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Sixty three per cent back the new workplace pension reform. Do you agree? Are you affected?

30 January 2013

Retirement Planning

The Government’s new workplace pension reforms are supported by 63 per cent of the public according to the National Employment Savings Trust (Nest) – a new state backed pension provider set up by the Government to help manage new pension money. The new system of workplace pensions otherwise known as auto-enrolment means if you earn […]

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Confused by the state pension reform? You should be

29 January 2013

Retirement Planning

Confused by the words ‘Serps’, ‘contracting out’ and ‘state second pension’? You are not alone. They are so complex that virtually nobody knows how much state pension they will get when they come to retire. This confusion is one of the main reasons why the Government wants to bring in a flat rate state pension […]

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Manchester United shareholders have $3bn reasons to cheerful

28 January 2013

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When Manchester United held an IPO on the New York stock market last year, it met with suspicion from many fans who felt it was simply a cash raising exercise for the club's controversial owners the Glazers. That listing was actually the second attempt, as a previously planned partial float in Singapore, had been abandoned […]

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Apple not acknowledging loss of market share to rivals – says RCM Technology Trust – 15088

24 January 2013

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What goes up must go down as Isaac Newton almost said but should that really have applied to Apple’s share price this week? Given that profits were steady at around $13.1bn and the firm sold more iPhones, at around 47.8 million and iPads of 22.9 million in the final three months of 2012 than in […]

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Nearly a fifth of this year’s retirees will still be paying off debt

21 January 2013

Retirement Planning

The number of people retiring in debt remains uncomfortably high at 18 per cent of the population according to research from insurer Prudential. The average owed by those retiring is £31,200 though this is a big improvement on the previous year when the figure was £38,200. This reflects the fact that many people and not […]

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Apple – don’t give up on it as an investment just yet

18 January 2013

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As the largest company in the world – and of all-time before recent dips – media glare on Apple is rarely less than intensive. After a huge first half of 2012, during which its share price rose from $500 to $700, recent months have been tougher and the company has dropped back towards the $500 […]

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Many drawdown investors get a date for when they can withdraw a fifth more – March 26

18 January 2013

Retirement Planning

Many income drawdown investors who want to increase the maximum annual withdrawals from their pension pot will now be able to do so from March 26th this year. In the autumn statement, the Government announced that it was moving the maximum withdrawal limit for capped drawdown from 100 per cent to 120 per cent of […]

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Facebook

17 January 2013

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To create a business that took even a small percentage of Google’s search market share is obviously well worth the effort. But we suspect that Facebook would like to do a lot more than that with its new search service graphsearch. A relatively low key launch this week contrasted with Google’s bid to take on […]

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The state pension reform – were you better off contracted out after all?

16 January 2013

Retirement Planning

As the French say, you can’t make an omelette without breaking eggs, and while the landmark reforms to state pension unveiled this week certainly create plenty of gainers, they also leave a fair number of losers too. To be fair to the Department for Work and Pensions, sorting out the UK’s pension system was never […]

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ICAEW rubbishes basis of supermarkets’ like for like sales claims

15 January 2013

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A week after Sainbury’s and Tesco clashed over who had won the Christmas sales battle, the Institute of Chartered Accountants in England and Wales has rubbished the basis of retailers’ calculations of like for like sales. The Daily Mail reported on the row last week that saw Sainburys claiming its sales would have been higher […]

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