Lord McKenzie of Luton has been appointed Parliamentary under-secretary for the Lords at the Department for Work and Pensions. He is currently a spokesman for the Treasury and Government Whip for the DTI.
I was somewhat surprised to learn in last week’s Money Marketing that HM Revenue & Customs is looking to tax gifts to an absolute trust for minors as a chargeable lifetime transfer. This appears to misunderstand what an absolute or bare trust is all about. Trusts are used to create different interests in the same […]
British Insurance is offering a product which pays out a regular income on long-term illness or injury.It has been launched through subsidiary firm Sickpayplus.co.uk and claims to pay monthly benefits backdated to day one if the policyholder is off sick for 30 days or more.It costs 1.35 a month per 100 of monthly benefit for […]
Russia and China funds both returned over 50%.
St James’s Place chief executive Mark Lund has quit in what SJP calls a joint agreement. He joined SJP three years ago and became chief executive in September 2004. He is leaving with an estimated 4m payoff.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]