News

The Pensions Bill which raises the state pension age (SPA) to 66 by 2020 has passed its third reading in the House of Commons with 287 votes to 242.

About six million people are set to receive tax rebates averaging £400, while another million will learn they have underpaid their tax by about £600.

The governor of the Bank of England has predicted inflation is now at, or close to, its peak rate and will fall back "sharply" early next year.

Speaker of the House of Commons John Bercow will not suffer any cuts to his pension although MPs, the Prime Minister and the Chancellor will see reform to theirs.

Institute of Financial Planning (IFP) chief executive Nick Cann will tell MPs the increasing layers of regulation faced by financial advisers will not improve the public's access to advice when he appears in Parliament this week.

The narrowing gap between CPI and RPI inflation means pensions schemes will save just 60p a week for each scheme member by switching to CPI, KPMG says.

Disability charities are horrified at government plans to cut employment and support allowance (ESA) during appeals.

State Street Global Advisors has hired Hein Kuijpers to help build the SPDR ETF brand in the Benelux region - Belgium, the Netherlands and Luxembourg.

Swiss bank account holders who have legitimate reasons for keeping their money offshore may still be on the taxman's hit list, accountants warned.

Savers must grab the opportunity to save when the ISA limit increases by £600 in the next tax year, Danny Cox, head of advice at Hargreaves Lansdown said.