View more on these topics

HMRC staff set for £23m in bonuses

HM Revenue and Customs staff are set for bonuses totalling £23m a Freedom of Information request has discovered.

Tory MP Michael Fallon has hit out at the performance-related pay outs claiming the departments which lost the personal details of 25 million people are receiving “rewards for failure”.

The bonus payments are up 22 per cent from £18.9m in 2006-2007 and £2.2m will be shared among a few hundred officials.

The news comes after Alistair Darling attacked the culture of rewarding failure in the City by paying out obscene bonuses.

He said in an interview with the Daily Telegraph: “There is absolutely nothing wrong with giving someone a reward but at the present time when people are going through these difficulties that is something the boards have got to look at.”


Buy-to-let returns rise to 16.3 per cent in 2007

Research from BM Solutions has found that the average total return for a buy-to-let investor was 16.3 per cent in 2007, up from 13.5 per cent in 2006.It says that the average price of a typical BTL property in the UK increased by 10.9 per cent during 2007 to an average of £154,795. The average […]

Advisers are not convinced about generic advice, says

Only 16 per cent of advisers say a generic advice system will improve the take-up of savings products, according to research by The results show that 24 per cent of IFAs believe a generic advice model will lead to a decline in the take-up of savings products and 61 per cent think it will […]

Making the reit move

Despite a fanfare launch last year, real estate invest-ment trusts have yet to capture the imagin-ation of either investorsor advisers.

Aberdeen adds higher-return funds

Aberdeen Asset Management has introduced three Dublin-domiciled core-plus fixed-income funds that will seek higher returns than its existing core pooled range by investing in a broader investment universe.The products are benchmarked against UK indices and will cater for UK pension schemes looking to break free from the traditional mandates made up of gilts and highly-rated […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm