HMRC refunds £835m in overpaid tax on pension withdrawals
But advisory firm believes total is likely to be in ‘excess of £1bn’
Latest news
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Credit Suisse chairman resigns over covid rule breaches
Axel Lehmann will replace him
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Brits have £1trn more wealth in pensions than property
London is the only place in the UK which recorded the opposite trend
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Global bank buys Citi wealth arms in four Asian markets
Deal adds around 2.4 million customers
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UK extends video witnessing of Wills to 2024
It is likely to remain a ‘temporary measure’ as solicitors prefer in-person meetings
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Asset manager drops out of race to buy River and Mercantile
But AssetCo remains in discussions to acquire the business
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Nearly half of Brits to invest in 2022
Better financial wellbeing is key to improving mental health for most savers
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Savers turn to properties to fund retirement
‘Significant increase in house prices’ to make strategy ‘more commonplace’
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PEOPLE MOVES: Barclays UK, Credit Suisse, Quilter
Wealth CEO departs bank, while Swiss group names chief executive for Israel
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Banking group eyes US and Europe wealth expansion
It wants to make ‘selective or smaller acquisitions’
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Double tax whammy risk for big pension withdrawals
As 61% of retirees accessed their pots without financial advice
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Credit Suisse chairman scolded over second covid rules breach
He failed to adhere to UK quarantine guidelines to attend the Wimbledon finals