The ACT has welcomed the UK Government’s attempt to simplify the taxation of pensions and its proposals to replace the numerous existing regimes with a single unified approach. The ACT noted that the lifetime cap concept represents an enormous potential simplification of the current regime. It also supported the mooted Central Clearing House for purchase of annuities and the idea of limited insurance of pension schemes’ liabilities to members.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.