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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 […]

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Insolvency Service: Drawdown pensions out of scope for debt collectors

Savers with drawdown accounts will not be forced to increase the amount of income they take in the event of bankruptcy, the Insolvency Service has confirmed. In March, the Government said “undrawn” pensions were out of debt collectors’ reach. But the definition of undrawn was not made clear. However, in an email seen by Money […]

How tax relief changes will hit pension contributions

The highest earners in the country would lose out more on pensions tax relief under the Conservatives than the Liberal Democrats. Each of the major parties has indicated cutting the tax relief on higher earners following the general election. Scenarios modelled by Fidelity Worldwide Investment show someone earning £250,000 a year and making gross pension […]

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Wells Street Journal: Conservative MP in jammy dodger bribery scandal

Treasury select committee member Jesse Norman is under investigation by police over suggestions he attempted to bribe voters in his constituency of Hereford and South Herefordshire with jammy dodgers. West Mercia Police have confirmed that Norman, who won the seat for the Conservatives in 2010, is under scrutiny after photos emerged of the parliamentary candidate […]

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Multi asset market views

With the world economy continuing to strengthen, Trevor Greetham, Head of Multi Asset at RLAM provides an update on the positioning of our multi asset funds and the Investment Clock. Watch the video here Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed […]

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