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Rebecca Hall is ready to show us her secret project

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If you are meeting Rebecca Hall for the first time at her 1840s farmhouse about two hours north of New York City, you may accidentally wander into the English-American actor and filmmaker’s overgrown vegetable garden. This is upstate New York, where the sprawling farms are dotted with solar-powered sheds and other oddball additions, so you would be forgiven for mistaking her home for the shed on her property, or even her two-storey artist’s studio, which is not a home but certainly the size of one. She waves me over from the front yard, where she’s been puttering around her six-year-old daughter’s raised flower garden, with her Ridgeback puppy, Stella, trailing closely behind. 

Hall – barefoot in satiny olive-green shorts and a navy striped T-shirt – leads me into her kitchen. The cluttered counter looks a lot like mine: mint-flavoured toothpicks, electric bug repellents, a hardcover copy of Olivia Laing’s The Garden Against Time. Aside from a modest facelift, the farmhouse has never been renovated. That modernist studio I confused for her house – and the swimming pool, hidden from street view – were big draws for her and her husband, the actor Morgan Spector, when they moved here with their daughter and two cats in 2020. 

My Parents Behind Flowers, one of Hall’s oil paintings made since the Covid lockdown in 2020
My Parents Behind Flowers, one of Hall’s oil paintings made since the Covid lockdown in 2020 © Courtesy of the artist
Hall in the garden
Hall in the garden © Ryan Pfluger

“I thought I’d be isolated and never see anyone,” she says. “But our friends come up every weekend, like, constantly.” There’s an open-door policy; parties are always happening. Her mother-in-law lives in a barn next door. “She’s like: ‘This place is ridiculous. You’ve got to work out a system with sheets and towels, and make people wash them, because it’s a hotel.’” 

Hall has a way of holding your gaze when she speaks – and she speaks exceedingly well. Her beauty is hard to ignore, yet barefaced, wearing a cap inscribed with the title of the Robert Altman movie, 3 Women, she exudes domestic ordinariness. A self-described eccentric, the 42-year-old star of this year’s blockbuster Godzilla x Kong: The New Empire insists you’ll just have to deal with “whatever batty version of me it is today”. 

Performance has shaped her identity. Her late father, theatre director Sir Peter Hall, founded the Royal Shakespeare Company; her mother, Maria Ewing, was a gifted opera singer who performed at the Metropolitan Opera. “She had a tremendous joy of life,” says Hall in a crisp London accent shaped by years of shuttling between her father’s home in London and her mother’s house in East Sussex. They separated when she was five. “There was no one more fun to be around than her.” 

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Hall made her television debut at the age of 10 in The Camomile Lawn, a hit adaptation of Mary Wesley’s novel. Then, two years into a three-year degree studying English literature at Cambridge, she dropped out. An acclaimed production of As You Like It, directed by her father, followed at 21. Her breakout moment came in 2008, when she played the conventional Vicky to Scarlett Johansson’s impetuous Cristina in Woody Allen’s Vicky Cristina Barcelona. Hollywood felt daunting, initially. But “it felt somehow natural to be working in film”, she says. “Eventually, I found myself drawn to it more than anything else.” 

Despite often playing women on the sidelines, be it in respectable blockbusters (The Prestige, Frost/Nixon) or forgettable indies (The Dinner, Teen Spirit), Hall has carved out a path playing women on the edge. Sometimes they’re unstable newscasters (Christine – based on the true story of the news reporter who died by suicide on a live television broadcast) or successful single mothers with a horrifying past (Resurrection). At other times they are victims of circumstance (as in the play Machinal) or wives mired in pitch-black despair (Animal). Soon she will appear in a BBC drama, The Listeners, based on the Jordan Tannahill novel in which a teacher is haunted by a low hum nobody else can hear.

Morgan and Michael in the kitchen, by Rebecca Hall
Morgan and Michael in the kitchen, by Rebecca Hall © Courtesy of the artist
Hall will often listen to BBC Radio 4 as she writes, paints or gardens
Hall will often listen to BBC Radio 4 as she writes, paints or gardens © Ryan Pfluger

“If you look at a film like Christine, that performance is so powerful,” says actor Dan Stevens, her long-time friend and co-star in Godzilla x Kong. “It’s drawing on so much about womanhood and the female condition. Some of that is personal to her, and some of it is more societal angst, but it all comes through in a performance that is so nuanced.” 

