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3 weeks ago | 
moneymarketing.co.uk | Momodou Musa Touray |Kimberley Dondo |Alan Hughes |Alistair McQueen
Brooks Macdonald has moved its listing from the Alternative Investment Market (AIM) to the main market of the London Stock Exchange. The move, announced in a trading update this morning (28 March), is aimed at “broadening” the wealth manager’s shareholder base. Brooks Macdonald has been listed on AIM since 2005. In January, it revealed plans to move from AIM to the LSE main market on the back of strong financial results.
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1 month ago | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Darius McDermott |Alistair McQueen
The stocks and shares Isa should be renamed ‘investment Isa’, Association of Investment Companies chief executive Richard Stone has told Money Marketing. Stone admitted this might sound “trite”, but he believes it would make a difference. “If you could do something that changes how people respond and react to the Isa, that would be great,” he added. He also would make this rebrand part of the Isa simplification process.
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Jan 24, 2025 | 
moneymarketing.co.uk | Kimberley Dondo |Amanda Newman Smith |Darius McQuaid |Alistair McQueen
Money Marketing’s Weekly Must-Reads: Top 10 StoriesThis week, Ros Altmann discusses the consequences of removing IHT exemptions for unused pension funds, while campaigners celebrate a victory as HMRC prepares to address the ‘scandal’ of overtaxed pensions.
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Jan 22, 2025 | 
moneymarketing.co.uk | Dan Cooper |Alistair McQueen |Momodou Musa Touray |Kimberley Dondo
An HMRC system that has over-taxed pensioners to the tune of £1.3bn since 2015 is finally set to be overhauled following years of campaigning. When Pension Freedoms were introduced in April 2015, savers with defined contribution (DC) type pensions were allowed to take their pension out in chunks, rather than being forced to buy an income for life.
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Jan 22, 2025 | 
moneymarketing.co.uk | Alistair McQueen |Darius McQuaid |Momodou Musa Touray
Did you set yourself a new year resolution? If you did, you’re not alone. According to research from the pollster YouGov, more than a quarter of us began the year with great intentions. Are you still sticking to your resolution? If not, don’t be hard on yourself. For one in five of us, our better way doesn’t make it past January. I began 2025 with the inspiration of the “blue zones” – the five corners of the world that are noted for their longer and healthier lives.
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Nov 7, 2024 | 
moneymarketing.co.uk | Dan Cooper |Andy Bell |Kimberley Dondo |Alistair McQueen
Experts from across the financial service sector have been giving their reaction after the Bank of England cut rates by a quarter of a percentage point to 4.75%. The Bank’s monetary policy committee (MPC) voted 8:1 in favour of the cut at lunchtime today (7 November), with one member voting for a hold. It is the second time this year the MPC has opted to slash rates.
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Nov 4, 2024 | 
moneymarketing.co.uk | Greg Neall |Alistair McQueen
It’s impossible to count the number of headlines written over the last few months declaring the 25% tax-free pension lump sum was in danger of being scrapped in last week’s Budget to boost clicks and comments. Anyone with a working brain and the slightest bit of political nous could see there was no way the chancellor would do something so politically suicidal, especially after the Winter Fuel Allowance fiasco. Shame on those claiming it was ever likely.
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Oct 30, 2024 | 
moneymarketing.co.uk | Alistair McQueen |Momodou Musa Touray |Andy Bell
Chancellor Rachel Reeves left the Lifetime Isa untouched during her Autumn Budget speech today (30 October). Calls were made ahead of the Budget for her to reduce the early withdrawal charge on the Lifetime Isa (Lisa) from 25% to 20%. Some commentators have also argued that the Lisa limit should be raised to £600,000. The 25% early withdrawal charge currently imposed effectively acts as a 6.25% exit penalty. AJ Bell director of public policy Tom Selby slammed the charge as “deeply unfair”.
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Oct 30, 2024 | 
moneymarketing.co.uk | Alistair McQueen |Momodou Musa Touray
Last month, former US president Jimmy Carter reached 100 years old. He briefly raised a spirit of celebration at a time when the world appeared to be otherwise clouded in doom and gloom. But even this apparent good news can be met with caution and concern. “Can we cope with our ageing population?”, is a common riposte. This short question carries no short answer. And I accept this little column cannot do such a big question justice. But let me at least present some reasons for optimism.
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Aug 8, 2024 | 
moneymarketing.co.uk | Dan Cooper |Alistair McQueen |Darius McQuaid
Savers reclaimed £57m in overtaxation on pension withdrawals in April, May and June 2024, new HMRC figures show. Over 16,000 reclaim forms were processed during the quarter, with an average reclaim of £3,540 – the third highest figure on record. Almost £1.3bn has now been reclaimed by people overtaxed on pension withdrawals since 2015. Tom Selby, director of public policy at AJ Bell said HMRC’s outdated approach to the taxation of flexible pension withdrawals continues to hit hard-working savers.
