Osborne secures deals on 30% cuts as DWP digs in

Chancellor George Osborne is set to announce four government departments have agreed to cut their spending by an average of 30 per cent over the next four years. The BBC reports the Treasury, transport, local government and environment departments have agreed provisional deals on cutting day-to-day spending ahead of the joint spending review and Autumn […]


Axa Wealth slashes fees for Axa IM Distribution fund

Axa Wealth is to lower charges for the £973m Axa Investment Managers Distribution fund on its Elevate platform. Advised customers will now pay an ongoing charge of 0.51 per cent instead of 0.76 per cent. Investors on other platforms will continue to be charged 0.76 per cent for the fund. Axa Investment Managers Richard Marwood, manager […]


Legal lessons for advisers on duty of care

A recent judgement of the High Court (Worthing and another v Lloyds Bank plc [2015] EWHC 2836 (QB)) has provided some helpful guidance on continuing duties of care for financial advisers. The case involved a traditional client/adviser relationship, with initial investment advice being provided by the adviser followed by periodic reviews in subsequent years. The clients […]


Treasury confirms IHT exemption for drawdown

Funds left in drawdown pensions after death will not be subject to inheritance tax, the Government has confirmed. In the Autumn Statement document published today following the Chancellor’s speech, the Treasury committed to legislative changes as part of the Finance Bill 2016. The exemption will be backdated to deaths on or after 6 April 2011. […]


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