Hall marks

2008 Vicky Cristina Barcelona

Hall (left) as Vicky with Scarlett Johansson in Vicky Cristina Barcelona
Hall (left) as Vicky with Scarlett Johansson in Vicky Cristina Barcelona © Maximum Film/Alamy

2011 Twelfth Night

With her father, Sir Peter Hall, as Viola in Twelfth Night at the National Theatre
With her father, Sir Peter Hall, as Viola in Twelfth Night at the National Theatre © Rex Shutterstock

2012 Parade’s End

As Sylvia Tietjens with Benedict Cumberbatch as Christopher in the BBC adaptation of Parade’s End
Hall as Sylvia Tietjens with Benedict Cumberbatch as Christopher in the BBC adaptation of Parade’s End © Album/Alamy

2016 Christine

Hall stars as the title character Christine Chubbuck in Christine
Hall stars as the title character Christine Chubbuck in Christine © Credit: Collection Christophel / Alamy Stock Photo

2021 Godzilla vs Kong

As Dr Ilene Andrews in Godzilla Vs Kong, with Alexander Skarsgård and Kaylee Hottle
As Dr Ilene Andrews in Godzilla Vs Kong, with Alexander Skarsgård and Kaylee Hottle © LANDMARK MEDIA/Alamy

“I am interested in questions that are so fundamental for all of us,” Hall says of these characters. “Who is to be trusted? What can make someone who is completely together completely disintegrate? What’s the margin that separates a relatively sane person from madness? Any story that engages deeply with these questions is inherently dramatic – and I think oddly contemporary.” 

Acting hasn’t proved enough, though. In 2021, Hall exploded the taboo of “passing” for a certain race with her piercing film adaptation of Nella Larsen’s 1929 novel Passing, her directorial debut. Starring Tessa Thompson and Ruth Negga, the film won many plaudits and was nominated for a slew of big awards, including at the Baftas and the Golden Globes. 

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Last year she shared a completely different side to her portfolio, with the revelation of her paintings, a practice she has pursued more privately for many years. Inside her studio, the walls of the airy, light-filled space are covered with canvases of all sizes. A brooding self-portrait rests on the floor. A cluster of snapshots clings to a wall. My eye settles on an impressively detailed painting of two friends laughing. “I’m so not interested in making faces like this any more,” Hall says. “This is kind of where I’m at now.” She nods to a pair of paintings deliciously untethered from reality – theatre audiences racked with emotion. “It’s not realistic any more.” 

Art has been an outlet for Hall since her school days; she would draw faces while sitting in the back of the rehearsal room at her father’s theatre. “My dad would give me a choice,” she says. “‘Do you want to be with a babysitter or do you want to come to rehearsal?’ I liked to be able to capture some kind of emotion. And then, when I got older, I found that a really interesting tool for acting.” 

The confinement of 2020 prompted “a go with oil painting”, she says, adding she was always inspired by taking pictures of friends, which she would later frame and use as a starting point for a painting. “I like photography, I like the idea of seeing a frame of something, but to me, if they’re not moving it’s less interesting.” 

Audience by Rebecca Hall
Audience by Rebecca Hall © Courtesy of the artist
Audience, by Rebecca Hall
Audience, by Rebecca Hall © Courtesy of the artist

Finally, she began sharing her work on Instagram. “There’s an immediacy to her paintings that I’m drawn to,” says her friend, the folk-rock musician and painter Ian Felice. “It’s as if they’ve been conjured out of thin air.” Their success, he says, “often relies on a simplification of form in order to arrive at the deeper meaning of a subject; a lyrical articulation of colour adds intimacy and emotional charge.” 

Hall is not yet represented by a gallery. When asked what she loves about the process, she says it’s the “freedom of painting feeling”. Self-expression is what drives her: “I don’t do well unless I’m quiet and in my head and creative in some capacity for a chunk of the day.” When she paints, it’s incredibly solitary. And the process is fluid. “I can be in the space where I just get a canvas out and have some paints left and just paint something,” she says. “If I can’t think of anything, I’ll paint these pod people.”

