Teenagers at GCSE level age should spend more of their school time being taught basic Financial Planning, a CFP professional has suggested, as youngsters pick up their GCSE exam results this morning.
A pensions expert says she has been disturbed to discover the new freedoms may be working to the detriment of many retirees as they take out their cash and stash it in savings accounts, suffering a tax hit as a consequence.
Details on dividend tax credit changes provided by HMRC are ‘misleading’, an accountancy firm has claimed.
Six years in jail looms for a former financial advisor who stole over £356,000 from four elderly and vulnerable people, including one with cerebral palsy, the Crown Prosecution Service has reported.
A pensions expert dubbed Mr Sipp says “huge damage” is being caused to the Sipp market by scandals related to failings in the sector.
Face to face meetings between IFP members and the board about a proposed merger with the CISI continue in Birmingham tomorrow.
Radical reforms to pensions that enable them to be taxed like ISAs would endanger the chances of creating a national savings culture, a pension firm chief claims.
Inflation rose slightly in July, moving to 0.1%, after it had fallen flat again in June.
Further details on the changes to the taxation of dividends announced in the last Budget have been released by HMRC.
About 60% of pension holders aged 55 or over would only be willing to stump up a maximum of £200 for financial advice when they withdraw from their pension, research suggests.