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NS&I begins in-store pilot with Tesco

National Savings & Investments’ brochures for premium bonds and savings products will be available in 50 Tesco stores from today.
The pilot stores cover England, Scotland and Wales and will be rolled out across the retail giant’s 450 nationwide stores if the scheme takes off.
Brochures available include premium bonds information and information on NS&I capital protected investments and inflation-linked bonds. Consumers can invest through phone, web or postal means detailed in the brochures.


Revenue drops controversial proposal for one-off levy on non-profit funds

HM Revenue & Customs has dropped plans to tax investment reserves on insurers’ non-profit funds following intensive lobbying by the ABI. Legal & General says the removal of the charge, which would have been a one-off levy on non-profit funds that do not pay out income and gains, will save it up to 500m. The […]

Young takes over Sesame role as Bryant quits

Sesame commercial director Charles Bryant is to join Deutsche Bank as a director within its European Technology Group. Sales director Steve Young becomes the network’s new sales and marketing director and takes responsibility for the commercial function, including provider relations. Young joined Sesame in 2002 after 14 years at Halifax, latt- erly as head of […]

IFP looks at tactics against the CII’s charter

The Institute of Financial Planning will hold a board meeting next week to decide its plan of action against the Chartered Insurance Institute’s launch of chartered status. The IFP is threatening legal action over the CII’s recent launch of a chartered financial planner qualification. Although the CII has been forbidden by the Privy Council to […]

Inheritance tax – How to declare and who pays

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays the tax. To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB is […]


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