AGP Executive Report
Last update: 12 hours agoBanking App Migration: Halifax starts shutting down its app from 5 October, moving customers to the Lloyds app in stages, with digital access ending 1 November. Fintech Valuation Watch: Revolut’s $115bn private valuation puts it in the same league as major bank groups, even as it still earns far less per customer and keeps lending relatively small. State Pension & Tax: HMRC is using bank data to check state pensioners’ savings interest and may send bills if it exceeds allowances, while DWP confirms October payments for older and younger state pensioners plus bonus payments before Christmas. Inheritance Tax Shake-up: From April 2027, unused pension funds and death benefits enter IHT for the first time, driving a rush to gift cash ahead of the change. Fraud & Scams: New research says banking scam attempts are increasingly happening on mobile, with purchase scams the most common and investment/romance scams rising. Regulation & Crypto Events: UN:BLOCK Fintech in Riga (15 Oct) will focus on agentic payments, AI-driven commerce, MiCA licensing and stablecoin rules, with direct regulatory access sessions. Housing Costs Pressure: Lloyds analysis flags Trafford as the least affordable borough in the North West to buy, underlining the squeeze on buyers and renters.
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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