Philip Hammond’s billion pound raid on salary sacrifice will see products bought through flex lose tax and National Insurance advantages, in a bid to equalise the tax treatment of employees receiving benefits...
The Government is reducing the money purchase annual allowance for those who draw benefits, substantially closing a multi-billion loophole created by George Osborne’s pension freedoms policy. The move, designed to close down...
The Chancellor is increasing insurance premium tax (IPT) from 10 per cent to 12 per cent, making UK PMI subject to the highest tax in the EU. The increase means IPT has...
Chancellor Philip Hammond has abolished the Autumn Statement and will move the annual Budget from Spring to Autumn. In his first Autumn Statement, Hammond says the move reflects best practice around the...
The Australian private medical insurance sector treats 40 per cent of all the hospital admissions with tax incentives costing the nation’s government 7 per cent of its total healthcare spend. Speaking at...
Group critical illness policies have been attacked for having payout rates 12 per cent lower than individual policies, with one industry figure describing the figures as reflecting a ‘dysfunctional’ product. F&TRC director...
Big Data’s ability to identify consumers who do not switch to more cost effective products should not be exploited by financial services providers says FCA chief executive Andrew Bailey. Speaking at the...
Three in four employees would need to make cutbacks within a month if they had to rely on Statutory Sick Pay, research from Legal & General has found. The poll found almost...
The Government is set to unveil a crackdown on the abuse of small self-administered schemes (SSASs), when it confirms a ban on pension cold calling in the Autumn Statement on Wednesday. But...
The Chancellor should use his first Autumn Statement to tackle the elderly care crisis by introducing ‘elderly care vouchers’, a new Care Isa and employer care savings plans, says former pension minister...
