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Tax fears before Budget sparked October shift in savings behaviour


By Michael Griffiths

Fears that the Chancellor would target pension tax reliefs in her Budget last week fuelled an eightfold increase in SIPP contributions in October, according to analysis by Bestinvest.

This was compared to the two-year average for the same month in 2022 and 2023


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One Four Nine Group acquires Castlegate Capital

One Four Nine Group has acquired Nottingham-based independent chartered financial planning firm, Castlegate Capital

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Perspective completes nine new deals to take total acquisition count past 100

Perspective Financial Group completed nine acquisitions of financial advice firms in the second half of October, taking its total past 100 since the group was founded in 2008

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FCA unveils plans to improve access to market data

The Financial Conduct Authority (FCA) has outlined new measures as part of a wider move to support the UK’s position in the bond, derivatives and asset management sectors

Brooks Macdonald completes CST Wealth Management acquisition

Brooks Macdonald has announced the acquisition of CST Wealth Management, a chartered financial planning firm based in Wales

West Bromwich Building Society pension scheme agrees £70m buy-in

The West Bromwich Building Society Staff Retirement Scheme has completed a £70m buy-in with Canada Life, securing the benefits of all uninsured scheme members, including around 490 deferred members and 400 pensioner members
Savers could lose up to £1,222 by not switching, Hargreaves Lansdown finds

The top 20% of savers could miss out on £1,222 in interest by not switching their savings account from a high street bank to the best on the market, Hargreaves Lansdown (HL) has revealed

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Tax fears before Budget sparked October shift in savings behaviour

Fears that the Chancellor would target pension tax reliefs in her Budget last week fuelled an eightfold increase in SIPP contributions in October, according to analysis by Bestinvest. This was compared to the two-year average for the same month in 2022 and 2023

Savers could lose up to £1,222 by not switching, Hargreaves Lansdown finds

The top 20% of savers could miss out on £1,222 in interest by not switching their savings account from a high street bank to the best on the market, Hargreaves Lansdown (HL) has revealed

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West Bromwich Building Society pension scheme agrees £70m buy-in

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St Modwen Pension Scheme completes £18m full-scheme buy-in with Just Group

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One Four Nine Group acquires Castlegate Capital

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