Transact has reduced its annual charges and aligned them with the cash rates it applies. Alongside the charge cut, which will affect new and existing clients, three of the platform’s rates for cash deposits will increase at the same time. The changes, which will apply from 1 April next year, will see all portfolios with […]
The pensions industry has welcomed government reforms to boost auto-enrolment while raising concerns about their limited scope and time it will take to implement them. In its much anticipated review into auto-enrolment the government says it will lower the age at which people are eligible for a workplace pension from 22 to 18. The government […]
Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
Frenkel Topping has announced it is restructuring its business after changes to clinical negligence and personal injury claims rates materially improved the outlook for the specialist IFA and asset manager. The Manchester-headquartered business announced this morning it has completed its second strategic review for the year, led by its new executive chairman, Paul Richardson, who was […]
After a year of correctly anticipating bund yields (negative) and defaults (Abengoa), James Foster looks forward to a rise in interest rates in 2016.
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