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.
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 […]
The Conservatives are calling for radical reforms to the FSA in a bid to reduce the burden on IFAs and place competition at the heart of the regulator.
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.
Abbey’s fast-track system for mortgages up to 75 per cent loan to value is non-existent, according to Strategic Financial Solutions mortgages expert Henri Berest.
Simon Edelsten, manager of the Artemis Global Select Fund, examines the long-term trends that they have exploited since the fund’s launch five years ago. Looking ahead, he explains the stock-specific opportunities the team are finding. Click here for full article
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The government is boosting its income from inheritance tax bills because advisers may have failed to communicate the full advantages of new exemptions. Speaking at a seminar yesterday morning, Prudential senior technical manager Graeme Robb pointed to the rise people affected by the increase in the residence nil rate band to £1m for married couples […]
National advice firm Foster Denovo has poached former Towry M&A head Henna Fry to lead its acquisition strategy. Fry played a leading role in the sale of Towry to Tilney Bestinvest before leaving her role in 2016 to become an independent consultant. She will take on the newly created role of head of corporate development […]
The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]