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Euro test progress for next budget

Chancellor Gordon Brown has said today in his Budget speech that the Government will not be reporting on Britain&#39s progress towards meeting the five Euro tests until the next budget.


Axa flags opportunities from delayed pension tax simplification

Axa is welcoming the Revenue&#39s proposal for tax simplification of pensions confirmed today in Chancellor Gordon Brown&#39s Budget speech, but warns there could be short term confusion for high earners while they adjust to the incoming new lifetime limit. It says the delay in implementing the simplification until April 2006 means advisers have more time […]

MGM shaves 3 per cent off bonuses

MGM Assurance has cut maturity payouts on its 25-year with-profits endowment policies by 3 per cent. The mutual says it increased the proportion of equities in its conventional with-profits fund to 41 per cent from 30 per cent through 2003, and achieved a 10.1 per cent return on assets across the fund. MGM chief operating […]

IHT planning on the rise

Wealth management IFAs are generating up to 25 per cent of revenue from estate planning and expect this to rise, according to research by Canada Life. House prices have doubled since 1998 while the inheritance tax nil-rate band has gone up by 14 per cent to £255,000. Since Labour came to power in 1997, annual […]

Skills Council consults on exam review

The Financial Services Skills Council is embarking on an industry-wide consultation for its examination review. Launching tomorrow, this will be the first time the exam review has gone out to an industry-wide consultation since the FSA handed over responsibility for completion of the exam review to the Skills Council. The FSSC is seeking views from […]

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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