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FSCS chief: Scrapping £50k payout limit will help advisers

Financial Services Compensation Scheme chief executive Mark Neale says removing the £50,000 compensation limit for poor advice could encourage more consumers to use advisers. In a blog last month, Neale argued that protection for bad advice needed to be harmonised with retirement savings held in insurance products to give consumers more confidence in the system. There […]

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Lloyds stalls robo-advice plans on FAMR uncertainty

Lloyds Banking Group could reset its plans to launch an online investment service for retail clients as it awaits the next development in the FCA’s Financial Advice Market Review. In January, Lloyds, Barclays, RBS and Santander were reportedly looking into launching online advice offerings as part of their return to the mass advice market. However, only Santander has launched an online […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]

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