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Tories brand end of bereavement allowance an insult

The Tories are to make a last ditch bid to amend the finance bill and save the bereavement allowance for widows over 60.

Tory Treasury spokesman Nick Gibb will put down an amendment to the bill this week.

Before the Budget, widows were entitled to an allowance equal to the married couples allowance for two years following their deaths, but this has been replaced by a means-tested payment that will be available only to widows under pension age.

Gibb says: “People in their early 60s are seen by Labour as a soft touch. They are being taxed and taxed again and again. It is quite disgraceful.”


Cater Allen cuts interest rates

Cater Allen Bank has cut the rate on its cash management account by 0.125 per cent.The move follows the recent decision by the Bank of England to reduce base rates by 0.25 per cent.The account has four interest rate tiers with the minimum balance of £5,000 earning 3.68 per cent gross, while investments in the […]

Murray appointed to Hodgson Martin board

Investment manager Hodgson Martin has appointed Norman Murray to its board.Murray, who was a co-founder of Morgan Grenfell Private Equity, joins the Edinburgh based independent investment managers as a non-executive director.Murray is currently a non-executive director at a number of other companies and is chairman of the AIM VCT and Ivory & Sime Equity Advisory […]

Unit trust investors aiming to beat inflation

Investors in unit trusts consider beating inflation a satisfactory return according to the latest Autif research.The survey, conducted as part of autif&#39s Facet&#39s survey, analysed a nationwide sample of investors. It found that 72 per cent would be satified with beating inflation with 48 per cent satisfied with beating deposit rates.The most ambitious investors tended […]

National Savings launches two year Pensioners Bond

National Savings is launching a two-year, fixed-rate Pensioners Bond on June 2.The guarantee income bond which is only available to the over 60&#39s, will pay a monthly income of 5 per cent gross.The minimum investment is £500 with the maximum of £50,000 for individual or £100,000 for joint accounts.In his March budget, Chancellor of the […]


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