Industry

With the 31 January deadline for submitting tax returns for the 2024-25 tax year approaching fast, BDO is urging taxpayers to act quickly to avoid late filing penalties. (Source: IFA Magazine)

The nil-rate band (NRB) determines the level at which inheritance tax (IHT) starts to apply. (Source: Money Marketing)

Over 57% of UK pension savers are growing their retirement funds beyond their pension. (Source: Money Age)

Chancellor Rachel Reeves is reconsidering an overhaul of Cash Isas ahead of the Budget, according to media reports this morning (15 October). (Source Money Marketing)

Wealth managers’ investments in private markets will likely stall unless high fees and transparency issues are resolved, the Thinking Ahead Institute warned. (Investment Week)

Investment in UK spinouts hit a record £3.35 billion in 2024, marking a 44.3% increase compared with the previous year. (Business Weekly)

Private markets are set for rapid growth, with global assets expected to jump 70% to $23.9 trn by 2030, Ocorian’s Global Asset Monitor reports. (Money Marketing)

Confidence in the UK economy has risen slightly among high net worth individuals but fears still persist. (Source: FT Adviser)

Karen Ward, JP Morgan Asset Management’s EMEA chief market strategist, has cautioned Chancellor Rachel Reeves that the UK economy is “approaching the limit of what tax it is willing to bear.” (Source: Investment Week)

Following SumUp’s rumoured $15bn listing on the London Stock Exchange, the financial sector is wondering if this is the catalyst needed to resurrect the UK IPO market. (Source Investment Week)