George Osborne warns vote to leave EU means DIY recession – share investors still favouring Brexit

23 May 2016

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The Prime Minister David Cameron and the Chancellor of the Exchequer George Osborne has warned that Britain could plunge into an instant recession if it leaves the European Union. The latest analysis from the Treasury on the short term implications of a vote to leave the European Union suggest that a recession would last at […]

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Lord Turner proposes raising state pension age to 70 with means-testing for earlier access

22 May 2016

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Lord Turner has put forward new proposals to raise the state pension age to 70 years old, but with some in manual occupations still getting the pension five years earlier at the current 65 subject to means-testing. The call will prove controversial given the campaigns against the Government’s plans to equalise the retirement age for […]

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M&G cuts charges for direct investors and plans to absorb research costs from next year

22 May 2016

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M&G Investments is to offer lower fund charges to its direct customers who sign up to a new online service.   All current and future customers invested directly in M&G ISAs and funds will be eligible for the new service, which is due to be launched later this summer. The ongoing charge figure (OCF) for a […]

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Expert Opinion: LISA and the British obsession with home ownership

20 May 2016 by Steve Herbert

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Earlier this week the Work and Pensions Select Committee voiced a concern that has been bothering some commentators within the pensions industry. The Committee warned that a new savings plan – announced in the March Budget statement and this week confirmed in the Queen’s Speech – the Lifetime ISA (LISA) could; “distract from [pensions] Auto […]

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Renters are far behind home buyers in terms of financial wellness

20 May 2016

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A growing number of UK adults are unable to purchase a home, leading them to suffer from poorer levels of financial wellness, according to the first Momentum UK Household Financial Wellness Index.* The Index, commissioned by Momentum UK and conducted by the University of Bristol’s Personal Finance Research Centre is the first research of its […]

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Expert Opinion: Risky assets perform well in expansions, safe assets in downturns – the problem is we don’t know where we are going next

20 May 2016 by Chris Iggo

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It is an indisputable general point that risky assets perform well in economic expansions and safe assets perform well in downturns. The problem at the moment is that we don’t know where we are going next. Indicators suggest that we could see economic expansion or contraction. At the same time valuations are not particularly attractive. […]

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“Pension fraud is happening in SSAS pensions today” says A.J. Bell as it warns the Pension Bill is missing the target

19 May 2016

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The Government has missed an opportunity to crack down on vehicles widely used by scammers to facilitate pensions fraud, investment platform AJ Bell says. The Government revealed plans in the Queen’s speech to provide “better protections” for savers in master trusts – the multi-employer schemes looking after the savings of millions of people as a […]

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Ten things to think about before you sell your annuity

19 May 2016

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Steven Cameron, pensions director at pension firm Aegon has suggested 10 things you should think about before selling on your annuity He says: “From next April, as a result of government changes, some people will be able to sell on their annuities. An annuity gives you a guaranteed income for life. When you bought your […]

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Letters down, parcels up as Royal Mail raises the dividend 5% to cheer shareholders

19 May 2016

insight

Royal Mail has announced a 5% rise in its full year dividend to 22.1 pence per share. Revenue increased by 1% to £9,251 million and underlying operating profit came in at £742 million, up 5%. Profit before tax actually fell from £400m to £267m, on the back of costs related to the ongoing restructuring of […]

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High Net Worth investors prefer Europe over US equities

19 May 2016

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High net worth investors are now more optimistic about European equities over the US a survey of 800 high net worth investors from seven European cities shows. In terms of very broad classes of asset, it shows them them favouring private equity as the expected best performing asset class in 2016. The survey by J.P. […]

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