Advisers have welcomed Tory calls to scrap stamp duty on shares but question whether the policy on its own will boost long-term saving.Conservative Shadow Chancellor George Osborne this week revealed that the party’s tax commission is looking at cutting or abolishing stamp duty on shares, which would cost the Treasury 4bn a year. Hargreaves Lansdown head of pensions research Tom McPhail says it a good piece of political manoeuvring but is sceptical about Tory claims that the move will increase savings. McPhail says: “It is undoubtedly good that people’s savings will grow faster but whether it would act as a catalyst to get more people to save is up for debate.” Richard Jacobs Pension & Trustee Services managing director Richard Jacobs says the move will not make a difference to people’s savings habits but could be good news if it signals a genuine desire to begin rolling back current taxes on savings.
The recent problems at Heathrow left me no option other than to drive to Scotland after British Airways could get me there but not bring me back. All the recent cancellations came as no surprise, having witnessed the understaffed approach to security when last going for a flight at the crack of dawn.
It is time we saw real progress in opening up borders for pan-European marketing
Service provider Threesixty is hosting a series of seminars throughout September on protection issues. The next series of its key issues seminars will examine the opportunities afforded by writing policies into trust in both the business protection and the new pension term assurance markets, as well as help IFAs choose the right products from the […]
Pension guru Steve Bee has attacked the Government for criticising advisers while failing to provide the public with information about the simplified pension regime. Scottish Life’s head of pensions strategy says there is still no simple literature available from Government departments which clearly explains the opportunities offered by A-Day, especially in complex areas such as […]
Fiona Tait takes a closer look at the Department for Work & Pensions’ forthcoming review of automatic enrolment In December, pensions minister Richard Harrington announced the scope of the DWP’s forthcoming review of automatic enrolment (AE). The review will look at AE coverage, as well as the current thresholds and age criteria. In other words: […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]