Posts in Category: Regulations

Welcome to the 2014/15 tax-year! 

Monday, April 07, 2014 4:01:00 PM Categories: Budget Investments ISAs pensions Regulations

As I am sure you are aware, the 2014/15 tax-year started on Sunday 6th April. The new tax year promises to be an interesting one with the introduction of the NISA (New ISA) from 1 July, which will allow contributions up to £15,000, as well as the new flexibility with regard to pensions (although the real flexibility comes in in July 2015 where the whole pension fund can be taken as a lump sum, less tax at your marginal rate).

If you would like to discuss any of these topics or indeed any other area we can assist in, please get in touch.

George Osborne backs bank break-up powers 

Sunday, February 03, 2013 11:41:00 AM Categories: Economy Regulations

The UK's big banks will be separated if they fail to follow new rules to ring-fence risky investment operations from High Street outlets, Chancellor George Osborne has announced.

He has said taxpayers are angry at banks' behaviour and will never again be expected to bail them out.

His speech comes on the same day the government introduces its Banking Reform Bill in Parliament.

Customers will also be able to switch bank accounts to a rival within a week.

Mr Osborne also said the banking system was not working for its customers, particularly small businesses and individuals.

The end of gender based pricing 

Friday, October 26, 2012 10:13:00 AM Categories: Regulations

The European Court of Justice ruled in March 2011 that insurers cannot price products based on gender following a test case brought by Belgian consumer group Test-Achats which said differential pricing could be interepreted as a form of gender discrimination.

The new rules come into effect on 21 December, when an opt-out clause under the EU gender directive which previously allowed insurers to offer different pricing to men and women will cease.

This change will affect everything from life cover to annuities to car insurance and, if you are considering taking out any of these products now is the time to act.

If you would like further information please get in touch.