UK government plans to reform RPI could cost savers £122bn
People with life insurance, pension policyholders and DB scheme members will be most affected
AJ Bell
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UK taxman loses long-running inheritance tax court battle
Ill-health pension transfer not liable for IHT, but HMRC right to charge for ‘omission of benefits’
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UK falls into ‘largest recession ever’
But does the shape of the recovery matter at this point?
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Open-ended property funds will become ‘unappealing’
FCA six-month notice period proposals might ‘spare fund management groups a few blushes’
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‘Common sense’ prevails as pension freedom withdrawals fall 17%
But drop is expected to be ‘a short-term blip’
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IHT receipts fall for the first time in a decade
‘Hard to believe’ that inheritance tax is not ‘under the microscope’ to fill hole in UK budget
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UK Chancellor orders review of capital gains tax rules
As government rolls out consultation seeking industry input
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Over 80% of UK advisers call for annual allowance reform
40% want ‘deeply unjust’ MPAA scrapped altogether to ease the covid burden savers are facing
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DB pension transfers hit £10bn in Q4 2019
Nearly 100% increase from the total withdrawn in the previous quarter
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Will covid-19 push retirees to riskier investments?
As fraudsters take advantage of pandemic to target savers
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Temporary mini-bond marketing ban to be made permanent
FCA demanded firms stop advertising to retail clients following growing concerns and failures
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Pensions ‘triple lock’ edges closer to precipice
Implications of coronavirus outbreak would make the UK policy unaffordable