UK Finance News

Following yesterdays Budget report, the following information regarding changes to personal taxation has been compiled by Michael Martin Partnership.
Personal Allowances 2009-10
These remain as announced in the Pre-Budget report November 2008. From the 6 April 2009 the income tax personal and age related allowances are increased to:
Age under 65 – £6,475
Age [...]

[Read more →]

The home of disgraced banker Fred Goodwin was attacked by vandals in the early hours of Wednesday morning, causing damage to three ground floor windows and also some damage to a Mercedes s600 parked on the drive way.
Goodwin’s refusal to consider giving up his massive RBS pension has caused anger from politicians of all parties, [...]

[Read more →]

The UK government appeared powerless to seek retribution from smug Fred Goodwin and the Royal Bank of Scotland directors, despite accepting tax payers cash to bail out their business, it looked as though they would be let off scot free as Gordon Brown accepted half hearted apologies from the bank for it’s total incompetence.
The icing [...]

[Read more →]

The million policyholders that lost half of their investment with Equitable Life in 2001, when the company came to the brink of collapse, have been given some hope that they will be at last be able to seek compensation for their losses as a report from the Parliamentary Ombudsman Ann Abraham, is published.
The ombudsman found [...]

[Read more →]

Pensions specialist, Scottish Life, has issued a stark, if very logical warning over the mechanics of auto-enrolment to the pensions Personal Account scheme from 2012.
A quick survey of 277 IFAs estimates that up to 10,000,000 employees will not get anything other than generic advice before enrolling, with millions more potentially adrift looking for advice.
The survey [...]

[Read more →]