Ascentric Pension Account
Cyprus is considering making substantial changes to its tax regime to make funds registered there more attractive to offshore investors.
Over 4,000 Standard Life unit-linked pension policyholders have seen the value of their pension funds drop, with some down by as much as £30,000, after a pricing error seven years ago. The firm admits 6,800 customers were affected in a reprice in 2001 and 2002, with 4,200 policies overstated and 2,600 understated.
Lloyds Banking Group is axing another 625 jobs in an overhaul of its wholesale banking division.
Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]
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The government is boosting its income from inheritance tax bills because advisers may have failed to communicate the full advantages of new exemptions. Speaking at a seminar yesterday morning, Prudential senior technical manager Graeme Robb pointed to the rise people affected by the increase in the residence nil rate band to £1m for married couples […]
National advice firm Foster Denovo has poached former Towry M&A head Henna Fry to lead its acquisition strategy. Fry played a leading role in the sale of Towry to Tilney Bestinvest before leaving her role in 2016 to become an independent consultant. She will take on the newly created role of head of corporate development […]
The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]