Unions representing 1.5m local council workers are to ballot for strike action over plans to raise their retirement age from 60 to 65. These workers were excluded from DTI secretary Alan Johnsons deal with other public sector workers and instead have to negotiate with the Office of the Deputy Prime Minister.
West Bromwich Building Society has set up a Shariah-compliant child trust fund. The baby bond will invest in shares on the FTSE Global Islamic index.
HBOS mortgage managing director Charles Haresnape is confident the firm will retain its position as the UK’s biggest lender despite the anticipated push from RBS this year. Haresnape says the restructure at RBS is a sign that it is playing catch-up with HBOS. He says: “For anyone to rep-lace HBOS at the top, you would […]
Consultancy Impact Plus has called for much greater transparency for multi-tie deals to clear up consumer confusion.
Deutsche Bank’s mortgage lending arm, which is launching later this year, will be called db mortgages. The lender will offer sub-prime, buy-to-let and self-certification mortgages.
Royal London Asset Management UK Equity Fund Managers Martin Cholwill and Richard Marwood look at the compounding effect of dividend growth for UK equities and how it drives returns over time. Read the article in full The value of investments and the income from them is not guaranteed and may go down as well as […]
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HM Revenue & Customs has published guidance on how new income tax bands in Scotland will affect pension schemes and their members. The note is a response to the Scottish Government’s confirmation it will introduce five income tax bands for 2018/19. Pension savers in Scotland currently receive pension tax relief at their marginal rate but […]
SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as […]
Brewin Dolphin has been ranked the preferred DFM in a Money Marketing survey of advisers and paraplanners, well ahead of the next most favoured, Quilter Cheviot. Thirty-three per cent of respondents listed the business as their preferred DFM, followed by 10.2 per cent responding in favour of Quilter Cheviot. LGT Vestra, Brooks Macdonald and Parmenion […]