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She and Spector – a star of HBO’s The Gilded Age – have been together nine years. They have worked together four times, most recently in the 2017 play Animal. “We have that conversation of weighing up,” says Hall, describing how they try to balance career and family. But still, “I have a strong sense of: ‘I must give up everything and only be there for my child, and how am I meant to do this? How the hell can you be an artist and be a decent mother? It’s impossible.” 


She has been thinking a lot about motherhood recently. Passing positioned her for her next project, Four Days Like Sunday, which she hopes to start shooting next summer. Loosely based on her relationship with her mother, Four Days offered Hall some catharsis when Ewing died in 2022. “She passed away in January, and the script came tumbling out of me some time in July,” she says. “It was my way of writing a love song to certain aspects of my childhood as well as the not-much-loved ones.” 

Growing up, Hall often found herself playing the role of her mother’s caretaker. “She had a lot of anxiety, issues with depression, and sometimes the weight of what she did as an artist was too much for her to actually get out of the house.” Attending a “very, very English, very, very posh” all-girls boarding school full-time from the age of 13 offered Hall a slight reprieve, though she was acutely aware of her outsider status among her peers. 

“It was like: ‘Who is this girl with this mother, who arrives with her entourage of queer amazing-looking friends, with their floor-length black leather trench coats and sunglasses and red lipstick?’ And everyone else there was driving a Range Rover.”

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Her mother – who obsessed over outward appearances to the point of telling Hall exactly how to wear her hair – did little to assuage Hall’s growing anxiety about her own identity. “My sense of her background was really confusing,” says Hall. “There were times when she would say to me things like, ‘Well, you know we’re Black.’ And I’d go, ‘Huh? Well, what does that mean? Do we have relatives? What’s my cultural heritage?’ And I would ask again. And she would clearly present it to me in a way that was like: ‘Don’t ask me anything else about it.’ And so I wouldn’t. But then I’d try, gently at another time, and she’d say, ‘Oh no, I don’t know. I think actually maybe Native American, I don’t know.’” 

The Toy, by Rebecca Hall
The Toy, by Rebecca Hall © Courtesy of the artist
‘I feel anchored here in a way that I never have in my entire life’
‘I feel anchored here in a way that I never have in my entire life’ © Ryan Pfluger

The revelation of her mother’s true heritage – Hall’s maternal grandfather, who was Black, passed as white – brought her own into focus. “If you come from a white-passing family… unless it’s open and history has kind of processed it, you just inherit shame. The narrative you’re told about your Blackness is that it’s not to be spoken about, you’ve gotten away with it because you look white, so you don’t talk about this, and it’s only shameful. And anything that’s in any way Black, you don’t go there.” 

The film raised awareness of Nella Larsen and her novel, a story Hall holds up there with The Great Gatsby and the other great works of American literature. Ultimately, however, she was most proud of the fact that it provoked a long overdue conversation within her family. “It meant that this thing, this secret that was kept even until the 2020s, could be released,” she says. “It ended up being very healing, at least for my mother and I.” 

Walking back toward her house, I ask Hall whether she ever discussed her desire to direct with her father – the man responsible for bringing the first production of Waiting for Godot to London, whose role in British theatre was so profound that, on his death in 2017, the National Theatre released a statement saying his “influence on the artistic life of Britain in the 20th century was unparalleled”. No, she says wistfully. “I would love to have that conversation with him now.” She has “zero interest” in directing theatre. “For me, the fun of being onstage is being an actor.” 

The control freak in her doesn’t like the fact that as a director of a play you’ve got to be able to walk away. “In a film, you’re crafting exactly what anyone is looking at, at any time,” she says. “I think to be able to do that on the stage is a very particular skill. I would rather find the frame, and fill it with the image I know is going to create a kind of feeling.” 

