Hargreaves Lansdown chief on spats with the founder, his time at the top and the power of retail investors February 23, 2023 At times of turbulence, retail investors are entirely rational creatures. At least, that’s the view of Chris Hill, the outgoing boss of Britain’s largest retail investment and savings platform, Hargreaves Lansdown. Hill – who has been at the helm of the retail giant since 2016 and is preparing to step down in November – was [...]
Amigo struggling to raise £45m survival cash as it swings to hefty loss February 23, 2023 Beleaguered lending shop Amigo said it was yet to secure the £45m funding it needed for survival today as it swung to a hefty loss in the nine months to the end of December. The controversial Bournemouth-based firm has been struggling to restart lending again in full after being punished by regulators for dishing out [...]
Isa explainer: should you go for cash or stocks & shares? February 23, 2023 Savers have just over four weeks to make the most of this year’s tax-free savings allowance. We look at the different types of ISA available and how to find the one that’s right for you. Individual Savings Accounts, or Isas, were introduced by the government to encourage more people to save and allow savers to [...]
Gender pay gap: Women who have children work two months free every year February 23, 2023 The gender pay gap is almost 15 per cent, and widens “dramatically” after women have children, according to the TUC. The TUC said its study suggested that the average woman in paid employment effectively works for free for nearly two months of the year compared to the average man. The gender pay gap means that [...]
Inheritance tax brought in nearly £600m a month, as experts warn that frozen threshold is punishing taxpayers February 21, 2023 Inheritance tax (IHT)receipts for January 2023 totalled £578m up from £443m in the same month a year ago, according to HMRC figures. It takes the total inheritance tax take for the 2022-23 Financial Year to date to £5.9 billion, £853 million higher than through the same period last year. The total IHT take for 2021-22 [...]
From Harry Styles to house prices: The top ten most read stories on City A.M. this week February 17, 2023 From Harry Styles’ Grammy outfit to more recession speculation, to here are the top ten most read stories by readers of City.A.M. this week, ending Friday 17 February. One: Harry Styles’ Grammys outfit The former One Direction band member’s choice of outfits came under the spotlight as he made appearances at both the Grammys and [...]
End of cash… and cards? Barclays says record 91 per cent of transactions were contactless last year February 17, 2023 Just over nine in 10 (91.2 per cent ) card transactions made last year where paying by contactless would have been an option did use this technology, according to data from Barclays. The bank said this is the highest proportion it has seen, with 85.6 per cent of eligible card transactions being contactless in 2021. [...]
Savers warned of approaching state pension National Insurance ‘top-up’ deadline February 17, 2023 Those with missing years in their state pension contribution record between 2006 and 2017 have until April 5 to make voluntary contributions, an investment platform has warned From 6 April the number of extra years available to purchase drops to the last six tax years Alice Haine, personal finance Analyst at Bestinvest, a DIY investment platform [...]
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