Growth and consolidation evident as familiar faces return for Private Client Practitioner's Top 25 Financial Planning Companies 14:05 GMT In a move to reflect the post RDR financial planning sector, Private Client Practitioner has renamed its annual Top 25 IFAs as the Top 25 Financial Planning Companies. As the industry has reacted to the regulatory changes brought about through RDR, a number of the larger and familiar names on the list have cemented their positions as they look to expand their offering across the UK and as a consequence 2013 has seen a period of growth in the industry as the larger firms consolidate their positions at the top of the financial advice market.
1 million over 65s still working in the UK 14/06/2013 Figures released by the Office for National Statistics (ONS) have shown that just over a million people over the age of 65 are in work, the highest since records began in 1971. Almost one in 10 people in the age group are working - 615,000 men and 388,000 women.
Anti-Avoidance by Simplification 14/06/2013 On 31 May H M Revenue & Customs launched a second consultation on the simplification of periodic and exit charges for trusts. The proposals being made are wide ranging and are likely to affect both new and existing trusts. This will represent the second significant alteration to the way IHT affects trusts in a decade.
Swiss upper house agrees US deal - report 14/06/2013 Reuters has reported that Switzerland’s upper house has voted to allow banks to sidestep strict secrecy laws to end the threat of criminal charges helping wealthy Americans evade tax.