The new preference shares could see the shareholdings of some FNZ staff significantly cut. FNZ shareholders have seen their equity diluted by up to $3bn (£2.3bn) following a new equity issue by the platform tech provider. In a letter seen by Citywire, FNZ’s new CEO Blythe Masters informed shareholders that the issue of preference shares […]
IHT receipts rose £0.7bn compared to the same period last year HMRC’s latest figures show that inheritance tax receipts for the period of April 2024 to January 2025 are £7.0bn, up by £0.7bn compared to the same period last year. In the 12 months to January 2025, total CGT receipts have now reached £14.56bn, similar […]
The tariff threats and subsequent de-escalation follow the template from President Trump’s first term in office. For Canada and Mexico, US tariffs are almost unequivocally bad news: 70% of Mexico’s exports, and 60% of Canada’s exports, go to the USA. For context, that represents even more concentrated export exposure than the UK’s dependence on European […]
The inclusion of pensions in the estate for IHT from 2027 may lead individuals to question if pensions are still the best place to save for retirement, particularly those looking to maximise funding as the tax year end nears. The answer for most people is almost certainly “Yes” – pensions will remain the most efficient […]
Our Asset Allocation team’s key beliefs This week, we’re discussing a shock election result in Japan, the prelude to the UK Labour government’s first budget, and the travails of European car manufacturers. As with all key beliefs emails, this represents solely the investment views of LGIM’s Asset Allocation team. For the last email of the […]
The government has said that members cannot undo tax-free lump sum withdrawals after a rush of savers tried to cancel the payments following the Budget. In the run-up to the Budget, a large number of members, both advised and non-advised, withdrew some or all of their pension tax-free lump sums in response to press speculation […]
Trump bump for US stocks? Although it is still early days, equities have had a mixed performance since the US presidential election on 5 November. US stock returns have risen compared global equities (ex US) in sterling terms. This divergence can broadly be explained by investors’ anticipation of tax cuts and deregulation from the incoming […]
In brief • Our central expectation is that President Trump’s policy agenda will be growth supportive. But there are risks, particularly if the balance of fiscal stimulus, tariffs and immigration curbs prompt more inflation than real growth. • A renewed focus on ‘America first’ policies will require responses from other regions, notably Europe and China, […]
Inflation strayed above the Bank of England’s target level of 2 per cent in October, reaching 2.3 per cent. Data from the Office for National Statistics found the consumer price index rose by 2.3 per cent in the 12 months to October, an increase from the 1.7 per cent recorded in September. On a monthly […]
Waspi women have had the “door slammed in their faces” as Labour’s first Budget failed to address redress for the group. Campaigners gathered outside parliament on Wednesday to demand action on redress as the Budget was delivered by chancellor Rachel Reeves. However women born in the 1950s who saw state pension age rise from 60 […]