The Treasury has warned a vote to leave the European Union would trigger a year-long recession and a 3.6 per cent decline in economic growth. According to the BBC, Chancellor George Osborne says in a Treasury study the UK would suffer an “immediate and profound” economic shock of its own making in the event of a […]
Last month, I was lucky enough to attend the latest Personal Finance Society graduation ceremony. Held in the splendour of the City of London’s Insurance Hall, I joined more than 100 other chartered financial planners and fellows of the society to formally graduate. A word of advice for anyone invited to graduate: go. It was a memorable […]
The Serious Fraud Office would be better value for money if its dependence on “blockbuster funding” was reduced, according to a government report that found the SFO’s current funding model is leading to staffing gaps. HM Crown Prosecution Service Inspectorate has published a report into the SFO’s governance arrangements that detailed nine recommendations for improvement. […]
Edenred has partnered with Johnson Fleming to launch an auto-enrolment solution for small to medium-sized enterprises (SME) that will help employers fulfil their pensions obligations.
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A former St James’s Place adviser has been jailed after defrauding clients of more than £840,000 over three years. Mark Pickering was discovered to have used client money to place bets at Betfair, which the gambling business discovered after checking its records. Pickering ran up a total of £1.1m gambling losses. Judge James Sampson, of […]
Advisers have hit out at the Government’s “obsession” of tinkering with pension tax relief as reports suggest older workers could see their tax relief cut in the upcoming Budget. Chancellor Philip Hammond will make his first Autumn Budget announcement on 22 November. Reports suggest that Hammond is eyeing reforms to promote “intergenerational fairness” in the […]
The panels that advise the FCA have told it that ‘regulatory overload’ is an issue for firms. The regulator has four expert panels that advise the FCA on issues affecting groups including small businesses, markets and consumers. Responding to the annual reports of the panels today, the FCA noted that “regulatory overload” was identified as […]