News

Concerns of a Greek default on its €1.5bn (£1.1bn) repayment to the International Monetary Fund (IMF) due by the end of the month are mounting.

HM Revenue and Customs (HMRC) will shortly issue guidance to clarify that drawdown funds will not be subject to inheritance tax (IHT) charges after lawyers raised concerns.

The Treasury's action on punitive exit charges has been welcomed but there are concerns that clamping down too much on fees could be detrimental for savers.

Royal Mail employees will receive a further £50m worth of free shares - equivalent to an additional 1% ownership stake in the company.

The Treasury will consider imposing a charge cap for when people access their pension freedoms in a consultation to be launched next month.

The Bank of England (BOE) is unlikely to increase interest rates until the beginning of next year even though real wages have grown 2.7% in a year, economists say.

The local government pension fund's Scheme Advisory Board has outlined its proposals to increase the separation between the scheme manager and host authority.

Nicki Mortimer has been appointed client director by Capital Cranfield Trustees.

The insurance industry faces a "severe" concentration of systematic longevity risk through the market for buy-ins, buyouts and longevity swaps, according to professor David Blake.

The London Pensions Fund Authority (LPFA) has revealed the members of its local pension board.