High net worths rejig estates as inheritance tax overhaul looms September 24, 2025 The high-net-worth clients of a leading wealth manager are rearranging their estate planning to get ahead of potential changes in the Budget, fearing the Chancellor will mount another inheritance tax grab to help plug the Treasury’s £30bn fiscal hole. Rathbones said that interest from its customers in inheritance-related advice has “risen sharply” since the start [...]
Graduates buckled by staggering amounts of student debt September 24, 2025 UK borrowers have become burdened with excessive amounts of student debt, as interest on loans continues to climb. According to a freedom of information request submitted to the Student Loans Company (SLC) by asset manager Royal London, at the end of June 150,453 people had loans of £100,000 or more. This was a 33 per [...]
Standard Life set to enhance pension exposure in private markets September 24, 2025 Pension provider Standard Life is set to launch a new fund with significant private market allocation, as it works to make investing in the private market more accessible for savers. The Future Opportunities fund aims to improve outcomes and boost returns by diversifying customer portfolios with exposure to quality private assets which could offer increased [...]
Government urged to amend the Pension Schemes Bill September 24, 2025 The Association of Investment Companies, (AIC) has voiced its frustration at the incoming Pension Schemes Bill failing to include investment companies. The bill aims to strengthen pension investment by giving government powers to push schemes to invest a percentage of their portfolio in private assets. However, in the drafted legislation which is passing through the [...]
‘We’re already at peak government inflicted costs’ BT chief warns Chancellor September 24, 2025 The boss of BT has joined a chorus of chief executives urging the Chancellor not to raise the costs of doing business at her forthcoming Budget, warning the telecoms industry was “already at peak government inflicted costs.” In an on-stage interview with City PM at the Connected Britain conference on Wednesday, Allison Kirkby said: “We [...]
Cricketers’ union: Counties don’t care about player welfare September 24, 2025 The Professional Cricketers’ Association has accused County Championship chairs of failing to prioritise player welfare after they rejected plans to streamline the competition. A long-running consultation on reducing the number of fixtures in the English game concluded yesterday without achieving the two-thirds majority support required. The proposals put to a vote were for the top [...]
Mindful Chef: HelloFresh and Gousto rival returns to profit September 24, 2025 Mindful Chef, the meal kit business and rival to the likes of HelloFresh and Gousto, has surged back into the black and posted its first profit since 2021. The London-headquartered business has reported a pre-tax profit of £10.8m for 2024, up from the £1.7m loss it made in the prior 12 months. It also lost [...]
‘Furlough’ scheme calls grow after Jaguar Land Rover cyberattack September 24, 2025 Calls for a furlough-style scheme to support workers affected by the crippling cyberattack on Jaguar Land Rover grew on Wednesday, after the carmaker revealed its production would remain at a standstill for at least another week. Thousands of workers at firms in the Range Rover maker’s supply chain have spent weeks in limbo, with some [...]
Ministry of Justice sacks 849 staff over misconduct in three years September 24, 2025 The Ministry of Justice (MoJ) has dismissed 849 staff members over the last three years for alleged misconduct. A Freedom of Information Request, shared with City PM, revealed there has been an increase in the number of individuals receiving a penalty as a result of the conduct and discipline process at the MoJ, with a [...]
Labour’s mixed messages ‘confuses’ UK government procurement September 24, 2025 The UK government’s £400bn procurement budget used to deliver on key policies and projects has been squandered due to Labour’s mixed messaging on its priorities, a new report exclusively shared with City PM has suggested. The state spends billions of pounds a day for public services, with everything from IT software to fighter jets and [...]
