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Richard Parkin: What is not to love about the Lifetime Isa?

Those of us in the pensions world were waiting to see if there would be a sting in the tail of the Chancellor’s assurance he was not going for a full-scale reform of pension tax relief in last week’s Budget. Would he cut the lifetime and annual allowances further? Would he abolish salary sacrifice for […]

Danby Bloch
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Danby Bloch: Making sense of Osborne’s CGT cuts

The cuts in capital gains tax for most investments are set to make a major difference to tax and investment planning. Just to recap, George Osborne announced in his March Budget the rates of CGT would be reduced by 8 per cent after 5 April for the tax year 2016/17. Most gains that have previously […]

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Asset managers hiding £1.75bn in fees, report claims

Asset managers are hiding £1.75bn in fees each year by not declaring portfolio turnover and transaction costs, claims SCM Direct. The investment manager, which campaigns on charges transparency, says hidden execution and research costs and transaction taxes amount to 0.38 per cent of fund assets a year on average. SCM Direct has used the transaction costs […]

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