We have the first indication that Targeted Support could prove to be a success with Royal London indicating that thousands of customers have used it in relation to its investment ISA app.
Both those who acted and those who decided not to have expressed satisfication according to Group CEO Barry O'Dwyer. Professional Adviser, which has been very hot on this story, reports.
Aon Master Trust says it will offer a Collective Defined Contribution option from next year as Corporate Adviser reports.
It does feel as the lanscape is shifting.
The forthcoming changes that will bring unused pension pots into the scope of inheritance tax (IHT) are having a broader impact on pensions confidence, analysis from Standard Life has shown though it's a mixed picture, as Pensions Age reports.
It found that 22 per cent of UK adults said their confidence in pensions had fallen since the new rules were announced in the 2024 Autumn Budget.
However, 49 per cent of respondents reported that their confidence in pensions remained unchanged following the announcement.
This may be of interest from Wills and Probate.
The Court of Appeal has ruled that the use of a controversial ‘home loan’ scheme successfully removed the obligation to pay inheritance tax on a property.
The scheme was arranged by Leslie Elborne in 2003 in an attempt to remove the value of her home, of which she was the freehold owner, from her taxable estate while enabling her to continue to live there rent-free until her death, which occured in January 2011.
The so-called home loan scheme, arranged by the family solicitor, involved the sale of the property by Mrs Elborne for its market value to the trustees of a settlement created by her and in which she had a beneficial life interest in possession, in exchange for a promissory note of equivalent value issued by the trustees of the life settlement.
Sounds like an interesting message in FTAdviser. More than half of adults (56 per cent) who acted on financial advice on social media lost money, with an average loss of £690.46, research from TSB has found.
