were in the IT and change division and come in addition to the loss of 10 roles, reported in January, cut as part of the closure of the Cofunds’ London […]

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UK GDP growth slashed to 2% for 2016

The Office for Budget Responsibility has slashed its forecast for UK GDP growth in 2016 to 2 per cent, Chancellor George Osborne has revealed in the Budget. The downgrade is greater than anticipated. Last week the British Chambers of Commerce downgraded its growth forecast for the UK economy from 2.5 per cent to 2.2 per […]

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