WMA Bulletin 22nd March 2016
Need to Know What's going on in our industry? Osborne’s budget to ‘put the next generation first’ and ‘get
Meeting with Director of
investors investing'
Supervision and Executive
As a leading advocate for establishing a culture of investment, WMA welcomed the following announcements in the recent Budget: - a ‘Lifetime ISA’ which will enable those under 40 to save up to £4000 a year, with the Government contributing £1 for every £4 put away by investors - a further increase of the current ISA limit from £15250 to £20000, and - a cut in Capital Gains Tax from 28% to 20% (18% to 10% for basic rate taxpayers) Read our full WMA press release here.
FATCA Helpline for Financial Institutions
Board Member at FCA We recently met Megan Butler, Director of Supervision – Investment, Wholesale and Specialists and Executive Board Member at FCA to discuss a range of issues impacting on our sector and the relationship between WMA and FCA. The meeting was exceedingly helpful. Megan was well aware of the key issues our firms face. Her background is in our sector; she worked at the London Stock Exchange’s legal department at the beginning of her regulatory career.
CASS – Diversification of client money