2019 press releases

According to research by the Big Window for Quilter, the wealth manager, just 37% of people are aware of the regulations around passing on wealth to family at death, despite the Treasury collecting a record £5.2billion in inheritance tax (IHT) last year.

On April 1 government missed its fifth deadline for the social care green paper and has not revealed a new timeline. Rachael Griffin, tax and financial planning expert at Quilter comments:

Old Mutual Wealth Life Assurance’s Independent Governance Committee (IGC), an independent body created in 2015 to oversee the governance of its workplace pensions, has today published its fourth annual report assessing the charges, investment strategy and service levels of its workplace personal pension schemes.

Old Mutual Wealth, part of Quilter paid 99.78% of life claims and 96.2% of all critical illness claims in 2018. Since 2016, Old Mutual Wealth has successfully paid out nearly £150m in claims across its life and critical illness policies.

If you are covering the reports that the proposed probate fee hike has been delayed due to Brexit, please see the following comment from Rachael Griffin, tax and financial planning expert at Quilter:  

If you are covering the latest Pensioners’ Income Series published today by the DWP, please see the following commentary from Ian Browne, pensions expert at Quilter:

In preparation for Mother’s Day this week, Rachael Griffin, tax and financial planning expert at Quilter, explores five financial planning points which might impact a mother and her children’s finances.

Today’s report from Nuffield Trust, the Health Foundation and the King’s Fund sets out urgent measures needed to prevent a workforce crisis for the NHS. These recommendations include tackling pension policy. If you’re covering this issue please see the following comment from Jon Greer, head of retirement policy at Quilter:

If you are covering the ONS Living longer: caring in later working life release today, which explores the interplay between caring and working in later life in the UK, please see the following comments from Rachael Griffin, tax and financial planning expert at Quilter:

In the Office for Budget Responsibility’s report it highlights the impact of the probate fee hike, including that the it expects the Office for National Statistics to classify them as a tax on capital and to generate £155 million a year in additional tax receipts (excerpt below).