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Hall’s next film, Four Days Like Sunday, is loosely based on the relationship she had with her mother
Hall’s next film, Four Days Like Sunday, is loosely based on the relationship she had with her mother © Ryan Pfluger

Hall also loves fashion, and has become a regular on certain front rows, recently at Loewe’s men’s SS25 shows. She’s experimental on the red carpet: wearing a scarlet bustier gown by Erdem or the beaded Bode bra and trousers she wore  to promote Godzilla x Kong earlier this year. The Brooklyn-based fashion stylist Laura Jones has worked closely with Hall since 2014. “She certainly has fun with it,” says Jones. “She has an adaptive approach to clothing, following her creative instincts and where she’s at in her life at that time.”

That ability to follow her instincts is something she hopes to impart to her daughter. “I think that’s a big part of my parenting with her,” says Hall. “That there’s no right answer. She can be whoever she wants to be. We just try and celebrate all the possible eccentric ways there are of being in the world.” 

For now, Hall’s world is here in New York: a six-hour flight to California, where Spector grew up, and seven hours to London. When she wakes she often turns on BBC Radio 4 and leaves it on all day. It keeps her company as she writes, paints or gardens with her daughter – and shops compulsively online, she laughs. “My whole life I’ve shifted from one place to the next, and I feel anchored here in a way that I never have in my entire life,” she says. “This is like the dream situation, and I can’t foresee myself ever leaving it. But I don’t know. If it happens, it happens. I’d be all right with it.”  

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‘Secret’ UK island forgotten by tourists you can visit certain days of the year – with one small bar and rare wildlife

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Steep Holm is in the Bristol Channel and is often unheard of because of its remote location

A SMALL island in Somerset is often described as secret because of its isolated location.

Steep Holm in the Bristol Channel, five miles offshore from popular seaside town Weston-super-Mare, is often unheard of because of its remote setting and being difficult to reach.

Steep Holm is in the Bristol Channel and is often unheard of because of its remote location

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Steep Holm is in the Bristol Channel and is often unheard of because of its remote locationCredit: Alamy
Rare plants and wildlife call Steep Holm home with herring gulls and lesser black-backed gulls seen nesting

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Rare plants and wildlife call Steep Holm home with herring gulls and lesser black-backed gulls seen nestingCredit: Alamy

The island is run by Kenneth Allsop Memorial Trust, and except for wardens who help maintain it, it’s uninhabited.

Strong tidal currents also make the island a difficult place to land.

But during certain times of year, organised trips by Bay Island Voyages allow visitors to discover what Steep Holm has to offer.

Trips are run on certain days of the year from the end of March through to October.

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Because Steep Holm is only accessible at high tide, day trips there last 12 hours. 

As a protected nature reserve and Site of Special Scientific Interest (SSSI), the island is a haven for rare plants and wildlife.

Steep Holm is the only place in the UK where wild peonies grow, and the island is home to rare plants like Alexanders, golden samphire, and wild leeks.

European herring gulls and lesser black-backed gulls can often be seen nesting, and a small population of muntjac deer have also been spotted.

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The island also has a rich history, with evidence of occupation dating back to prehistoric times. 

The Romans built a signal station on the island, and it was fortified in the 1860s as part of the Palmerston Forts – constructed to encircle Plymouth and to protect the Royal Dockyard against a landing by the French.

Isolated island where humans are BANNED – but is home to thousands of inbreeding snakes with flesh-eating venom

There are also Victorian military installations, including underground ammunition stores

On a clear day, visitors can enjoy excellent 360 degree views of the Bristol Channel and the Somerset and Welsh coastlines.

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As far as facilities go, The Visitor Centre housed in the Victorian barracks is visitors’ base for the day.

Items you don’t need to explore the island can be safely left there.

There’s also hot and cold drinks, home-made cakes, confectionery and crisps available there, as well as a selection of beers, wines and cider at the licensed bar.

Toilets have water provided by the underground reservoir, but as the water is pumped by a generator, it’s not suitable for drinking.

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Fresh water is brought to the island for drinking from the barracks cafe, otherwise visitors need to bring their own water flask.

Sailings to Steep Holm can be cancelled at short notice because of the weather, even if it’s a nice day on the mainland, so back up plans are advised.

The cost per person to visit is £47.70.

