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Personal Finance

Mortgage market review March 2018

20 March 2018
Mortgage market update for March 2018

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Protection market review March 2018

20 March 2018
Protection market update for March 2018

My PFS - Technical news - 16/03/2018

16 March 2018
Personal Finance Society news update from the 1st March to 14th March 2018.

Settlors and problems with mental capacity II

16 March 2018
Last month we looked at the application of some general principles for establishing mental capacity and how the loss of capacity impacts dec ...

What should the last month have taught investors?

16 March 2018
Someone once told me that on average, we won’t remember 10% of what we read, 20% of what we see and 30% of what we hear. There is no way tha ...

Spring statement 2018 »
Contents Introduction » Economic update » Consultations and other papers  » 2018/19 changes already announced » 2018/19 tax data »
IHT business relief – the impact of cash held in a business »
Background Inheritance tax (IHT) is probably the last tax on the minds of most business owners.  This is probably because they are more likely to be concerned with corporation tax, income tax, National Insurance, VAT. However, should they be concerned about IHT?  It would seem that some business owners may have a vague recollection that IHT doesn’t apply to shares in a trading company.  They are exempt from IHT provided the relevant conditions are satisfied.  100% business relief (BR) (previously referred to as business property relief) is indeed available for shares in an unquoted trading company which have been owned by the transferor for at least two years.  On the face of it this seems simple enough although a little more thought needs to be given to those conditions before consigning a business interest to the “no IHT due” box. In this article we consider the basic conditions which need to be satisfied for business relief to apply and how excess cash held in a business could affect the position.  
My PFS - Technical news - 06/03/2018 »
Personal Finance Society news update from the 15th February to 28th February 2018.
CII member economic outlook and Brexit survey results »
Results from the annual CII member economic and Brexit temperature check
CII urges publication of Brexit financial services position paper as insurance profession splits over future UK-EU regulatory relationship »
CII members are split down the middle over the desired UK-EU future regulatory relationship with the EU post-Brexit. This division is set against a backdrop of a notable improvement in economic and business sentiment since the last annual survey of the profession. The insurance and financial planning profession is united in considering Brexit as the biggest risk to the sector, followed by cyber security. Nearly a quarter of Senior Directors surveyed believe it is likely or highly likely that their firm will move operations out of the UK in the event of a ‘no deal’ scenario. More than twice as many CII members would consider a second referendum to be beneficial for their firm as those who think it would be damaging. CII urges Government to clarify its stance on financial services in Brexit negotiations and calls for the publication of the leaked ‘EU Exit Analysis - Cross Whitehall Briefing’.
Mortgage market review February 2018 »
Mortgage market update for February 2018
Protection market review February 2018 »
Protection market update for February 2018
Settlors and problems with mental capacity »
The issues surrounding mental capacity are ever more topical which is not really surprising given the increasingly aging population. Financial planning advisers will come across this issue when dealing with trusts or estate planning generally, especially when considering making gifts, but also when advising on wills or even making investments. It may indeed be surprising how a loss of capacity may impact not just on the financial planning of the individual in question but those around them, as is well illustrated by a number of recent Court decisions which we will cover this month and next month. In addition, given a recently issued guidance on making gifts by attorneys on behalf of those who have no capacity, we will cover some of those points. Next month we will look specifically at capacity issues in the context of trusts. First, some fundamentals and general consideration of how loss of capacity impacts decision making based on English law.
Shifting sands »
We suspected that a rise in market volatility was likely in 2018 – but of course, no-one knew how or when it would play out. That risk seemed very far from investors’ collective consciousness as global stockmarkets roared higher through January in one of the best starts to the year seen in the last three decades – not since 1994 has the MSCI World enjoyed a stronger return for the first month of the year. We found ourselves reappraising (and, luckily, revalidating) our own somewhat cautious investment stance in the face of such strong market momentum.
My PFS - Technical news - 14/02/2018 »
Personal Finance Society news update from the 1st February to 14th February 2018.
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