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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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]