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Green budget pronounced &#39damp squib&#39 by industry

The Chancellor&#39s pre-Budget report has been slammed as a &#34damp squib&#34 of &#34political posturing&#34 that did not deliver promised details on pensions the industry needs.

The only specific news was that couples will get a £14 rise to £117 on joint minimum state pensions from next April.

Chancellor Gordon Brown also stated: &#34Pensioners will have no income tax to pay unless their income rises above a known specified level.&#34

But he failed to give details of the move.

His speech was criticised for not including reference to stakeholder pensions. But pension providers were relieved he did not axe the 25 per cent tax-free lump-sum or higher rate tax-relief.

Scottish Life marketing consultant Alasdair Buchanan says: &#34It worries me the stakeholder was not mentioned. From a pensions point of view it was a disappointing speech full of political posturing.&#34

Clerical Medical assistant sales developme


Big lenders split on housing market prospects

Halifax and Nationwide are split over the prospects for the housing market with Halifax still bullish but Nationwide predicting a downturn.The Halifax house price index rose 1.2 per cent in October compared to a 0.6 for the Nationwide survey. Halifax says house price inflation rose to 6.7 per cent from 5.4 per cent in September.Nationwide […]

Scottish Widows&#39 Shaw lined up for chair of Scottish Financial Enterprise

Scottish Widows group chief executive Mike Ross is being groomed to take over as the new Scottish Financial Enterprise chairman after being named as its new deputy.He is picking up the newly created position of deputy chairman with the expectation that he will take over from present chairman Sir John Shaw next year.Fifty-two-year-old Ross joined […]

Prudential&#39s Egg sets out times for processing accounts

Egg has set up a web site to keep customers informed of processing delays for its savings account which is currently running at 28 days.Customer demand for Egg&#39s savings account is still running very high.The web site will be updated daily and there will also be a freephone number to keep customers informed.Egg chief operating […]

Halifax and Pru deny merger speculation

Halifax and Prudential are refusing to comment on press speculation of a merger.Analysts have suggested that the two financial giants would fit together well, but there is substantial duplication between the respective IFA companies Halifax&#39s Clerical Medical and Prudential&#39s Scottish Amicable.The City has often expressing dissatisfaction with Halifax&#39s inability to capitalise on its market strength […]

Leading Edge – April 2017

There is little doubt 2017 will be a year of political uncertainty. Leading Edge is Royal London Asset Management’s regular review of investment markets. This edition explores some of the impacts that this uncertainty is having on investors, from the pitfalls of prediction within UK equity investing to the dangers of opting for convenience over […]


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