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News

Income

Tesco move will lift OMO market, says McPhail

The "high profile" of Tesco will boost retirees' inclination to shop around for the most appropriate pension income product after the supermarket giant announced it is to launch an annuity comparison service, according to Tom McPhail.

clock 23 April 2013 •

Tax Planning

Bristol and West loses £30m corporation tax avoidance case

Bristol and West, which is owned by the Bank of Ireland, has lost an attempt at a Tax Tribunal to avoid paying about £30m tax on a £91m gain.

clock 23 April 2013 •

Critical Illness

Broker launches e-petition to scrap tax on PMI

An insurance broker has launched an e-petition to reinstate tax relief on private medical insurance following a decade of price rises for consumers.

clock 23 April 2013 •

Wrap/platforms

Ascentric predicts re-registration 'chaos' following platform paper

Ascentric has become one of the first platforms to explicitly rule out lobbying for super-clean share classes.

clock 23 April 2013 •

Investment Trusts

Henderson Global trust eyes mandate change

The board of the £156m Henderson Global trust, managed by Brian O'Neill, is proposing to change its benchmark to reduce its hefty exposure to UK equities.

clock 23 April 2013 •

Investment

Harlequin files for administration

Harlequin Management Services (South East), which trades as Harlequin Property, has filed a notice of intention to appoint administrators at the High Court of Justice.

clock 23 April 2013 •

Regulation

PwC: we're nervous about 'seductive' regulation

Too much regulation - instead of instilling greater trust in the financial services industry - can have the opposite effect, according to Richard Sexton, reputation and policy director at PricewaterhouseCoopers (PwC).

clock 23 April 2013 •

Offshore Investment

Qatar consults on new insurance rules

The Qatar Financial Centre Regulatory Authority has opened up a consultation process on the state's proposed rule changes which will update and strengthen the regulatory regime for (re)insurance business aligning it more closely with international best...

clock 23 April 2013 •

Economics / Markets

Towry continues aggressive expansion with more hires

Towry has added to a growing list of new arrivals, as the firm plans to expand through acquisitions following an aborted float.

clock 23 April 2013 •

Investment

DWP reveals automatic small pot transfer system

The Department for Work and Pensions has confirmed it will create an ‘automatic transfer' system for small pots of less than £10,000, allowing workers to take their pensions with them from job to job.

clock 23 April 2013 •
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