A quarter of UK adults might need financial advice, but have not taken any in the last twelve months, an FCA study has found. Just three per cent of UK adults aged 35 to 44 have had regulated financial advice in the last year, the flagship survey of around 12,000 people shows. 21 per cent […]
Providers are calling on the Work and Pensions Select Committee to tackle the advice gap and tax on pension withdrawals in its review of pension freedoms. The committee said last month it was opening an inquiry into whether the pension freedoms are achieving their objectives and if policy changes are needed. In its submission to […]
The Treasury select committee remains concerned about political influence over an FCA consultation on UK listing rules as the regulator confirms it met with a Saudi Arabian oil major shortly before announcing the proposed changes. The FCA announced in June it was fast tracking a consultation on proposals to create a new premium listings category […]
Prudential is sounding out potential buyers as it prepares a four-way break-up of its £10bn annuity book in the UK, according to reports. The insurance giant has told buyers in the last few weeks that four chunks of annuity book valued at between £2bn and £3bn each will be offered. To attract a range of […]
The Government has announced future reductions in the rate of corporation tax. Will this affect the ‘internal’ taxation of Authorised Investment Funds? Read more
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