Prime Minister David Cameron will announce today that a Conservative government would extend the Right to Buy programme to 1.3m housing association tenants. Some 500,000 housing association tenants can currently purchase their homes under the existing “Right to Acquire” scheme. The Conservatives would also raise the discount offered to housing association tenants to match the […]
Pension tax relief has come under fire this month as the three main political parties unveiled their election manifestos. First to be revealed was the Labour plan to restrict tax relief for top-rate taxpayers (around 300,000 people) to the same level as basic-rate payers: i.e. 20 per cent. The cut would begin at £150,000, tapering […]
Advice firms saw an increase in pre-tax profits of 5 per cent last year as the market began to stabilise, according to Apfa’s latest state of the market report. The annual report shows that pre-tax profit for all firms with an FCA primary category ‘financial adviser’ was £931m last year, up from £884m in 2013. […]
At least three leading Sipp providers would fail to meet the new capital adequacy requirements if they took effect today. Attivo, LV= and Rowanmoor would all meet less than 100 per cent of the capital requirements under the controversial rules, which are due to come into force in September 2016. Under the new rules, providers will be required […]
New figures requested from the Office for National Statistics by Jelf International reveal the countries with the largest numbers of employees working for a UK-controlled parent company (known as UKFAs or UK foreign affiliates).
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