Chelsea Building Society is in advanced talks with Yorkshire Building Society over a potential merger. In August, Chelsea posted a £26m loss for the first half, making provision for a £41m mortgage fraud.
Abbey For Intermediaries – Two Year Tracker Mortgage
There has been a mixed response from advisers to the news of Anthony Bolton return to running money in a new China fund. Skerritt Consulting head of investment Andrew Merricks says: “It would not surprise me if IFAs thinking about going into China will do so now. e is a good manager but people hold […]
Increases to inheritance tax could be on the way in the pre-Budget report, according to reports in the Financial Times.
Billy MackayMarketing directorA J Bell As the Sipp market continues to grow, the strategic direction of others can be of great interest. Some look to muscle in with new Sipp products, some seem keen to dress up old products to look like Sipps in the hope that advisers don’t notice. Some are standing their ground […]
Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]
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The incoming chair of the FCA, former lawyer Charles Randell, has revealed to MPs he invested in a film partnership scheme that has been at the centre of a battle with HM Revenue & Customs. The news represents a fresh blow to the regulator, which has been facing questions over its refusal to publish a […]
What increase in standard lifetime allowance means for clients with fixed protection Mindy has had income for the last three tax years of around £38,000 from her tailoring alterations business. She plans to sell the business and take her pension benefits to fund her day-to-day living expenses when she reaches her 60th birthday in August. […]
Lloyds Banking Group will boost its financial planning and retirement open book assets by more than £50bn by 2020 and is targeting more than one million new pension customers. The group, which includes pension provider Scottish Widows, unveiled its new three-year strategy this morning. The strategy talks of “maximising the group’s capabilities” by increasing financial […]