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Tories to raid pensions tax relief to slash IHT

Prime Minister David Cameron has pledged the Conservatives will create a new threshold for inheritance tax of £1m if elected. The changes would come into effect from April 2017, and will be funded by restrictions on pensions tax relief for those earning more than £150,000.  Annual allowances for savings will be tiered on earnings between […]

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Wells Street Journal: Sun and booze makes Friends Life lose

Something very weird happened to the stockmarket last week. It all started when Friends Life, the provider which has now been subsumed by Aviva, saw its share price plummet almost 6 per cent on the morning of 8 April. So what had caused this mass sell-off? Reports of jitters about the imminent mega merger? Or […]

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Conservatives to appoint Ros Altmann consumer protection minister

Ros Altmann is to be made a peer and appointed as a minister responsible for financial consumer protection and education, if the Conservatives are in government after the election. Altmann’s first task will be to lead a review of the pension reforms, including the future of the Money Advice Service and whether a charge cap […]

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Axa platform to pay exit fees for transferring customers

Customers transferring to Axa Self Investor will be able to claim up £750 per person to pay any exit fees levied by ceding providers. The offer is open to new and existing investors who submit a transfer request between 1 May 2015 and 31 July 2015. However, claims must be made within 30 days of […]

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