Other secret islands in the UK

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Northey Island – A remote island in Essex that’s owned by the National Trust and considered to be “the closest you’ll get to true wilderness in Essex”. Visitors need to arrange a permit and can’t cross over to the island at high tide.

Foulness Island – A secretive island that’s used by the Ministry of Defence for weapons testing. The only way for the public to reach the island is via the Broomway.

Lundy – A secluded island in Devon that dates back to the Neolithic period. In 1160, King Henry II granted the land to the Knights Templar. 

Holy Island – Also known as Lindisfarne, this island is home to Lindisfarne Castle and Lindisfarne Priory, which was once a centre of early Christianity in Anglo-Saxon England. 

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Another tiny island in the UK has been dubbed a “hidden treasure”.

And we’ve rounded up five islands off the coast of the country where you don’t need your passport.

Boat trips to Steep Holm are organised by the trust who runs the island

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Boat trips to Steep Holm are organised by the trust who runs the islandCredit: Alamy

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Belgian PM criticises Pope over cover-up of past sex abuse scandals

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Belgian prime minister Alexander De Croo has castigated Pope Francis over the “painful wounds” left by past sex abuse cases in Belgium that were covered up by the Catholic church.

De Croo said on Friday as he received the Pope in Brussels that the church had “its place in our history and customs”, but added that “we cannot ignore the painful wounds that exist within the Catholic faith community and wider society”.

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“The many cases of sexual abuse and forced adoptions have severely damaged trust. You are committed to justice. But there is still a long way to go.”

The speech was one of the most direct public condemnations of the Catholic Church’s evasion over sex abuse scandals during a papal visit.

Details of long-running abuse in the Belgian Catholic Church, including by the country’s longest-serving bishop Roger Vangheluwe, have slowly emerged over the past quarter century.

Vangheluwe, the bishop of Bruges between 1984 and 2010, resigned following sexual abuse allegations he partly admitted to. He said in a later interview that he did not believe it was abuse. He was stripped of his clerical status this year and now lives in seclusion in an abbey in the Loire.

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The scandals were documented in a four-part series called Godvergeten, which translates as Godforsaken, on Belgian broadcaster VRT last year. They have caused a drop in church attendance among Belgian Catholics, with some renouncing their baptism and ties with the church.

De Croo’s remarks, made at a welcome reception for Pope Francis at the Belgian royal palace of Laeken, were echoed by Belgian King Philippe, who said: “It has taken far too long for [the victims’] cries to be heard and acknowledged. It has taken far too long to begin looking for ways to ‘repair’ the irreparable.”

Acknowledging the comments of the two Belgian leaders, the Pope said the church was acting “firmly and decisively”, introducing prevention programmes and counselling victims in the aftermath of the abuse.

He also departed from his written speech to add that the church “must be ashamed” and “ask for forgiveness”.

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The pope, who also visited Luxembourg this week, was due to meet 15 victims of the Belgian sexual abuse scandals on Friday afternoon.

“We are co-operating fully. What the prime minister says is also of our concern,” said Geert De Kerpel, spokesperson for Belgian archbishop Luc Terlinden. “It’s never enough, but we do all we can.”

“The Belgian church is a church that fights strongly against this abuse,” he added. “There is not place for sexual abuse in the church.”

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Money Marketing Weekly Wrap-Up – 23 Sept to 27 Sept

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Money Marketing Weekly Wrap-Up – 23 Sept to 27 Sept

Money Marketing’s Weekly Must-Reads: Top 10 Stories

Stay informed with our curated list of this week’s top 10 financial news stories, including Scottish Widows’ senior investment team appointments and a protest by victims outside the FCA headquarters.



Scottish Widows announces senior appointments to its investment team

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Scottish Widows has announced four senior appointments to its investment leadership team. Matt Brennan will join in November as head of asset allocation and research, while Heather Coulson, Mithesh Varsani and Mark Gillan will take on key roles in January 2025.

Coulson will lead implementation and portfolio management, Varsani will head investment solutionsvand Gillan will oversee operations.

Scottish Widows’ chief investment officer, Kevin Doran, highlighted the appointments as crucial for enhancing their ability to manage over £200bn in customer assets.

