The 100 City people you need to follow on Twitter this year, day one: Entrepreneurs January 5, 2015 It's the beginning of 2015, so it's time to give your Twitter account a revamp: out with that Cheryl Cole spoof account, in with people who can give you the knowledge to get ahead in your career. Over the next five days, we'll be giving you the best and brightest City types to follow, from [...]
Why the abolition of the pensions death tax is great news for savers September 29, 2014 George Osborne had more good news for retirees and savers yesterday, as he brought forward the announcement that he is abolishing the 55 per cent tax charge applied to some people’s pensions on their death – the so-called pensions death tax. Coming into force in April 2015, and on top of previous pensions liberalisation, the [...]
Conservative Party Conference 2014: George Osborne outlines plans to freeze working-age benefits, abolish pension death tax and cut benefit cap September 29, 2014 Chancellor George Osborne has delivered a host of policy pledges to the Tory faithful at the party's conference in Birmingham today. The chancellor began his speech highlighting the UK's success in reducing unemployment and the deficit. However, Osborne told the conference hall that there was still much to be done, and the recovery faced [...]
Going places: The Source founder James Crabb talks risk-taking and velour sofas December 14, 2014 It was just time to do something completely different,” James Crabb tells me. He’s talking about going from managing director of global technology and operations at Deutsche Bank to founding The Source, a digital lifestyle business that satisfies the emerging affluents’ every need – from food, wine, travel and childcare to art, home interiors and [...]
Osborne to axe pension death taxes September 29, 2014 CHANCELLOR George Osborne will today continue his pensions revolution, announcing a radical new promise to abolish the 55 per cent pension tax paid at death. It comes as his party seeks to bounce back after Conservative MP Mark Reckless defected to Ukip and Brooks Newmark resigned his post as minister for civil society following a [...]
George Osborne to abolish 55pc inheritance “death tax” on pensions September 28, 2014 A so-called “death tax” on pensions will be scrapped from next April, George Osborne is set to announce at the Tory party conference. The 55 per cent rate applied to inheritances of defined contribution pensions will be abolished at a cost of £150m a year the Treasury predicts. The policy, first floated in July, was [...]
Who is the richest person in China? Alibaba’s Jack Ma tops new list September 23, 2014 Alibaba founder Jack Ma is now the richest man in China – but he still falls outside the list of the world's 10 richest people. A report published today puts the 50-year old founder of Alibaba Group Holding in pole position among China's wealthiest for the first time, after the ecommerce giant's record breaking [...]
Average bonuses rise 4.9 per cent as bank and insurance bonuses hit their highest since 2008 August 29, 2014 Bonus payments in the UK rose to £40.5bn in the year to April, up almost five per cent on a year ago. In the finance and insurance sector, payments hit £15bn – their highest level since the peak of the financial crisis, in 2008. Changes to taxes in the 2012/13 financial year meant many businesses [...]
Cenkos splashes IPO cash with £40,000 payout to every worker September 21, 2014 BROKER Cenkos has given every worker a slice of its revenues from the AA initial public offering (IPO), it emerged yesterday. The firm is well known for paying staff relatively low base salaries, but large bonuses when big deals come in. The AA flotation won Cenkos £31.5m – almost half of the firm’s £65.2m revenues [...]
UK consumers have the 10th most valuable pensions, bank deposits and securities in the world September 23, 2014 Global debt has been growing again since the crisis while financial assets have reached a new high of €118tn. According to the Allianz Global Wealth Report, the world has seen the biggest asset growth since 2003, with the UK sitting pretty as the fifth-fastest growing country listed. The newly-preserved union comes in at 10th on the [...]