In this edition of Unlock the Editor’s Digest, Roula Khalaf highlights the impact of Rachel Reeves’ Budget on UK retirement savings, with changes to how pensions are taxed under the inheritance tax regime from 2027. The reforms will lead to double taxation for inherited pensions if the saver is 75 or older, prompting advisers to rethink their strategies. The shift in taxation rules may result in more Britons making gifts or spending their pension savings to avoid higher taxes, with potential implications for estate planning and annuity uptake.
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Why Robinhood Stock Is Soaring Today
Shares of Robinhood Markets (NASDAQ: HOOD) surged 12.1% on Monday, coinciding with a 0.3% increase in the S&P 500 and Nasdaq Composite. The rise follows Robinhood's announcement of launching commission-free tokenized trading in the E.U., enabling customers to trade over 200 U.S. stocks and ETFs, including Nvidia and Apple, outside traditional trading hours. Explain It To Me Like I'm 5: Robinhood's stock is going up because they are letting people in Europe trade American stocks...
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