News

The Chancellor, George Osborne, is set to make a cut to the top rate of income tax his headline measure in next week's Budget, as the Liberal Democrats have eased their opposition to the move in exchange for other concessions.

The Association of Independent Financial Advisers (AIFA) has written to George Osborne ahead of the proposed changes to pensions tax relief in next week's Budget.

The UK will lose its AAA credit rating by December, MAM Funds' Simon Callow has said, after Fitch became the second ratings agency to place the economy on negative watch.

European Union (EU) moves to harmonise pension rules across member states will leave British pensioners "impoverished", Ros Altmann has warned.

The National Employment Savings Trust and Aegon have signed a formal agreement to offer an integrated auto-enrolment proposition.

Mark Hoban has admitted there is "no perfect solution" to the funding for the Financial Services Compensation Scheme (FSCS) but insisted it is the industry which should pay for any failures.

Employee-owned companies such as the John Lewis department store could be given capital gains tax (CGT) breaks, under plans being drawn up by deputy Prime Minister Nick Clegg.

Following on from its co-branded QROPS proposition with Concept Group, Skandia International has also launched a co-branded QNUPS - qualifying non-UK pension scheme - also with Concept Group.

F&C Asset Management has reported £7.2bn of net outflows for 2011, during a tough year for the group as activist investor Edward Bramson seeks to turnaround the firm's fortunes.

Insurers insist NEST should retain its current transfer ban and contribution cap ahead of the roll out of auto-enrolment.