The FSCS is set to refund a surplus of 42m to relevant firms in the general insurance contribution group before the end of the financial year 2005/6. This is partly a result of lower than anticipated compensation payments in the sector. It is also unlikely to raise a levy in 2006/7.
Equity release The Institute of Actuaries working party on equity release chairman Ged Hosty says the issue of inheritance tax is particularly important when considering equity-release schemes.
Recommending a group Sipp after A-Day will require special considerations
Safe Home Income Plan chairman Jon King has challenged the Government to provide greater clarity on its views on the future of the equity-release market. King’s call comes after Money Marketing revealed last week that proposals are being drawn up by consu- mer group Which? to be presented to the Treasury for the establishment of […]
It was just my luck to be in a broadcasting studio immediately after the Japanese stockmarket was forced to close early due to sheer weight of selling orders. It was a first for the world’s second-biggest stockmarket.
Research from Jelf Employee Benefits and retirement workshops specialist LaterLife Learning shows that one in two employers could offer their older workers greater remuneration flexibility so that they can benefit from the new Freedom of Pensions rules.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]