Opposite-sex couples set to gain civil partnership financial advantage
There’s also a roundup of the latest personal finance news, and a cautionary tale in the aftershow; don’t drink the water from the lake at Hever Castle!
Millions of unmarried couples could be better off financially following new government proposals.
The proposals are designed to extend civil partnerships to opposite-sex couples, resulting in these individuals becoming entitled to a range of financial wins.
Personal finance news
-The Bank of England has confirmed the British banking system remains resilient to the financial impact of a disorderly Brexit. Confirmation came during its regular banking healthcheck, the Financial Stability Report.
-British Airways has been fined a record £183m for a breach of its IT systems last year. The airline reacted to the fine from the Information Commissioner’s Office saying it was “surprised and disappointed.”
-Car charging points have received a £40m government investment, designed to improve infrastructure for electric vehicles. The Department for Transport made the investment to “transform” the network of electric vehicle charging points.
-Retirees who fail to seek financial advice when accessing their pension pots flexibly are returning to work to manage their finances. This is according to new research by insurer Zurich, which found growth in the number of retirees returning to work following the introduction of pension freedoms in 2015.
-Investors in the suspended Woodford Equity Income are now able to transfer away from fund supermarket platform Hargreaves Lansdown. A block on transfers to rival fund platforms was lifted this week, although investors remain trapped in the fund, until dealing resumes in the future.