View more on these topics

MPC leaves rates on hold

The Bank of England’s monetary policy committee decides to leave rates on hold for this month.

The Derbyshire head of intermediary support and development Tony Capon says: “Minutes from the 3-4 August meeting showed the bank’s nine-member MPC voted 5-4 in favour of the quarter-percentage-point cut.

“Todays decision clearly shows a less certain approach to further rate cuts from the committee and more evidence will be required before the Bank will consider a further cut. The earliest likely date for a cut in rates will be November to coincide with the quarterly inflation bulletin.”


Be diligent on disclosure

To be a professional means more than merely having a job, it involves striving to achieve the highest standards.

FSA approves Britannic merger

The merger of Britannic Group and Resolution Group has been appro- ved by the FSA. The new closed life fund consolidator will now be called Resolution plc.

There’s life in the old s32 yet

I am very pleased that the Revenue has changed its mind about allowing schemes which wind up after A-Day to protect tax-free cash greater than 25 per cent, where the receiving vehicle can be any registered scheme.

Women’s IFA group broadens awards

The Women’s Financial Ad-viser Group is gearing up for a new award scheme after rebranding and moving to encompass a wider swathe of the female adviser market. The enlarged awards will include whole of market advisers, multi-tie, tied, mortgage advisers and paraplanners, as well as the original award of best female independent financial adviser. The […]

Health - thumbnail

Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.


News and expert analysis straight to your inbox

Sign up


    Leave a comment