Client categories: Employee 40,000 Tesco bank accounts hacked  Tesco admitted that 40,000 of its bank’s 136,000 current accounts had been hacked and money stolen from about half of them. Though many banks have previously had individual accounts hacked, this is believed to be the largest hack in the UK involving theft of money from a […]

  Please look at the list above and pick the subjects that you feel are relevant to you.  A brief explanation of what the Government plans to do for each topic is listed below. Income Tax Pension Scams Salary Sacrifice National Insurance ISA’s and the ISA for the under 40’s NS&I Savings Bond Insurance Premium […]

Introduction Welcome to the latest edition of our Financial Crime Awareness Bulletin. This bulletin considers recent developments and trends in the area of Financial Crime and is intended to bring them to your attention. We aim to raise awareness of key topics affecting the industry, highlight important issues, changes to legislation and re-emphasize the need […]

Client categories: Parent  Holiday fines to continue A debate in parliament, prompted by an online petition, about fines for parents generated plenty of emotion, but the government said the current system, where local authorities can fine parents for taking children out of school to go on holiday, would not be changed. A survey found that […]

Client categories: Saver/Investor  £6bn property funds close the doors Standard Life, M&G and Aviva have all halted dealings in their commercial property funds because of the prospect of declining property values in the wake of BREXIT, says the Telegraph.  The effect is strongest in London, where demand for offices is expected to fall significantly. Funds […]

Client categories: Property owner Brokers aim for ‘divorce mortgage’ Mortgage brokers are trying to persuade lenders to offer ‘divorce mortgage’s for couples splitting up in their fifties, says the Telegraph. The over-50s account for the fastest increase in UK divorces and over a quarter of them have to sell their properties when they split up. […]

BANKRUPTCY Synopsis: Insolvency Service issues pensions guidance in the light of the Horton V Henry case. The Insolvency Service has issued revised guidance to official receivers and Debt Relief Order (DRO) intermediaries on how to deal with undrawn pension entitlements in the light of the decision in Horton v Henry [2014] EWHC 4209 (Ch), see our Bulletin dated 3 […]

Client categories: Saver/Investor, Employee Should you defer your pension? If you will soon become entitled to a state pension, then the big question is whether you should defer taking it, says FT columnist John Kay. Since you get a 10.4% increase in the pension for every year of deferral if you reached pension age before […]

TAX AVOIDANCE Synopsis: New corporate criminal offence of failing to prevent the facilitation of tax evasion will be introduced in the current parliamentary session as part of the Criminal Finances Bill. The new corporate criminal offence of failing to prevent the facilitation of tax evasion will be introduced in the current parliamentary session as part […]