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 […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The composition of emerging market indices reveals stocks less tied to the commodity cycle have been taking a larger share in recent years
Aviva has pledged to have the full version of its new platform up and running imminently after a blackout period over the weekend. The provider scheduled five days of downtime from last Wednesday through to Monday, but advisers have complained to Money Marketing that the platform was not accepting applications or running quotes as of […]
The cost of pensions tax relief for employers is £950m higher than originally estimated for the 2016/17 financial year according to figures published by HM Revenue and Customs. Its updated estimates on the cost of tax relief show the bill for relief on National Insurance Contributions for employers is higher than previously thought. Meanwhile the […]