Our News

169 – Govt U-Turn on Annuity Sales

The Treasury has changed its mind about allowing the sale of pension annuities. When pensions flexibility was announced in March 2014, one of the inevitable criticisms was that the reform came too late for those who had already turned their pension pot into an annuity. A year later the then Chancellor attempted to respond to…

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167 – Marmite Wars

Inflation rose to 1% in September, but that will not be the end of the story. Last month a spat between Tesco and Unilever over the pricing of products under a new contract saw Marmite temporarily removed from the shelves of Tesco’s internet shopping website. The two parties resolved the issue quickly once it hit…

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166 – Age related pension tax relief?

The pre-Autumn Statement rumour mill is suggesting a radical reform of pension contribution tax relief. Could tax relief for pension contributions be based on your age rather than the rate of income tax you pay? It may sound strange, but one idea doing the rounds is that tax relief on pension contributions should become a…

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165 – State Pension Age

The government has published an independent review on the state pension system. There was a time when it was all so simple: men drew their state pension from age 65 and women from age 60. That all started to change in the mid-1990s, when the Pensions Act 1995 set in train a phased increase in…

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164 – Quarter 3 review

The third quarter of 2016 was not the meltdown it threatened to be after the referendum. The final days of the second quarter of 2016 were dominated by the fall-out from the outcome of the referendum on 23 June. It was, to put it mildly, a volatile time for investment markets. However, for all the…

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165 – Trump…..

2016 has certainly been a year of surprises with this morning just adding to the long list which includes Brexit, new prime ministers, Leicester City winning the Premiership...... Equity markets are selling off across the world as each one opens and bonds are rallying along with gold, in a nutshell its risk off; big style.…

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162 – Date set for Autumn statement

The Treasury has confirmed that the Autumn Statement will be on 23 November. When George Osborne was replaced as Chancellor in July, his successor, Philip Hammond, deliberately avoided taking any action. He left the immediate economic response to Mark Carney and the Monetary Policy Committee at the Bank of England, which duly cut interest rates…

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Another Chinese export

The next stage of the opening up of the Chinese stock markets has been agreed. Many major companies incorporated in China have dual share classes: A Shares, which is the main share category, are denominated in renminbi, the Chinese currency. They are listed on the Chinese stock exchanges, the major ones being Shanghai and Shenzhen,…

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158 – The Six Figure Pension Scheme

The fall in interest rates is boosting some pension transfer values. Pension scheme deficits have been hitting the headlines again, and not just those of BHS. The Bank of England's efforts to bolster the post-referendum economy have been to blame. On one widely quoted measure - the Pension Protection Fund's PPF7800 Index - the overall…

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153 – Property Fund Lock Ins

July saw several major property funds suspend dealings. One of the unexpected outcomes of the UK's vote to leave the European Union on 23 June has been that at least eight property funds have suspended dealings, meaning that investors cannot cash in their holdings. Some other funds have applied large discounts to prices for those…

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