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Financial planning boom boosts Jelf earnings

A surge in pre-tax earnings in Jelf’s financial planning business has helped grow the firm’s revenue by 11 per cent, its interim results show. Pre-tax earnings grew 167 per cent year-on-year in the six months to April in the advisory business, from £112,000 in 2014 to £299,000 this year. The employee benefits division saw earnings […]

Hugh Young

Hugh Young: Why Japan deserves another look

Spring is special in Japan. The blossom of cherry and plum trees invites viewings – or “hanami” – across the country. The tradition speaks to the country’s appreciation of nature and the passing of seasons. But as the Japanese economy picks up momentum, will this rebound prove as ephemeral as the spring cherry blossom? For […]

Bank of England holds base rate at 0.5%

The Bank of England has confirmed the base interest rate will be held at 0.5 per cent for the 74th consecutive month. The Bank’s Monetary Policy Committee has also voted to keep the quantitative easing programme at £375bn, a level that has been maintained since July 2012 when it was increased by £50bn. The Bank’s […]

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Ex-Deutsche Bank trader files court case against FCA

Former Deutsche Bank trader Christian Bitter has filed a court case against the FCA after it fined the bank £227m. In April Deutsche Bank was fined a total of £1.7bn by international regulators for manipulating Libor and Euribor. According to Bloomberg, Bitter claims the FCA improperly identified him in a report accompanying the Deutsche Bank […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]

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