Savings into UK individual savings accounts (ISAs) are falling for the first time since they were launched, according to new data from accountancy firm UHY Hacker Young. A recent report from the firm showed that the amount of new subscriptions into ISAs in 2011/2012 went down to £53.5 ...

The Financial Conduct Authority (FCA) is going to hold a consultation on extending the ban on platform fund rebates to Sipps, life companies and discretionary fund managers, the FT Adviser reported. The authority published a policy statement last week, in which it laid out its plans to ...

According to new research from online and telephone bank First Direct, one in four Britons own stocks and shares, but only 14% have taken advantage of the tax free stocks and shares individual savings account (ISA) allowance that they are entitled to. Nearly 14% of those who have not us...

When making plans for pension investments people should consider two main things - consolidation and diversification, but they should be carefully evaluated, according to City A.M. Pensions are certainly the most tax-efficient way to save up for later life and in an attempt to deal with...

The recent introduction of the Financial Conduct Authority has led to a dramatic overhaul in the UK´s financial services industry. Self-invested personal pensions are no exception to this and over the next few months, they are set to go through a number of changes. One of the most...

According to a recent study from insurer AXA, retirement income in the UK surged from a post-crisis record low level in the first half of 2012 to a post-2007 high within just seven months, which could explain the vulnerability to stock market fluctuations of some people saving for retirement.

The UK government plans to simplify rules related to assets held in self-invested personal pensions (SIPPs) and may soon allow the conversion of unused commercial properties for residential use by pension investors in their funds should Budget proposals be given the go-ahead. At present...

The self-invested personal pensions (SIPPs) market has expanded by 35% since the scheme´s rollout in 2006 and 200,000 new SIPPs are sold each year after the introduction of the new pension rules that came into force on “A-Day,” according to MoretoSIPPS´ head John Moret. ...

The number of people residing in Britain who apply for a tax deduction has declined to 116,000 in the tax year to April 2011 from 140,000 in 2007-2008, the period when the world started to recognise the first symptoms of the looming financial turmoil, a spokesman for the UK tax authority told R...

Investors are constantly in hot pursuit of new income streams as gains from conventional fixed-income sources are beginning to shrink. Equities have started to emerge as their latest favourite, as the Financial Times has established, judging from the results of its latest Celsius sentiment surv...