Out of context

“When I get unknown missed calls it’s usually either Money Marketing or PPI misselling”

Carr Consulting & Communications managing director Kevin Carr gambles every time he picks up the phone

“It sounds like some kind of play pen”

F&TRC’s Ian McKenna is confused by the Treasury’s use of the term ‘regulatory sandbox’ in the Budget

“My liver couldn’t take it”

Sense development manager Philip Bray turns down an offer to become an MM reporter

“I keep getting told off for not saying the words Liberal Democrats often enough” 

Pensions minister Steve Webb isn’t toeing the party line



MPs: HMRC ‘fighting an uphill battle’ on tax cheats

An investigation into improving tax collection by Parliament’s Public Accounts Committee has reported that HMRC is failing to clamp down on both evasion and aggressive tax avoidance. Committee chair Margaret Hodge says the “complexity of tax law and constraints on HMRC’s resources” mean the Revenue is “fighting an uphill battle against those who are determined […]


Conflicting drawdown assumptions ‘recipe for confusion’

The wide range of investment assumptions made by drawdown providers are a “recipe for confusion” for customers, experts say. A survey conducted by CTC Software of over 30 providers shows a 3.8 percentage point difference between the lowest mid-rate return on equities, 4.4 per cent, and the highest – 8.2 per cent. Likewise, there is […]

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Former Logica manager jailed for insider dealing

The former group reporting and financial planning manager of IT firm Logica has been jailed for 10 months in an insider dealing case brought by the FCA. Ryan Willmott pleaded guilty to three instances of insider dealing last month. In a hearing at Southwark Crown Court today, he has been sentenced to 10 months imprisonment […]

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FCA reviews independence standards as Mifid II deadline approaches

The FCA is reviewing the standards advisers must reach to hold themselves out as ‘independent’ ahead of the introduction of Mifid II reforms in January 2017. The Mifid II changes are designed to strengthen protections for retail investors across the EU through limits to the use of commissions, stricter requirements for product design and distribution, […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


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