Conservative Party Conference 2013

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Cameron reveals £200 a year married tax allowance

Prime minister David Cameron has unveiled plans for a married tax allowance worth up to £200 a year for certain couples.  The plan will allow couples to transfer £1,000 of their income tax personal allowance from 2015. The relief kicks in if neither partner is a higher rate taxpayer and one earns below the personal […]

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Andrew Tyrie blasts FCA over ‘mindless’ data collection

Treasury select committee chair Andrew Tyrie has hit out at the FCA and Prudential Regulation Authority for “mindless data collection” from regulated firms as he promised to keep an eye on the impact of the RDR. Speaking at a Centre for Policy Studies fringe event at the Conservative Party conference in Manchester, Tyrie said regulators must […]

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Senior Tories ask which Euro powers should return to UK

Senior Conservatives have fired up the debate over the future role of financial services in the EU by calling on the industry to say which powers it wants renegotiated. Speaking at a CityUK fringe event at the Conservative confrerence in Manchester yesterday, Treasury financial secretary Greg Clark said the UK had been successful in European […]

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Misselling concerns holding up banks’ simple product plans

Banks still have to address misselling concerns before they are able to launch simple products, according to the British Bankers’ Association. Speaking at a pfeg fringe event at the Conservative conference in Manchester today, BBA chief executive Anthony Browne, who sat on the steering committee of the Government-backed Sergeant Review into simple products, said banks […]

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Andrew Tyrie blasts FCA over ‘mindless’ data collection; eyeing RDR damage

Treasury select committee chair Andrew Tyrie has hit out at the FCA and Prudential Regulation Authority for “mindless data collection” from regulated firms as he promised to keep an eye on the impact of the RDR. Speaking at a Centre for Policy Studies fringe event at the Conservative Party conference in Manchester yesterday, Tyrie said regulators […]

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Osborne targets regular surplus to guard against next crisis

Chancellor George Osborne has vowed to run a regular budget surplus during times of growth as an insurance policy against future downturns.  Speaking at the Conservative conference in Manchester today, Osborne said his focus was on paying off the national debt and securing “generous pensions” and healthcare provision. UK Governments have only run surpluses in […]

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DWP opens door to IP auto-enrolment debate

The Department for Work and Pensions has opened the door to introducing auto-enrolment for income protection by calling on the industry to make its case to Government. Some insurers have been pushing the Government to introduce a form of soft compulsion for employers to offer income protection to staff and help address the so-called protection […]

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Small businesses attack ‘never-ending saga’ of auto-enrolment

The Federation of Small Businesses has launched a blistering attack on the “never-ending saga” of auto-enrolment, criticising the cost to firms alongside transparency of pension charges and the quality of Government communications. Speaking at a Social Market Foundation fringe event at the Conservative conference in Manchester yesterday, FSB national policy chairman Mike Cherry said the […]

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Govt offers armed forces interest-free loans towards mortgage deposit

The Government is to offer interest-free loans to help armed forces personnel raise a deposit to buy a home. The BBC reports defence secretary Philip Hammond has announced that from 1 April 2014, servicemen and women will be offered an interest-free loan for up to 50 per cent of their salary and capped at a […]

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Senior Tory MP slams Nest over charges

Conservative MP Harriett Baldwin has hit out at Nest for charging customers a 1.8 per cent upfront fee and is calling for a flat rate to be used instead. Speaking at a Social Market Foundation fringe event at the Conservative conference in Manchester yesterday, Baldwin said she opposes a pension charges cap, currently under consideration by the Government. […]