City sounds the alarm on pension inheritance tax upheaval Personal Finance City grandees have raised the alarm over government plans to overhaul key rules over pensions and inheritance tax. The sweeping reforms will allow scheme providers to retain half an outstanding pension pot to ensure executors can cover potential bills for inheritance tax, or IHT. Due to take effect in April next year, the changes will bring [...]
Deloitte: UK Gen Z and Millennials delaying milestones and living ‘payslip to payslip’ Big Four British Gen Z and Millennials are delaying major life decisions as they live “payslip to payslip”, according to data shared exclusively with City AM from Big Four giant Deloitte. The data, based on findings from 806 respondents as part of the firm’s annual Gen Z and Millennial Survey, revealed that around 40 per cent of [...]
Ask the expert: Is £500k enough to retire? Personal Finance Fidelity personal finance specialist Marianna Hunt is back to help a reader who wants to know if they have enough in their portfolio to not only retire but to live the lifestyle they want. Q. I’m 55 and have built up a portfolio worth around £500,000 – split across pensions and ISAs. I’ve also paid [...]
Life after Starmer: What could a new Labour prime minister mean for your money? May 12, 2026 It could soon be time to face the music for Keir Starmer after dozens of MPs called for the Prime Minister to throw in the towel, which could unleash months of speculation and uncertainty. Leading frontrunners for the top job include the Manchester mayor Andy Burnham, former deputy PM Angela Rayner and health secretary Wes [...]
Divorce costs hit finances beyond lawyer fees, says Octopus legal group May 6, 2026 Divorce costs are financially draining for separating couples in the UK beyond just legal fees, according to a new report from Octopus-owned legal service, Amicable. The report, which surveyed 2,000 UK adults who have either divorced, separated, or dissolved a civil partnership over the last 10 years, found that almost 40 per cent said their [...]
‘Frightening’: Middle-earning grads could end up paying nearly triple the student loan they took out May 6, 2026 Graduates earning a middle income are the most likely to end up paying the most for their student loans, as UK grads continue to buckle under mounting uni debt. Those starting their careers or salaries ranging from roughly £45,000 to £50,000 can end up repaying more than other graduates, according to analysis from Rathbones, as [...]
Not everyone in the City is friends with Savvy the Squirrel April 27, 2026 Last week the government rolled out its industry-backed nationwide campaign to encourage more Brits to enter the stock market in a bid to revitalise the stock exchange. The ‘Invest for the Future’ campaign has employed Savvy the Squirrel to carry the message across the UK, in reminiscence of the Tell Sid adverts in 1986, with [...]
Inheritance tax receipts soar to all-time high April 23, 2026 Inheritance tax receipts soared to a record high over the last financial year as Labour’s targeting of property owners helped fund sweeping spending increases. Official data on Thursday morning showed that annual inheritance tax receipts rose to £8.5bn in the year between 2025 and 2026. This compared to total receipts of £8.3bn in the previous [...]
Investment risk misunderstandings fuel cash hoarding April 21, 2026 Brits’ confusion over investment risk warnings has kept people clinging to cash and damaged economic growth, according to recent findings. Nearly 35 per cent of savers admitted the fear of losing money was holding them back from stepping into the stock market, according to the latest research from Barclays, with only 12 per cent expecting [...]
‘Fossil fuel rollercoaster’: Government plans energy price shake-up as Miliband ‘doubles down’ on renewables April 21, 2026 UK households could see their electricity bills fall after the government unveiled measures to end the pricing system’s relationship with volatile gas prices and fossil fuels. Energy secretary Ed Miliband is set to overhaul the system in a major intervention to sever the link between the prices of electricity to gas, which has long been [...]