AMP has appointed a managing director for its UK financial services businesses to bring them all under the AMP umbrella. Tom Fraser joins AMP from CGNU, where he was managing director of European business. He was also NU International executive director. His role will be to turn AMP's UK financial services businesses, including Henderson Investors, […]
In a bid to boost pensioners' savings, Chancellor Gordon Brown announced pension credits will increase in line with earnings and not prices when they are introduced in 2003.Pensioners' tax allowances will also rise in line with wages and not prices.
The Inland Revenue has clarified the tax position for individuals transferring the benefits of a joint life insurance policy. Previously, if two unmarried individuals transferred the benefits of a joint policy between them, the transfer was taxable. With the clarification, the person transferring the ownership is liable for tax but only if they get an […]
Best Investment has slammed the Budget as “deeply disappointing for investors”. Deputy managing director Jason Hollands criticised Brown's decision to axe betting duty while leaving stamp duty on share trades.
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]
Theresa May’s announcement from earlier today that she will step down as prime minister on Friday 7 June brought a new direction to deadlocked British political scene. Yet figures from the investment management sector say her resignation does not spell the end of uncertainty, which has been holding back investment decisions. Hermes Investment Management chief […]
The FCA’s Intergenerational Differences paper highlights the difficulties that people in their late 30s to early 50s face in saving for retirement. How can the industry improve their prospects? Grouping people according to age, gender, marital status and how wealthy they are is something product providers and advice firms do to tailor their services to […]