Pension changes April 2015: Huge demand sees pension groups Aviva, Prudential and Pension Wise open for bank holiday business April 7, 2015 Pension firms have put extra measures in place to deal with the impact of the new pension rules, which came into play yesterday. The reforms mean savers aged 55 and over will no longer be forced to buy an annuity with their pension pot, and instead will be allowed to cash in as much of [...]
Tobacco displays go up in smoke as new legislation takes effect April 7, 2015 Small shops found themselves scrambling to ensure their tobacco products were out of sight yesterday after legislation on the display of cigarettes finally caught up with them. Despite large stores and supermarkets being obliged to hide their cigarette display counters since 2012, small shops had been spared the aggravation due to costs and potential loss [...]
Pensions reform Q and A: What do the new rules mean? April 7, 2015 Monday 6 April saw huge changes to the way pensions work, giving greater power to savers over how they can use their pension money. Here's what you need to know. Q How will the new pension reforms impact on the UK’s savers? A The new freedoms mean savers can withdraw their entire pension [...]
McFall quits Atom for banking ethics job April 7, 2015 INFLUENTIAL peer and former MP John McFall has quit his role as a director of Atom Bank after just six months in the job. He is moving to become deputy chairman of the new Banking Standards Board (BSB), which would create a conflict of interest if he remained in his non-executive role at the challenger [...]
Migration-led diversity is good for communities, report says April 7, 2015 IMMIGRATION is a boon for the economy and higher levels of ethnic diversity can actually improve social cohesion, the Adam Smith Institute will argue today. In a new report published today, the free-market think tank has sought to tackle head-on the contentious issue of immigration and its effects on Britain’s social fabric. Looking at London-focused [...]
UK is the second largest contributer to EU budget through VAT April 7, 2015 Close to a fifth of VAT contributions that go into the European Union (EU) budget comes from UK taxpayers. This is the second highest of any EU member, according to new research by Business for Britain. The lobby group, which wants the UK to get what it believes would be a fairer deal from the [...]
UK businesses upbeat on UK growth outlook April 7, 2015 THE UK economy grew at a solid pace in the first three months of 2015, according to a survey of firms. Firms also expect growth to strengthen over the next three months, led by business, professional services and manufacturing, the figures released today by the Confederation of British Industry (CBI) show. It comes ahead of [...]
General election 2015: Treasury minister David Gauked asks ONS boss to check Ed Miliband’s numbers April 7, 2015 Treasury minister David Gauke has written to the UK Statistics Authority, complaining about the way Labour leader Ed Miliband presented Office for National Statistics (ONS) data at an election rally this weekend. In the letter addressed to the Authority’s chair Sir Andrew Dilnot, seen by City A.M., Gauke asked him to “make it publicly [...]
England match kicks off Polo in the Park April 6, 2015 NOW IN its sixth year, Chestertons Polo in the Park is fast becoming a signature sporting occasion, heralding as it does the opening of London’s social summer calendar. And this year, England will face an all-South American team sponsored by Air Europa for the International Polo Match, due to take place on the opening day [...]
UK House prices: Generation rent downbeat on buying outlook April 6, 2015 A generation of Britons still fear that they will never be able to buy a home despite the number of first-time buyers reaching a seven-year high in 2014, a survey reveals today. Some 79 per cent of 20- to 45-year-olds believe banks do not want to lend to first-time buyers, while 21 per cent think [...]
