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McKenzie in move to the DWP

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.

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No trust in HMRC’s knowledge

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 […]

Income cover aims to fill deferred gap

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 […]

Lund leaves SJP with 4m payoff

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.

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