9 June 2016

Paul Kennedy: Dealing with IHT charges on post-2006 trusts

The Finance Act 2006 contained radical changes to the taxation of trusts for inheritance tax purposes. In particular, most types of non-bare trust used for discounted gift schemes created after 21 March 2006 became relevant property trusts and therefore subject, among other things, to a potential charge to IHT on the value of the relevant […]

Hugh Young: Modi puts India back on track

Time flies. Last month saw the second anniversary of the election of Narendra Modi as India’s prime minister. At the time of his election, expectations were sky-high that Modi could set his country on the path to economic success and improve its global standing. Satisfying or even exceeding the hopes and expectations of well over […]


Roger Edwards: Critical illness cover is on life support

To much fanfare, product providers publish their annual new figures in the first quarter of each year. Have they built upon their previous successes? Have they increased their market share? Such declarations give us an insight as to the shape of the provider in question but also about financial services markets in general. In protection, […]


Closing the income protection gap with help from Uncle Sam

Increasing the take up of income protection is a tough nut to crack, not only in the UK but also around the world. Last year, research conducted by the Centre for Economic and Social Inclusion for the Association of British Insurers found that increasing IP coverage from its current level of 11 per cent of […]


Neil Liversidge: Caveat emptor and insistent clients

The Financial Ombudsman Service seems to have reduced the insistent client debate to a selective and capricious interpretation of the “client’s best interest” rule. That is useful for the FOS, of course. It enables it to oil the wheel that squeaks the loudest by ordering placatory handouts at advisers’ expense. The FCA is also a […]


Tony Wickenden: How HMRC could reform chargeable gains

Last week I looked at the first of three options put forward in a HM Revenue and Customs consultation for changing the taxation of part surrenders and part assignments for value, which is based on taxing the economic gain. The consultation document puts forward two examples to show how this could work: one for a […]

Gregg McClymont 480

Gregg McClymont: Don’t blame politicians for constant pension reform

Stability in policymaking is a pre-requisite of a successful long-term savings system. Individuals can hardly be expected to make long-term plans if the rules keep changing, while providers cannot be expected to invest in new technology and systems if the regulatory framework is unstable (the sale of Axa Wealth being the latest example). Yet the […]