So what are the repercussions of the finance bill being slimmed down to get it through? Well among other things Making Tax Digital, which would have seen small business potentially sending multiple tax returns across the year, looks to have been shelved for now.
It isn’t clear that the cuts to the dividend allowance and the money purchase annual allowance, also dropped from the finance bill to smooth its passage, will ultimately delay their implementation. There is a talk of the measures being reintroduced post-election.
The best coverage of the MPAA change arguably comes in Financial Planning Today.
In Money Marketing, Chris Gilchrist questions crowds and quants who try to read crowds and suggests that successful fund managers are using art more than science.
Old Mutual’s Paul Feeney defends the vertically integrated model as referrals from Intrinsic rise.
The FOS finds against Towry-owned Ashcourt Rowan for not meeting the requirements of its top service level agreement. A minor matter in many ways, Towry must refund £100. However it may concern advisers hoping not to be challenged if they have mixed up their gold, silver and bronze clients.
West Ham United and Newcastle United are raided by HMRC over concerns about image rights especially it seems concerning transfers from France.
Royal London urges around 800,000 people who may have accessed their pension early i.e. below retirement age to check they are not being overtaxed.
Bearish economist Harry Dent believes the UK property market may fall dramatically and never return to current heights.
The Conservative tax lock promise of no rises in income tax or NI may be dropped as could the triple lock system for rises in the state pension as the Prime Minister refuses to commit to the policies, the FT confirms.
The Government has also delayed a decision about the state pension age rise - meant to happen in May - until after the election.
Clive Waller suggests five areas where advisers may need to improve their businesses including the risk tools they use, the charging structure and the time spent on an investment committee.
Finally, in Money Marketing Amanda Newman considers what the thematic review on non-advised drawdown will hold.
