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Pensions cap concession not enough – Mellon

Despite the Chancellor&#39s move to appease the industry by raising the pensions cap from £1.4m to £1.5m financial services provider Mellon Financial Corporation&#39s human resources & investor solutions group believes the cap will still have a detrimental effect on middle management.
Mellon HR& IS head of technical services Kevin LeGrand believes that Brown&#39s move to up the lifetime limit and made way for the allowance level to be reviewed in the coming years indicated that the Chancellor had listened to some of the industry&#39s concerns.
Le Grand says: “The need for a lifetime limit to exist at all must be properly examined as it will undoubtedly have a major impact on the middle management tier of the workforce that is so important to the UK economy.”


Savings timebomb still ticking

Building societies and high-street banks say this week&#39s Budget does nothing to help savers or homebuyers. Harshest comments have come from West Bromwich Building Society, whose chief executive Andrew Messenger has called the Budget a kick in the teeth for savers and borrowers. He believes failure to address the saving issue is creating a savings […]

Corporate and CGT tax to freeze

The Chancellor has vowed to freeze corporate and capital gains tax over the coming year. Presenting the Government&#39s budget for 2004, Gordon Brown said there were no reasons to increase these taxes at the present time.

HSBC – Performance Plus Isa 25

Type: Capital-protected Toisa Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£9.000 Term: Five years Guarantee: Original capital returned in full regardless of performance of index Return: Up to 100% growth at end of term Closing date: May 7, 2004 Commission: Initial 2% Tel: 0800 181890

Former Sesame member loses out on renewals

Ex-Sesame network member Roy Essex has hit out at the mega-network, saying it is taking a higher percentage of former members&#39 renewal commission than it charges current members. He says when he left Sesame last summer, members were being charged 15 per cent of all commission. The rate was then reduced to 12.5 per cent […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


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