The European Union and Switzerland have signed a major accord to end banking secrecy for EU residents and prevent them from stashing undeclared income in Swiss banks.
New legislation, which was announced as part of the Queen’s Speech, means that any future rise in the personal income tax allowance will be linked to rises in the national minimum wage.
A new tranche of businesses have been fined for failing to meet their auto-enrolment pension obligations Automatic enrolment of workplace pensions has now come into effect for companies with as few as 30 employees and it will soon embrace all
According to a recent poll conducted at the Great Retirement Money Debate (held by the Equity Release Council), many respondents believed that the Government had not effectively promoted the benefits of equity release as a source of retirement income.
The UK’s markets watchdog has set out the issues it will focus on in its investigation into investment and corporate banking competition.
Five of the world’s largest banks are to pay fines totalling $5.7bn (£3.6bn) for charges including manipulating the foreign exchange market.
Bankers should be paid no more than civil servants, a former senior advisor to David Cameron has proposed.
Deutsche Bank has become the first bank to formally consider what it would do if the UK voted to leave the EU.
This month HSBC launched an £8billion fund which will specifically help finance the UK’s small and medium-sized enterprises (SMEs).
Scottish devolution proposals which would force Holyrood to seek Westminster’s consent before introducing new devolved benefits “could be considered or perceived as a veto”, a cross-party committee of MSPs has concluded.