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Govt spending on pensions tax relief stabilises

The cost of pensions tax relief remains largely unchanged, according to annual estimates published by HM Revenue & Customs. The figures, published today, show the cost of pension tax relief rose slightly to £38.6bn in 2016/17 from £38.5bn in 2015/16. The new data show a contrast to 2015/16, where the cost of tax relief leaped by […]

Spring Statement: Inflation to return to target

Chancellor Philip Hammond has used his Spring Statement to reveal predictions that inflation will return to its 2 per cent target over the next 12 months. The Chancellor today acknowledged inflation, which has been running above 3 per cent, eroding the value of fixed income savings, was above the level the Bank of England attempts […]

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Segregated mandates predicted to swell to £180bn in two years

The market for wealth manager and discretionary fund manager segregated mandates is predicted to more than double to £180bn in the next two years, which will further force transparency on investment fees, according to research from consultancy NextWealth. Currently, wealth manager segregated mandates account for around £86bn in assets, which NextWealth says represents approximately 12 […]

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