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Double-fund loophole is shut

The Inland Revenue has closed a loophole that would have allowed investors to double-fund their pension ahead of A-day. Investors could have transferred assets in an occupational scheme into a personal pension and then switched this into a section 590 scheme, which would enable investors to build pots bigger than the lifetime limit as retained benefits from other schemes were not taken into account.

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Bradford & Bingley launches two new Isas

Bradford and Bingley is to launch two mini cash Isas to be available from April 6. The Isa regular saver offers 6 per cent gross in the first year before switching to the Bank of England base rate plus half a per cent. The minimum monthly contribution is 10, maximum 250. The fixed Isa 3 […]

Cavanagh picks Henson as finance chief

IFA Cavanagh Group has appointed Ian Henson as finance director. Henson was previously chief financial officer of the locore group. He also worked as finance director for Kalamazoo Motor Trade. Henson has worked with Cavanagh on a consultancy basis since November last year but is joining on a permanent contract.

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