AGP Executive Report
Last update: 9 hours agoBanking & Cards: NatWest confirms Reward Platinum customers will stop paying foreign transaction fees from 1 October, alongside refreshed travel, health and lifestyle perks. Pensions & Tax: HMRC updates dividend tax thresholds (10.75%, 35.75%, 39.35%) and warns some households may need to act before 5 October; separate guidance flags Child Benefit could stop automatically if parents don’t confirm 16–19 education/training by 31 August. Retirement Income: Annuity rates are at an 18-year high, with a 65-year-old potentially getting up to £7,750 a year (plus state pension), while advisers urge people with multiple pension pots to consolidate. Cost of Living Support: Universal Credit changes under Andy Burnham expand eligibility for free school meals from September 2026, worth up to about £495 per child. Fraud & Consumer Protection: Metro Bank says it has refunded a customer after an AI-linked Claude scam, while HMRC also reports £50m in repayments to pension savers hit by emergency tax code errors. Business Banking: Nationwide becomes the “sole” bank partner of Female Founders Rise, ahead of its next business banking push. UK Policy & Compliance: HMRC will publish new advisory fuel rates “per mile” from September, affecting company car mileage reimbursements and repayments.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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