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MEPs in probe on Equitable Life

A delegation of MEPs from the European Parliament committee of inquiry is to visit London on October 16 to take evidence on whether UK regulators supervised Equitable Life’s practices rigorously enough.

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Brown reckoned to be moving to axe or tax Asps

Fears are growing that Chancellor Gordon Brown will introduce plans to reduce the attractiveness of alternatively secured pensions or scrap them entirely in this year’s pre-Budget report. The Treasury originally raised concern in September by warning Money Market- ing that it would scrap Asps if advisers continued to “wilfully abuse” them to avoid inheritance tax. […]

Sporting chance

I am a great fan of Fidelity and have supported it for over 20 years. I enjoyed its recent Investment Forum but I have given up pestering it to consider using its wonderful research capability to launch a range of ethical and socially responsible funds. The distasteful part of investment seminars is the enjoyment of […]

Woolwich launches City Bonus mortgage

Woolwich has launched what it is calling the ‘City Bonus’ mortgage to target bankers, brokers, consultants and entrepreneurs who expect large bonuses this winter.It says that only those who wish to borrow over £500,000 need apply. The new discounted tracker with an offset facility starts as a 0.51 per cent discount below the bank’s base […]

Exceptions to the rule

Continuing to analyse HMRC Capital Taxes’ advice on the application of the ‘not less than premiums paid’ rule

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