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 has confirmed that the pensions lifetime allowance will rise in line with inflation, but savers have been offered little else in the Autumn Budget today. The lifetime allowance will increase from £1m to £1,030,000 to match CPI from 2018/19. Though the maximum amount the can be saved each year into a Junior Isa […]
The Government has outlined a raft of measured designed to bring in an additional £160bn from tax cheats. The seven-year plan lists 18 different ways the Government is looking to raise the revenue. These include extending how long HM Revenue and Customs can go back in time to assess non-compliance for offshore tax evaders. Double […]
Chancellor Philip Hammond has announced the Government will today publish a ‘patient capital’ action plan that aims to unlock £20bn of new investment in UK scale-up businesses. A patient review was announced a year ago and was touted as part of the Government’s industrial strategy to increase productivity and drive growth through breaking down the obstacles […]