Victims to stage protest outside FCA’s headquarters

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Victims of financial misconduct and regulatory failures staged a protest on 26 September outside the Financial Conduct Authority (FCA) headquarters in London.

Organised by the Transparency Task Force, the “Rally for Better Financial Regulation” highlighted concerns about the FCA’s lack of accountability and transparency. Protesters called for reforms, including improved governance, a civil duty of care and the right to compensation for regulatory failures.

The rally coincided with the FCA’s Annual Public Meeting, where the regulator faced criticism over unresolved financial scandals.

FCA clears chair of whistleblowing misconduct following internal review

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The FCA cleared its chair, Ashley Alder, of whistleblowing misconduct following an internal review.

Alder had faced criticism for revealing a whistleblower’s identity in emails to colleagues, breaching FCA policy. The whistleblower expressed outrage, calling it an “institutional betrayal.” The review, led by FCA director Richard Lloyd, acknowledged Alder did not fully follow protocol but acted reasonably by consulting senior staff.

Alder welcomed the findings, stating he aimed to address complex concerns raised by former employees appropriately.

Surge in people accessing pensions without advice

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The number of pension plans accessed for the first time surged by 19.7% in 2023/24, reaching 885,455, according to FCA data.

However, only 30% of these were accessed with regulated advice, down from 32.9% the previous year. This decline raises concerns about people managing pension withdrawals without professional guidance, potentially affecting their long-term financial stability. Economic pressures, including the cost-of-living crisis, are driving more people to access their pensions.

The FCA and government aim to improve the pensions system through ongoing reviews and reforms.

Premier Miton hires ex-Quilter director as COO

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Premier Miton has appointed Nicola Stronach as its new chief operating officer (COO). Stronach will oversee risk, operations, compliance, legal teams and regulatory relations.

She brings over 25 years of experience, having previously worked at Quilter, Credit Suisse, Old Mutual Global Investors and BNY Mellon. Stronach will play a key role in Premier Miton’s strategic direction, supporting UK distribution and international growth.

Premier Miton CEO Mike O’Shea praised her expertise, while Stronach expressed excitement about joining the firm during this pivotal period of expansion.

Annuity comparison quotes hit new highs in 2024

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In 2024, annuity demand hit record highs, with iPipeline reporting a 12% rise in annuity quotes during the first half of the year compared to 2023.

This follows a 60% year-on-year increase in 2023, with iPipeline’s platform now handling 25% of UK retirement market quotes. The surge reflects the growing importance of annuities in retirement planning, particularly amid higher interest rates.

Experts predict continued growth, especially for retirees seeking secure income, though interest-rate fluctuations and market volatility may affect future demand.

As government plans Budget tax raids, remember AIM is more than just an IHT play

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Labour’s potential removal of inheritance tax (IHT) relief on AIM shares could raise £1.1bn this year, but it risks harming UK small and medium-sized companies that drive growth and innovation.

AIM has contributed over £135bn to the UK economy in 29 years, with notable companies like Jet2 and YouGov starting there. Removing IHT benefits may lead to declining share prices, hurting businesses and investors.

While AIM remains a strong long-term investment, careful planning is needed to mitigate potential tax impacts.

Firms need help to better identify vulnerable customers

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Research by the Chartered Insurance Institute (CII) reveals many firms need help identifying vulnerable customers and complying with the FCA’s Consumer Duty reporting requirements.

The study, conducted with FWD Research, found that firms seek more guidance on vulnerability and reporting processes. The CII’s white paper offers recommendations, including integrating data into service improvements, fostering leadership interest in customer needs and enhancing understanding of vulnerability.

The CII aims to support firms in meeting regulatory standards and improving customer care.

Regulator keeps up momentum on ongoing advice services

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The FCA is actively investigating ongoing advice services in financial firms. In February, the regulator contacted 20 major firms to express concerns over clients being charged for services after advice is provided.

FCA executive director Sarah Pritchard indicated that follow-up work is ongoing, but a timeline for conclusions remains unclear. Both St James’s Place and Quilter have reported setting aside funds for potential client refunds and remedial costs linked to these ongoing service evaluations.

