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Government accussed of diluting banking review

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Standard Life launches into stakeholder market

Standard Life is launching two non-stakeholder friendly pensions in May, but says it will be putting a stakeholder pension on the market next April. The new personal pension plan and the group personal pension will have a single 1 per cent charge rather than the bid-offer spread of its existing personal pension, moving towards stakeholder […]

Interest rates to remain static

UK interest rates will remain unchanged following a unanimous decision by the Bank of England&#39s Monetary Policy CommitteeThe move announced today in the minutes of the MPC&#39s meeting two weeks ago showed all nine members voted to leave the official cost of borrowing unchanged at 6 per cent The announcement follows speculation that the committee […]

Group Relief Rules

The group relief rules for companies will be modernised to allow groups and consortia to be established through companies resident anywhere in the world. The changes are intended to respond to the increasing globalisation of business and will give multinational groups of companies greater flexibility in structuring their commercial activities in the UK. The changes […]

Modernisation of Rules for Chargable Gains of Companies

The Government have proposed changes to the taxation of chargeable gains of companies. The proposed changes are:-1. From 1 April 2000 it will be possible for companies to transfer assets on a no gain/no loss basis in a wider range of circumstances than is possible under the current rules.2. Companies are presently able to transfer […]

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