Attend and be in with a chance to win a £500 giftcard
As we head toward a new year, many conveyancing professionals will be looking back and reflecting on 2021, as well as planning for 2022. For some, that may mean planning to start their own law firm—or looking at ways to improve their firm’s performance next year. If that sounds like you, then join leading global […]
Treasury rules out IHT reform recommendations
The UK Government has set out further plans to create a modern, simple and effective tax system during its Tax Administration and Maintenance Day that took place this week, but recommended IHT reforms were rejected by the Treasury. Details announced at the Government Tax Administration and Maintenance Day build on action the Government took as […]
Scammer attempts to sell woman’s home using fraudulently obtained LPA
A woman almost lost her home to a fraudster after discovering a Government department had granted lasting power of attorney of her affairs to a complete stranger. Speaking to BBC Radio 4, the homeowner learnt that a woman called “Julie” had posed as her sister and forged documents that were then approved by the Office […]
LPA registrations fall by 26.5% as a result of pandemic
Canada Life reveals that Lasting Power of Attorney (LPA) registrations fell by 26.5% in 2020-21 as lockdown measures are believed to have made the paper-based process outdated. Following a freedom of information request submitted by the insurance solutions provider, Canada Life, to the Ministry of Justice, a significant fall in LPAs between 6 April 2020 […]
Pensions charge cap changes outlined
Plans to make it easier for pension schemes to access investments which can offer greater returns to savers have been outlined by the Department for Work and Pensions. The proposals will to allow automatic enrolment pension schemes to make greater use of performance-based fees, which are payable to an investment manager only if they generate […]
Technical Corner: STEP modern families report
STEP has published a new report, “Meeting the needs of modern families”[1], sponsored by TMF Group, to gather insight about the families that STEP members advise and what their wealth and succession planning needs are. It identifies the key complexities and constraints currently facing families and their advisors. The aim is to understand and highlight […]
More than two-thirds plan to divide wealth equally amongst children
A new report on inheritance planning reveals that more than two-thirds of UK adults plan to share their wealth equally among their children. Research conducted by investment management company Charles Stanley shows that 68% of Brits intend to divide their assets evenly, with 55% indicating that the whole amount of their wealth would be divided […]