Treasury

UK financial advisers ought to be exempt from complying with an EU directive requiring firms to hold increased capital adequacy positions, the FSA has told government officials

Mutual life office directors should be required to follow the same Combined Code of Corporate Governance as listed companies and provide even greater voting rights when seeking to act in the best interests of members, says the latest report from Paul...

The Treasury has introduced a series of measures, effective from yesterday, which seek to shut down several tax avoidance problems.

Rules governing investment trusts are under scrutiny in the Treasury consultation launched today, which seeks feedback on whether the sector should, as recommended by the Treasury Select Committee, fall under the same regulatory umbrella as other investment...

A BAN on smoking in pubs and restaurants is likely to lose the Treasury an estimated £1.8bn a year in tax, says this morning's Daily Telegraph .

A written response in Hansard, the official record of Parliament, confirms the Inland Revenue has backed off applying pre-owned asset tax (POAT) to equity release schemes, including home reversion, not used for IHT avoidance.

A new government website or new pages on the Treasury website should be available by Friday, devoted to the Child Trust Fund, a source has confirmed to IFAonline

National Savings & Investments will allow investors to buy premium bonds with a regular standing order from next Monday.

Advisers should to be allowed to claw back some of their FSA levy if they actively invest in consumer education of finance, according to a proposal being tabled to the FSA.

The UK government has increased the amount of tax relief available to British film productions to encourage more home grown movies, just months after unveiling VCT tax breaks aimed at the investors in British films.