The UK’s highest court is to hear an appeal by HMRC over two offshore schemes used by banks to shield staff payments from tax. The tax office will attempt to convince the Supreme Court that UBS and Deutsche Bank used the schemes to avoid tax in 2003 and 2004, the FT reports. Employees received shares […]
Prime Minister David Cameron will announce today that a Conservative government would extend the Right to Buy programme to 1.3m housing association tenants. Some 500,000 housing association tenants can currently purchase their homes under the existing “Right to Acquire” scheme. The Conservatives would also raise the discount offered to housing association tenants to match the […]
Advisers waiting for a flood of products to meet the demands of the new pension freedoms have been told to expect “evolution, not revolution”. Pension freedom day finally arrived this week, giving savers greater control over their pensions than ever before. Commentators have predicted there will not be a flurry of new products to serve […]
HSBC chairman Douglas Flint has promised shareholders the bank will re-evaluate the location of its headquarters. Speaking at a shareholder meeting in Hong Kong ahead of the bank’s London annual general meeting on 5 May, Flint was asked by investors about the location of the bank. According to reports, Flint said: “We are beginning to […]
Fiona Hanrahan – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]
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