So here we go again. A supposed new broom dropped in to a big, successful, well-respected and established company, feels he has to make his mark and secure his place in history. In this case, it’s by ditching one of the best-known brand names in the business, and flogging its huge, existing book of business to consolidator Phoenix, a dumping-ground for dead and dying insurance companies. He’ll move on to greater glory in a year or two, many advisers will have moved their clients on, and no doubt some jobs in Edinburgh will have moved on. Don’t panic, it hasn’t happened yet. But we’re watching this space very closely.
“Rachel Reeves may be forced to raise taxes”
Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.
