United Kingdom
Tax & Regulation | 5 Mar 16
UK’s Osborne scraps plan for budget pension tax changes
The UK chancellor George Osborne has abandoned plans to shake up the pension tax system in this month’s budget after pressure from Conservative MPs, according to media reports.
Tax & Regulation | 4 Mar 16
Pressure mounts on UK’s Osborne to ease up on pension reform
Chancellor of the exchequer George Osborne is under increasing pressure to ‘play it safe’ and not overhaul the UK pensions system when he reveals his budget in 12 days’ time.
Retirement | 4 Mar 16
Clearer pension fund costs needed, says UK Consumer Panel
Pension fund costs and charges look set to become more transparent following a new reporting standard proposed by the UK’s Financial Services Consumer Panel (FSCP) on Friday.
FCA raises concerns over life company fee transparency
The UK’s Financial Conduct Authority has raised concerns over the transparency of exit and penalty charges found in the closed-book life insurance policies of six insurance firms, including Old Mutual and Prudential.
Fixed Income | 2 Mar 16
UK corporate credit starting to be hit by Brexit – Bluebay
The British pound is “not the only casualty” of uncertainty resulting from the upcoming referendum on whether to remain or leave the European Union, according to head of credit strategy at BlueBay Asset Management, David Riley.