View more on these topics

Revenue policy on windfalls

Windfalls flowing from demutualisation of a life office are paid to the first named of a joint policy.

This would appear to place the whole of the gain on that first-named person.

However, the Inland Revenue recently published a note about joint policies in Working Together Issue No. 6.

My understanding is that the Revenue will accept a declaration that the amount was received on behalf of both the joint owners and so the gain will be divided between the two.

M Ward

Cumbria Insurance Brokers,

Carlisle

Recommended

Good prospects from F&C

Foreign & Colonial has come up with the with-prospects fund, an Oeic that works in a similar way to a with-profits bond.The fund invests in a portfolio of stocks from the UK and overseas, plus fixed interest investments. It is designed to produce growth over the long term and to provide investors with the benefits […]

BSA chief says make watchdog accountable

The Financial Ombudsman Service has been criticised by Building Societies&#39 Association chairman Martin Ritchley for its lack of accountability on rulings which can cost companies millions of pounds.Speaking at the BSA annual lunch last week, Coventry Building Society chief executive Ritchley said the FOS should be subject to the same safeguards as the FSA as […]

FSA reviews GPPs on charge fears

The FSA is understood to be reviewing GPP sales amid concerns that IFAs are overcharging employers by selling plans with charges over 1 per cent when they could recommend stakeholder.Senior industry sources told Money Marketing the FSA is examining why GPP sales are flourishing despite the availability of stakeholder.IFAs have questioned the move, claiming that […]

IFA online searches increase

Online financial website directory www.find.co.uk says its listing of IFAs rose to the fifth most visited category in October from eighth position in September.Find&#39s traffic figures for last month ranking financial categories in order of most to least visited revealed interest is growing in advice-based products.Venture capital and business finance entered the top ten for […]

thumbnail

What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com