Liberal Democrats backed plans to scrap higher-rate pension tax relief and raise the inheritance tax threshold at their Brighton conference this week. LibDems also want a 4p cut in the basic rate of income tax and a reform of housing stamp duty.
Pension consultant Ros Altmann claims that while the government is promising Northern Rock customers that their savings are protected, victims of collapsed final salary protection schemes are still fighting for their money.
The US central bank has made the move to cut rates to 4.75 per cent from 5.25 per cent amidst the sub-prime turmoil.New Star Asset Management chief economist Simon Ward says: “The Federal Open Market Committee’s decision to lower the Fed funds and discount rates by 50 b.p. represents a bold attempt to forestall the […]
Leading pension consultants Malcolm Small and Ros Altmann say the UK pensions sector is no longer fit for purpose and is in urgent need of a radical overhaul.Small, editor of The Pensions Report 2007 due for release in October, says this year’s report shows the pension crisis is steadily worsening, with ever-increasing numbers of consumers […]
Pioneering non-conforming lender Kensington has reduced its adverse maximum loan to value to 75 per cent as it swit-ches focus to prime mortgages.
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike. The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge rates higher in December […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]