Parents want more information on the Government's child trust fund, research from the Children's Mutual has found. The research has found parents of the first eligible Child Trust Fund recipients plan to build on government allowance but are “crying out” for more information on the scheme. The research reveals 79 per cent of parents with children aged one and under are likely to top up Government offer to help their children for the future. It also shows 92 per cent of respondents want more information on the Child Trust Fund and that about one third (34 per cent) were not even aware of the Child Trust Fund.
The ABI has gone into battle for product providers in a bid to ensure they do not have to pick up the tab for admin costs incurred as the Inland Revenue works to put right its blunders on age-related rebates.It is welcoming the Revenue's proposal to calculate investor redress for the errors on a case-by-case […]
I am sure that all IFAs reading Dave Harris's letter were as appalled as I was at the shoddy and unprofessional way that Prudential treated him (Money Marketing, September 4).I have been equally appalled at the attitude and unprofessional conduct of Prudential in that it has totally ignored the Data Protection Act and released comprehensive […]
UK consumers are wasting over £725 million each year by not shopping around for competitive loan rates, according to research from The MarketPlace at Bradford & Bingley. Fifty seven per cent of people would go straight to their bank or building society if they needed to take out a loan. The research attributes this reluctance […]
Type: Fixed-rate mortgage Fixed term: Seven years Fixed rate: 4.99% Minimum loan: £25,001 Maximum loan: Up to 95% of valuation subject to a maximum loan of £1mIncome multiples: Up to 3.5 times principal income plus second for borrowers earning less than £20,000 a year, up to four times principal income plus second for borrowers earning […]
Re-enrolment is a sizeable task, and requires proper planning. You must ensure that eligible staff who are not already in your auto-enrolment pension scheme are put back into it.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]