The FCA will communicate its expectations once the review is complete.

Transact adopts electronic Cash Isa transfer service

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Transact has become the first intermediary platform to implement an electronic Cash ISA transfer service through Pay.UK (BACS) and Equisoft, streamlining the transfer process.

This new service allows for seamless communication between Transact, banks and building societies, eliminating the need for paper transfers and reducing average transfer times from 42 days to just nine. With 72 banks and building societies adopting this service, it is expected to significantly enhance efficiency.

Transact aims to improve transfers further as investments in Cash ISAs surged by 50% last tax year.

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FT Weekend Magazine Crossword Number 710

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FT.com also brings you the crossword from Monday to Saturday as well as the Weekend FT Polymath. ft.com/crossword

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Interactive crosswords on the FT app

Subscribers can now solve the FT’s Daily Cryptic, Polymath and FT Weekend crosswords on the iOS and Android apps

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FCA reiterates intention to increase transparency

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Advisers tweak processes in light of retirement income review

The Financial Conduct Authority has said it will increase transparency on its enforcement work to build public confidence and “help consumers understand its actions”.

Speaking during a press conference following its annual public meeting yesterday (26 September), joint executive director of enforcement and market oversight Therese Chambers said: “Currently, we offer very little transparency in our enforcement work.

“If you attended the entire public meeting earlier, you may recall someone asking me about two firms.

“I was able to discuss one of them regarding our investigation, but I couldn’t confirm or deny whether the other firm was under investigation. Both cases involved consumer harm and concern.

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“This highlights why we believe increasing transparency would help consumers understand the regulator’s actions.

“It would also build public confidence in our markets, as strong regulatory systems foster trust, which benefits investors, consumers and institutions. Effective enforcement is essential for maintaining high regulatory standards.”

At the conclusion of the regulator’s annual public meeting yesterday, victims of financial services misconduct and regulatory failure staged a protest.

‘The Rally for Better Financial Regulation’ protest was organised by campaign group Transparency Task Force and sought to highlight consumers’ concerns about “a lack of proactivity, transparency and accountability”.

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In a speech earlier this week, Chambers said the FCA is accelerating its investigations and adopting a “laser focus” on cases it pursues.

This, she said, has been “widely welcomed”.

“But the lightning rod has clearly been proposals for greater transparency on who we are investigating and why,” she added.

“While consumer groups, whistleblowers and some other regulators welcomed the prospect of greater transparency, the companies we regulate were overwhelmingly against.”

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During the press conference, she said the regulator is considering relaxing restrictions on what it can disclose about its enforcement action “slightly”. “Not a drastic change, but a measured increase in transparency.”

She added that the proposal has generated “strong feedback”.

“We have reviewed over 130 written responses to our consultation paper, and it’s clear there are genuine concerns,” she said. “We need to continue refining our proposals and engage with stakeholders further.

“The main question is: how will this work in practice? That’s what our next round of engagement will focus on—understanding the practical implications if we choose to proceed with these changes.”

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Penguin books, Val Kilmer and James Bond theme songs

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Stay informed with free updates

All the answers here are linked in some way. Once you’ve spotted the connection, any you didn’t know the first time around should become easier.

  1. Sydney Jacobson was the first editor of which British daily newspaper?

  2. Who founded Penguin books in 1935?

  3. According to Guinness World Records, who’s the biggest selling female recording artist of all time?

  4. What’s the only Batman film in which Val Kilmer played Batman?

  5. Who was the only Real Madrid player in the England men’s football squad for the 2024 Euros?

  6. Which unit of measurement was standardised to four inches by a statute of Henry VIII?

  7. In 2019, who became the first woman to be the political editor of Sky News, a position she still holds?

  8. In Lewis Carroll’s Through the Looking-Glass, what word is missing from this extract from a poem: “The time has come,” the ______ said,/ “To talk of many things”?

  9. Shirley Bassey has sung the theme song for three James Bond films: Goldfinger, Moonraker — and which other?

  10. HMS Dreadnought, launched on Trafalgar Day 1960, was Britain’s first what?

Click here for the answers

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James Walton is co-host of “The Booker Prize Podcast”

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