News

The Chancellor has announced cuts to pensions tax relief from 2014/15, meaning individuals will only be able to put away £40,000 annually free of tax.

The Office for Budget Responsibility (OBR) has downgraded its outlook for the UK economy.

Stephen Shone, finance director at Royal London, is to step down from the role and be replaced by Kerr Luscombe.

The Pensions Regulator (TPR) has forbidden auto-enrolment into small defined contribution (DC) and high-charging legacy schemes.

AUTUMN STATEMENT

Retirees with pension pots worth less than £18,000 will no longer have to pay higher-tax rate when taking a pension pot as cash, according to reports today.

The Financial Ombudsman Service (FOS) has revealed details of a Keydata claim where it ruled against the IFA but decided no redress would be paid to the investor.

Log on to IFAonline from 12.30pm as we bring you measure-by-measure coverage as Chancellor George Osborne makes his statement to the House of Commons.

Brewin Dolphin's discretionary funds rose 16.7% to £18.2bn at 30 September 2012, up from £15.6bn the year before.

Reinsurer Swiss Re could be on the hook for $1bn in damages over a life insurance deal agreed with Warren Buffett's Berkshire Hathaway conglomerate, according to reports.