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Weekly Updates

John Lappin

Our Industry Commentator with his top news links each week.

Tax year end may shift

The Office of Tax Simplification is considering moving the end of the tax year reports FTAdviser. It is considering either the end of March or the end of the calendar year.

The former would be quite a shift for clients and advisers.

In what must be seen as a blow for transparency, HMRC is axing quarterly pension withdrawal reports.

The FCA has published a new web page to help Britis Steel transfer claimants.

The page give details of the steps transferees need to take to make a complaint and links to the Pensions Advisory Service’s template complaint letter (DOC).

The Treasury has played down the prospect of radical reform of pensions tax relief in response to a Treasury select committee report which suggested just that.

Building a green portfolio should not have to mean excluding entire sectors, according the new manager of James de Uphaugh, chief investment officer and chairman of Majedie Asset Management.

It is clear that the divest versus engage argument will continue to rage. The question from campaigners is whether engagement is really enough if firms' plans for transition are not sufficient.

New Model Adviser considers what the CII and CISI should learn from their problems with holding exams remotely in the last year or so.

Professional Adviser considers the world of TikTok investors with the heading Convinced to invest in 60 seconds.

Platform technology provider FNZ will be required to sell off GBST to allay competition concerns but it will have the option to “repurchase certain parts” of the business.

In the latest development in what Money Marketing describes as a drawn-out process, the Competition and Markets Authority (CMA) has published its summary of the reassessment of the deal.

The story demonstrates how embedded in the market, platforms have become. Advisers, of course, will be more concerned if and when it comes to replatforming.

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