Law firm Beachcroft Wansboroughs is launching an independent research programme into the impact of the FSA’s Arrow visits on firms. The FSA is reviewing its Arrow visits, the regulator’s main supervisory tool in assessing the risk that firms pose to its statutory objectives. Beachcroft will present its findings to the FSA and the Financial Services […]
Which? has published a book called Giving and Inheriting, aimed at flagging the deadlines for pre-owned assets tax.The book points out that even with modest earnings, as the IHT threshold is currently 275,000 increasingly more homeowners are at risk of bequeathing estates that will be due tax. POAT, introduced in April, aims to plug loopholes […]
The Bank of England’s monetary policy committee decides to leave rates on hold for this month.The Derbyshire head of intermediary support and development Tony Capon says: “Minutes from the 3-4 August meeting showed the bank’s nine-member MPC voted 5-4 in favour of the quarter-percentage-point cut. “Todays decision clearly shows a less certain approach to further […]
The silly season is not yet behind us. Eager to keep us in the summer spirit, Abbey lets us know that more than nine million UK adults would buy relationship insurance, should such a thing exist. Can’t imagine many insurers would be willing to under-write the likes of Liz Taylor or Joan Collins, though.
By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]
National IFA LEBC is calling for technology to help older vulnerable clients handle their finances if their partner becomes critically ill or passes away. LEBC says there is a need to promote financial capability in older couples and it has been shortlisted for an award where it could win the backing of a tech provider […]