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FSA bank pay code won’t cover IFAs

The FSA will not extend its new remuneration code for banks, which comes into force on January 1, 2010, to include IFA firms or mortgage brokers. It will reconsider its position in mid-2010

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Bonus taxes won’t hit £500m mark

Industry experts have branded Chancellor Alistair Darling’s decision to impose a 50 per cent tax on banker bonuses as little more than political posturing which will fail to raise the predicted revenue. The tax will affect banks offering over £25,000 in individual bonuses, with the one-off levy expected to raise £500m. The tax, which effects […]

Labour accused of losing centre

The Conservatives have accused Labour of spectacularly losing their centre ground political position as a result of the pre-Budget report this week. Conservative Shadow Chancellor George Osborne attacked Labour for the tax changes introduced in the PBR, saying the message to aspiring families was that Labour is not the party to choose if they want […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]

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