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Tax paying pensioners nearly double in 25 years

The number of taxpaying pensioners has nearly doubled since the mid-1990s, a Freedom of Information Act request has revealed. An FOIA request to HM Revenue and Customs by Royal London shows the growing tax bills faced by pensioners in different parts of the country. Between the mid-1990s and the mid-2010s the number of taxpayers over […]

Focusing on money - Magnifying glass over British pound notes.
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Wealth management boss charged with fraud

The former managing director of a Hertfordshire wealth management firm has been charged with fraud by the City of London Police. Freddy David, previously managing director of HBFS Financial Services, was charged with obtaining money transfers by deception and fraud by abuse of position. David was released on bail to the City of London Magistrates […]

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FCA refuses to rule out drawdown charge cap as regulator calls for ‘pounds and pence’ fees

The FCA has refused to rule out a cap on drawdown charges as it releases a flagship report into the state of the retirement market since the pension freedoms. In its Retirement Outcomes Review published this morning, the FCA is calling on providers to establish ready-made drawdown “investment pathways” to simplify retirement choices and improve […]

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