After weeks of rather agonising speculation, it seems that the Chancellor Rachel Reeves is considering raising income tax breaching a manifesto pledge as the Guardian reports in a reasonably well sourced story.
Interesting to see at least a few advisers on social media suggesting that this preferable to lots of fiddling with ISAs and pensions.
One to add to the pile, however, is a possibility of partnerships having to pay employers' national insurance, again as the Guardian reports.
Only a month to go till everyone find outs for definite!
The FCA will bring ESG ratings providers within its regulatory perimeter as part of a wider effort to strengthen transparency across the sustainable finance market.
This was always on the cards but sounds sensible. Money Marketing reports.
Another development which almost feels inevitable with hindsight – advisers now have access to a comparison site to compare AI software.
AdviserSoftware.com's tool helps advisers compare the functionality of AI offerings intended to help them better run their businesses. Again, Money Marketing reports.
AJ Bell has accused the Government of having a “easy get out clause” after it refused to comment on a campaign to bring more certainty to pension taxation, as FTAdviser reports. The firm set up a Parliamentary petition calling for a pensions tax lock where the government would reassure pension investors that the tax treatment would not change in the life of a parliament.
The Government's answer to the petition - not to comment on the Budget.
We have had the Mansion House Compact and then Accord, and now we have the Sterling 20. Twenty of Britain's largest pension providers and insurers have launched a new investor-led partnership, the Sterling 20, at the Regional Investment Summit in Birmingham.
Pensions Age gives more details. The group will work with the Government and City of London Corporation to channel savings into key infrastructure and fast-growing businesses in sectors such as AI and fintech but with emphasis on the regions.
AFH buys Hertfordshire advice firm Avidity Wealth with £750m of assets under management that is AFH back as a buyer after sitting on the sidelines recently.
