Nearly 100,000 Northern Rock borrowers will not see their standard variable rate drop because the lender’s parent company will not pass on the recent Bank of England base rate cut. The Times reports that US private equity firm Cerberus Capital Management will not drop its SVR by 0.25 per cent, as many other lenders have […]
Hargreaves Lansdown has moved 13 index tracker funds into its Wealth 150 Plus list to help investors compare them with active funds across different sectors. The move marks the first time passive funds are part of the list since its creation in 2003. The funds have until now been included on the firm’s Core Tracker […]
The Government is pressing ahead with plans to roll out Lifetime Isas despite criticism over the timing and questions over product features. The Government published its Savings (Government Contributions) Bill yesterday which sets out in legislation how the Lifetime Isa will work in practice. The Bill reiterates that from next April, UK residents aged between […]
Andy Haldane is fast becoming another Martin Wheatley. What I mean is, someone in a position of power who, to paraphrase the former FCA chief exec, speaks first and thinks later. For those who missed the furore, the Bank of England chief economist has exercised advisers and the wider pensions industry for saying property is […]
Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI). Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.
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