View more on these topics

The Portman expelled plan Ombudsman appeal

Five hundred carpetbaggers expelled by the Portman Building Society may soon be able to appeal to the Building Society Ombudsman

The aggrieved former members were expelled from the society in January after campaigning for the Portman to demutualise.

The expelled members were offered just £50 compensation for their inconvenience.

They have been going through Portman&#39s internal complaints system since then, but a deadlock has been reached.

A spokesman for Portman says only a “handful” of the carpetbaggers have accepted an offer of reinstatement.

Acceptance would have meant signing away rights to future windfalls for five years under the society&#39s new charitable assignments scheme.


Weak attempt to stamp on house price inflation

IFAs are branding the Chancellor&#39s increases in stamp duty on property a damp squib which will do nothing to slow the runaway housing market.The Chancellor raised stamp duty by 0.5 per cent to 4 per cent on property sales above £500,000 and 3 per cent on sales above £250,000.Below the £250,000 threshold, the figure remains […]


Following the introduction of the Individual Savings Account (ISA) last year, it is hardly surprising that there were no announcements of any new scheme under this heading. However the Chancellor announced that the first year limit for the ISA subscription (£7000) which was due to reduce to £5000 from 6 April 2000 will instead be […]

Pensioners face future cost crunch

Workers will need to save “far more” than 10 per cent of their salaries just to get the same provision as today&#39s pensioners according to a report by the Faculty and Institute of Actuaries.Young people may have to pay as much as three time the amount paid by their parent&#39s generation.The actuaries urge pension providers […]

Duty is still in eye of the new holder

The stamp-out stamp duty campaign has vowed to continue despite being conspicuously ignored in this year&#39s Budget.Stamp duty on shares is a purchase tax collected at the rate of 0.5 per cent whenever an investor buys stocks. In many overseas markets, no equivalent duty exists. It generates about £3bn a year for Treasury coffers.Industry sources […]


Guide: reporting to the Pensions Regulator — what and when?

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.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm