View more on these topics

Conservatives face election probe over Work and Pensions committee MP


The Conservative Party is facing an investigation by the Electoral Commission over its campaign spending in South Thanet, where Craig Mackinlay defeated Ukip leader Nigel Farage.

Mackinlay won the seat in May, securing a majority of 2,812, and subsequently joined Frank Field’s Work and Pensions committee.

Since then, he has become a regular contributor to debates on auto-enrolment, inheritance tax and pensions reform, most recently calling for a £10,000 limit on salary sacrifice.

However, the Electoral Commission has now revealed that it has opened an investigation into the Conservative’s spending in the constituency.

In particular, the Commission says it will investigate whether spending on hotel stays in Margate and Ramsgate should have been counted as national campaign spending, or fallen under local campaign spending limits.

Candidates were limited to spending £15,016 per constituency as part of the short campaign, which this year ran from April 7 to May 7.

However, reports from Channel 4 last month claimed the Conservatives had racked up more than £14,000 in hotel bills alone, and allocated the spending to national accounts.

A Conservative spokesperson says: “All spending has been correctly recorded in accordance with the law.”

Kent Police, which is responsible for investigating breaches of the law relating to candidate spending, has announced it will not pursue a probe into the claims.



L&G imposes tech restrictions for new auto-enrol business

Employers and advisers using Legal & General for automatic enrolment are being forced to go through one of two technology ‘middleware’ providers. All new schemes with a staging date of 1 January 2016 will be required to use either pensionsync or ITM’s eAsE. L&G does not levy an employer charge – unlike rivals the People’s […]


Osborne between a rock and a hard place on pension tax relief

No-one ever said the big jobs were easy. And as both Chancellor of the Exchequer, and the nation’s de-facto second in command, George Osborne doesn’t have an easy month ahead. While the Prime Minister has the small task of bending the European Union to his will, Osborne faces his own struggles as he seeks to […]


CML and BBA boards vote for trade body merger

The boards of the Council of Mortgage Lenders, British Bankers’ Association and Payments UK have voted in favour of a mooted trade body merger. The boards have urged their members to vote for a merger when they come to make their decision. Payments UK is also the first trade body to fully approve the merger […]


Advisers hit out at conflicting provider growth projections

Advisers have expressed frustration at the wildly differing growth rates used by providers when estimating returns from different asset classes. CTC Software’s annual market review of growth rates shows the breadth of expected returns produced by 40 insurers, Sipp and wealth management firms. The FCA tells investment, life and pension providers how they calculate the […]

UK gilts: Shaken and stirred

Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm