Personal representatives will be expected to get schemes and providers to hold back up to half of the pensions pot where they believe significant IHT may need to be paid.
The news comes in the latest technical note regarding pensions and IHT. What is also proving controversial is that several updates are planned across the next year. Professional Adviser reports on this 'crucial' technical note.
Actually one of the better takes came from consultancy LCP with the headline 'Time running out for HMRC to tell pensions industry how next April’s Inheritance Tax changes will work'. It was reported in Corporate Adviser.
My opinion on Octo Members asks whether this glass half full or half empty in terms of that half above.
The Intelliflo CEO Nick Eatock suggests that annual reviews drive clients nuts and that clients expect their adviser to be 'always on' through the use of technology. Citywire reports.
Paradigm Norton's CEO Philipa Hann is ‘not drinking the AI Kool-Aid’.
Speaking on a live podcast panel at Timeline’s Adviser 3.0 conference in London last week, Hann said she felt that artificial intelligence, overall, has been a “massive disappointment”.
She added: “We are curious and playing with it but it is certainly not leading our business. I wouldn’t call myself a sceptic, but we are not drinking the AI Kool-Aid. When you look at all the reporting over the last six months, that AI is going to take over everything, it hasn’t really happened.”
This piece of research from Aegon got a lot of coverage including on national radio suggesting that one in three UK adults have done nothing to prepare for their death.
This week the Chancellor Rachel Reeves will remove much of the ring-fence separating mainstream and investing banking according to this Sky News exclusive.
Sky's Mark Kleinman reports that Rachel Reeves, the chancellor, has signed off plans aimed at freeing up billions of pounds of additional lending capacity at the five high street giants subject to the rules: Barclays, HSBC, Lloyds Banking Group, NatWest and Santander UK.
Government and industry sources described the changes this weekend as a move to abolish the most significant regulatory burden imposed in Britain after the 2008 banking crisis.
You really have to question whether this is a panic measure from a government in crisis and whether those are really the appropriate circumstances for such changes to be made. Also, from this report, the change feels rather rushed.
