View more on these topics

Cameron moves to end IHT confusion

Conservative leader David Cameron has been forced to insist that his pledge to increase the inheritance tax threshold stands firm after suggestions that the Tories had done a U-turn.

Shadow Business Secretary Ken Clarke caused confusion over the weekend when he stated that raising the threshold to £1m was only an “aspiration” due to the economic crisis.

Clarke later backtracked and reaffirmed that the Tories were committed to raising the inheritance tax threshold in the first term of a Conservative government getting into power.

Cameron was forced to step in and clear up the confusion by insisting that the pledge would be included in the party’s manifesto for the next general election.

Liberal Democrat Shadow Chancellor Vince Cable says: “Ken Clarke’s comments are further evidence of the disarray and confusion which has characterised the Conservatives’ tax policy and their response to the economic crisis.”

Recommended

Boomers in denial on effects of the crunch

Nearly two-thirds of baby boomers have not yet reviewed their retirement plans in light of the financial crisis, according to research by The Hartford.The firm found that only 7.5 per cent of those surveyed have visited an IFA as a result of the turmoil. The report reveals 42 per cent of baby boomers are in […]

Survey shows hourly rates encourage time-wasting

Adviser charging structures that operate on an hourly fee basis reward inefficiency, according to a new survey.Australian firm Elixir Consulting researched charging structures in the country’s financial advice sector and found that time-based fees are unpopular among IFAs.It says most advisers charge via a job-rate structure or ann-ual retainer amid concerns that hourly charging encourages […]

Adviser Fund Index

Gains from currency swings are a welcome bonus but playing foreign exchange movements is usually not part of funds’ investment strategy, according to Adviser Fund Index panellists.“The majority of recent global returns were because of currency movements and not because of the fund’s performance,” says Hillary Coghill, chief investment officer at City Asset Management. “Japanese […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment