Financial news

• Axa threatened to cancel cover for Briton with brain injuries in US, says daughter

  26-11-2024 20:15 via theguardian.com
  
  Company said Jane Rubens, in a coma after being hit by vehicle on holiday, must be repatriated this week, against advice of neurologistsThe daughter of a woman who suffered brain injuries while on holiday in the US has said she was told by her mother’s insurer that she must return to the UK, against the advice of doctors, or face having funding for her medical care withdrawn.Jane Rubens, 73, from Edinburgh, is in a coma after being hit, as a pedestrian, by a large vehicle in St Louis, Miss
  
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• Inheritance tax loophole could save millions of Brits from 40% death duty

  26-11-2024 19:21 via express.co.uk
  
  A new hack to escape inheritance tax could see a mass exodus of wealthy individuals from the country thanks to Labour's new loophole.
  
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• Forget Reeves’ phoney tax freeze pledge - she’ll be ‘back for more’ in April

  26-11-2024 18:31 via express.co.uk
  
  Yesterday, chancellor Rachel Reeves swore she was "not going to come back for more" tax after last month's brutal Budget. Her pledge is already in tatters.
  
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• UK households can stay toasty with 1 heating change and get £90 back

  26-11-2024 18:13 via express.co.uk
  
  Households can save £90 on energy bills with one heating change.
  
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• Surviving Black Friday: what to know ahead of the UK sales

  26-11-2024 18:08 via theguardian.com
  
  In this week’s newsletter: how to cut through the noise this Black Friday, gifts for fitness fanatics and the top coffee machines for 2024• Don’t get the Filter delivered to your inbox? Sign up hereBlack Friday may be a recent phenomenon, but sales have been a part of British winter for decades – and they’ve always been regarded with suspicion by those who feel they’re above such things. I remember 70s newsreaders chuckling over footage of fights in the Boxing
  
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• Water companies in England ‘using loopholes’ to avoid paying for outages

  26-11-2024 16:28 via theguardian.com
  Ofwat CEO says rules must be changed so that customers left without water get compensation automaticallyWater companies in England are using loopholes in order to not pay people who are left for days without running water, the CEO of the regulator has said.Tens of thousands of homes across the country have been left without water for days this year as ageing pipes burst. Continue reading...
  
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• State pensioners get £252 after using little known but legal HMRC loophole

  26-11-2024 16:14 via express.co.uk
  
  State pensioners can get £252 back with a fully legal HMRC loophole.
  
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• Octopus Energy gives exact temperature for shower or bath with £65 at stake

  26-11-2024 16:07 via express.co.uk
  
  Households are bracing for a rise in energy bills from January after Ofgem confirmed plans to increase the price cap once again.
  
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• Rachel Reeves reeling as experts warn dreaded farming tax raids should be delayed

  26-11-2024 16:05 via express.co.uk
  
  Lifetime gift rules could be revised to give farmers the same opportunity to avoid inheritance as owners of other assets, the IFS has said.
  
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• Pension mistake costing Brits nearly £60,000

  26-11-2024 15:16 via express.co.uk
  
  Savers who switch to part-time work could find themselves over £58,000 poorer when they retire.
  
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• TfL to fine firms whose electric bikes block pavements

  26-11-2024 15:14 via theguardian.com
  
  London transport body takes action as size of e-bike fleets run by companies such as Lime and Forest soarBusiness live – latest updatesDockless e-bike companies will be fined when their cycles block roads and spaces outside underground stations under a new crackdown by Transport for London (TfL).The capital’s transport operator has published a new enforcement policy to tackle the growing problem of dumped bikes cluttering walkways throughout the capital, which will include fines of &
  
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• Fraud experts send urgent warning against pension scams following budget announcement

  26-11-2024 14:37 via express.co.uk
  
  Fraud experts are warning that pensions are becoming a major target for scammers after the recent Budget created more uncertainty about the savings pots.
  
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• Deanne Stewart: The megafund boss with lessons for Britain on Australia’s ‘pensions nirvana’

  26-11-2024 14:00 via theguardian.com
  
  The chief executive of Aware Super, one of the biggest funds down under, is briefing Keir Starmer on pension reformsDeanne Stewart is in demand. The boss of one of Australia’s biggest pension funds, Aware Super, is just off the plane from Sydney when we meet, and has an appointment with Keir Starmer to discuss the merits of the Australian pension system.Stewart holds up the country’s pension saving as a model for the UK. Starmer and Rachel Reeves ­evidently agree, judging by the
  
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• Bringing down the UK’s sky-high energy bills is a tall order, but it can be done | Simon Francis

  26-11-2024 11:00 via theguardian.com
  
  Investing in homegrown renewable power and cutting our reliance on oil and gas is crucial if we’re to fix our energy systemFor the fourth winter in a row, British people are facing sky-high energy costs, with the average annual bill in England, Wales and Scotland to rise to £1,738 – an increase of 1.2% – from January. Compared with 2020-21, households are paying 65% more for energy, with £700 added to the typical yearly bill.People are already struggling because of
  
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• GHO Capital Establishes Purpose Advisory Council to Support Delivery of its Better, Faster and More Accessible Healthcare Strategy

  26-11-2024 09:00 via globenewswire.com
  
  Independent, cross-industry panel of leading advisors to support GHO Capital’s strategy, whilst maintaining the highest standards of Responsible Investing London, UK – 26 November 2024: Global Healthcare Opportunities, or GHO Capital Partners LLP (“GHO”), the European specialist investor in global healthcare, today announces that it has established a Purpose Advisory Council comprised of external impartial specialists to support, advise and challenge GHO on fulfillin
  
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• Retailers warn inflation could hamper UK shoppers in run-up to Christmas

  26-11-2024 01:01
  
  British Retail Consortium figures come alongside data showing a fall in household disposable incomeShoppers’ ability to afford Christmas treats has been put under threat as retailers warned November could mark a turning point for inflation, with the recent fall in prices slowing amid increased fresh produce costs and fewer discounts on the shelves.Shop prices fell by 0.6% in November, compared with a fall of 0.8% in October, according to the latest report from the British Retail Consortium
  
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• FCA is ‘incompetent at best, dishonest at worst’, claim MPs and peers

  26-11-2024 01:01
  
  Financial watchdog needs a radical shake-up after scandals and failures, says all-party group’s reportBritain’s financial sector watchdog is “incompetent at best, dishonest at worst”, according to a damning report by MPs and Lords which called for a big shake-up.An examination of the Financial Conduct Authority, which took almost three years and collected evidence from 175 fraud victims, whistleblowers and the regulator’s former staff, found “there are very si
  
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