The move to abandon plans for the second time comes after the company made its fourth cut this year in bonuses for its 2.1m UK with-profits policyholders because of ‘ongoing market turbulence’.
Although the company has not ruled out returning to the plan at a later date, it said that introducing it now would send out the wrong message to policyholders and shareholders alike. The introduction of the scheme would have meant million pound bonuses for key executives.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements