AJ Bell
UK government plans to reform RPI could cost savers £122bn
People with life insurance, pension policyholders and DB scheme members will be most affected
UK taxman loses long-running inheritance tax court battle
Ill-health pension transfer not liable for IHT, but HMRC right to charge for ‘omission of benefits’
UK falls into ‘largest recession ever’
But does the shape of the recovery matter at this point?
Open-ended property funds will become ‘unappealing’
FCA six-month notice period proposals might ‘spare fund management groups a few blushes’
‘Common sense’ prevails as pension freedom withdrawals fall 17%
But drop is expected to be ‘a short-term blip’