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Glamour game

Whoever will be entering the frame of financial services next?

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.


EPP and SSAS boost

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. […]

Offshore investors brought to account

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.

17% Of over-55s say lifetime loans could fund retirement

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 […]

Tax-free gains? That can’t be right, can it?

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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