Not satisfied with key industry figures progressing from direct salesforces to becoming IFAs, the UK industry is now opening its arms to welcome now reformed ex-burglar Bob Turney and comedian and They Think It’s All Over host Nick Hancock into the intermediary world.Who’s next? The Irish One from Girls Aloud would be a popular choice among certain mortgage brokers or perhaps there is an ex-Big Brother housemate with a penchant for regulation. Maybe financial services is getting glamorous.
Under the current draft- ing of the Pensions Act, trus-tees of these types of pension schemes will need to understand pension legislation, investments, scheme documentation and tax reporting by A-Day. But Standard Life has been told by the Pensions Regul- ator that trustees of EPPs and SSASs will be exempted, with an announcement expected soon. […]
The investigation being conducted by HMRC’s offshore fraud projects team does not mean that UK investors cannot hold offshore accounts but individuals who are resident and domiciled in the UK must report their offshore accounts to HMRC.
Millions of pensioners’ retirements are being jeopardised by the unexpected costs that come after they stop working, says Prudential. It says 3.75 million pensioners are struggling to live the life they expected. Prudential says that for the average person in the over-55s category, the “magic sum” that would make a real difference to their retirement […]
Skipton Building Society
Three Year Fixed Rate Mortgage
When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]