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Tyrie: Osborne’s property IHT reforms ‘a mess’

Treasury committee chairman Andrew Tyrie has branded Chancellor George Osborne’s property inheritance tax reforms “a mess”. Under proposals set out in the Budget, the main residence nil-rate band will increase from £325,000 per person to £500,000. The combined threshold for married couples will rise to £1m for married couples by 2020. However, Tyrie has written […]

Eurozone GDP grows 0.3% in Q3

The eurozone economy expanded by 0.3 per cent in the third quarter of this year compared with the previous quarter, according to the latest estimates by Eurostat. However, GDP growth for the wider European economy was higher at 0.4 per cent for the same period. Compared with the same quarter of the previous year, eurozone GDP rose […]

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Stephen Lowe: Developing the gold blend for retirement

Solutions providing customers with a guaranteed income for life have been the bedrock of retirement planning for decades but now flexi-access drawdown has become available to all. Both options have obvious pros and cons but the beauty of the new rules is that there is nothing to stop retirees seeking the best of both worlds: […]

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Newcastle BS appoints head of mortgage distribution

Newcastle Building Society has appointed Steve Carruthers to the newly created role of head of mortgage distribution. Carruthers joins from Aldermore where he was head of sales. Prior to this he worked in a variety of roles within the RBS group. He says: “I’m delighted to join Newcastle Building Society at an exciting time for […]

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Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]

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