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Govt eyes pension tax relief reform to boost younger savers

The Government is considering reform to pension tax relief which would provide bigger incentives to save for younger workers rather than older savers. The Times reports the Treasury is considering a policy proposal where the Government would offer different top-ups to pensions contributions based on the individual’s age. Under the proposal, the Government would offer […]

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RBS’s £100m legal bill over investor bailout

Royal Bank of Scotland has run up legal costs of over £100m in its bid to defend claims it misled investors ahead of the bank’s collapse in 2008. The Times reports the action being led by the RBS Shareholder Action Group has so far cost the bank £86.2m, according to court filings by RBS’s lawyers […]

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Axa Wealth chief to exit amid business sell-off

Axa Wealth chief executive Mike Kellard is set to leave the business as parts of Axa are sold off. Standard Life acquired Axa’s Elevate platform in April. Axa then sold Embassy, its off-platform investment and pension division, and Sun Life, its direct protection business, to Phoenix the following month. Axa kept hold of its multi-manager investment […]

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Nutmeg: ‘We are not threatened by Vanguard’

Online investment manager Nutmeg is not threatened but “excited” at Vanguard’s breakthrough into the UK direct-to-consumer market, Nutmeg chief investment officer Shaun Port says. Earlier this month Money Marketing revealed Vanguard will launch its D2C offering within six months. Port told Money Marketing: “We don’t look this as a threat at all. This is a market […]

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Your top 5 queries about chargeable events

So far this year, members of Canada Life’s ican technical team have answered over 3,000 queries from advisers on a wide variety of subjects. One of the main topics of conversation has been chargeable events, and below are the top 5 most common queries. No. 1. Entitlement to personal allowances The growth in the value […]

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