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1 week ago | 
moneyage.co.uk | Dan McGrath |Dan Mcgrath
An estimated 17.9 million Brits are set to be dragged into the basic rate of income tax by 2027/28 as a result of frozen tax thresholds, Quilter has revealed. The wealth management firm said that the current freeze on income tax thresholds has “significantly increased” the number of people paying tax for the first time.
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1 week ago | 
wealthinvestmentnews.co.uk | Dan McGrath |Dan Mcgrath
The Financial Conduct Authority (FCA) has concluded its six-week policy sprint, which aims to support new ways to help consumers make important investment decisions. The regulator’s sprint is part of its work on targeted support, as it looks to tackle the gap between bespoke financial advice and guidance. It comes after the FCA found that just 9 per cent of UK consumers took regulated financial advice in the past year.
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4 weeks ago | 
wealthinvestmentnews.co.uk | Dan McGrath |Dan Mcgrath
Advisers have reported a surge in demand for inheritance tax (IHT) planning advice, with new clients accounting for most of the enquiries, research by Downing has found. The investment manager’s survey of UK financial advisers and wealth managers revealed that 43 per cent said enquiries are mainly coming from new clients, while 17 per cent stated that enquiries are mainly coming from existing clients, and 39 per cent said it’s a mix.
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4 weeks ago | 
chicagobusiness.com | Dan McGrath |Dan Mcgrath
It’s risky to use the Cubs as a reference point in a White Sox-themed anything, but in this case, context is helpful. In 2002, the Cubs slogged to a 67-95 record, fired manager Don Baylor and finished fifth in the National League Central. Among many low points of the Andy MacPhail regime, this was perhaps the lowest. In 2003, with Dusty Baker as manager and energized by some off-season and in-season acquisitions, they went 88-74 — a 21-game improvement — and won the division title.
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1 month ago | 
wealthinvestmentnews.co.uk | Dan McGrath |Dan Mcgrath
Almost a third (31 per cent) of independent financial advisers (IFAs) see succession planning as "vital", research by ValidPath has found. New research by the IFA network revealed that 23 per cent do not view it as a priority for their business, while 9 per cent currently treat succession planning as a central part of their business strategy. This figure increased to 25 per cent among IFAs looking to retire within five years.
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1 month ago | 
moneyage.co.uk | Dan McGrath |Dan Mcgrath
Over £54bn of adult cash ISA savings are earning 2% interest or below, with the majority being held in instant access accounts, Paragon Bank has found. The bank’s analysis of CACI data, which compiles the cash savings deposits of 40 providers, revealed that £52.4bn held in instant access accounts was earning 2% or below, which can be easily switched to higher paying accounts. Furthermore, just £1.7bn was held in fixed rate ISA accounts earning 2% or lower.
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1 month ago | 
moneyage.co.uk | Dan McGrath |Dan Mcgrath
Norton Home Loans has partnered with London & Country (L&C) Mortgages to expand access to its specialist mortgage solutions. The collaboration will give L&C’s customers access to Norton’s range of specialist mortgages, supporting more borrowers with complex financial needs.
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1 month ago | 
moneyage.co.uk | Dan McGrath |Dan Mcgrath
The Financial Conduct Authority (FCA) has fined the founder of Odey Asset Management (OAM) LLP, Crispin Odey, £1.8m and banned him from the UK financial services industry for a "lack of integrity". The regulator said that Odey had "deliberately sought to frustrate OAM’s disciplinary processes into his conduct" in order to protect his own interests. The FCA added that he had also shown disregard for the firm’s governance, causing OAM to breach certain regulatory requirements.
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1 month ago | 
moneyage.co.uk | Dan McGrath |Dan Mcgrath
Chetwood Bank has launched a new range of fixed rate savings accounts to give new and existing customers a choice of short, medium and long-term options. The new products have a minimum deposit of £1,000 with maximum deposit, with savings protected under the Financial Services Compensation Scheme. The expansion of its savings portfolio forms part of Chetwood’s mission to provide “no-nonsense savings products” to UK customers.
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1 month ago | 
moneyage.co.uk | Dan McGrath |Dan Mcgrath
Thirty-one per cent of independent financial advisers (IFAs) have said they see succession planning as "vital", research by ValidPath has found. New research by the IFA network revealed that 23% do not view it as a priority for their business, while 9% currently treat succession planning as a central part of their business strategy. This figure increased to 25% among IFAs looking to retire within five years.
