New figures from HMRC have revealed that pensions lifetime allowance (LTA) penalty charges added a record £516m to the Treasury’s coffers in 2022-23, the last full year before it was abolished in April this year.
Read more ...Client money to be added to Dormant Assets Scheme
- Friday, 02 August 2024
- Articles
The FCA is to expand its £1.35bn Dormant Assets Scheme (DAS) to include unclaimed client money and investment assets.
Read more ...FCA to correct Register error after complaint
- Friday, 02 August 2024
- Articles
The FCA has agreed to correct an error on its Register of authorised individuals after a complaint was upheld by the Complaints Commissioner.
Read more ...4 in 5 annuitants missing out on enhanced terms
- Friday, 02 August 2024
- Articles
Over four in five retired annuity holders who would likely qualify for an enhanced annuity do not currently have one, according to new research.
Read more ...Bank of England holds base rate at 5%
- Thursday, 01 August 2024
- Articles
The Bank of England's Monetary Policy Committee (MPC) has voted 8-1 to hold the base rate at 5% in a widely expected decision.
Read more ...MPC votes 5-4 to cut Bank base rate to 5%
- Thursday, 01 August 2024
- Articles
The Bank of England's Monetary Policy Committee (MPC) has voted 5-4 to cut the bank base rate by 0.25 percentage points (0.25%) to 5% - the first cut in over four years.
Read more ...Schroders wealth management business grows 7%
- Thursday, 01 August 2024
- Articles
Net new business for the wealth management arm of asset manager Schroders grew by 7% (£3.7bn) over the six months ended 30 June.
Read more ...2 in 3 Premium Bond holders have never won a prize
- Thursday, 01 August 2024
- Articles
Almost two in three (64%) of current Premium Bond holders have never won a prize, according to new analysis.
Read more ...1 in 5 under-40s face paying higher rate tax by 2027
- Thursday, 01 August 2024
- Articles
One in five under-40s will be dragged into paying higher or additional rate tax by the 2027/28 tax year as a result of frozen income tax thresholds, according to a new report.
Read more ...Evelyn to acquire 3 Northern offices from Haines Watts
- Thursday, 01 August 2024
- Articles
Wealth manager and professional services provider Evelyn Partners is to acquire three offices and 150 staff from Northern accountancy firm Haines Watts.
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