View more on these topics

Annuity and sympathy

The Budget will be heavily influenced by the general election expected by many in the next couple of months.

While Chancellor Gordon Brown has said it will not be a give-away Budget, we can anticipate a Budget focused on the needs of the voting public. Moreover, the Chancellor will probably not wish to upset any potential Labour voters.

With these objectives, we can anticipate changes in tax allowances and thresholds which will improve disposable income for many low and moderate earners.

We can also expect the Chancellor to reannounce important improvements for grey voters, such as the £5 a week increase in the basic state pension, the introduction of the state second pension and pension credit.

We will all be interested in what he says about compulsory purchase annuities. While our research suggests pensioners want the certainty that their pensions will not decrease and will continue for the rest of their life, we recognise that some want more flexibility.

If the Chancellor grasps this nettle, I would expect him to announce a review of the options rather than a definite change in the legislation.

However, we can also expect an interim move to increase the maximum age at which an annuity must be taken from 75 to 80.


M&G boosts ad spend by 25%

M&G is increasing its annual marketing budget to £16m this year from £12m in 2000 and revamping its ads in a bid to raise its profile. As part of the new drive, it is rebranding as M&G Investments and will running an Isa season campaign costing £9m, up from £5m last year. In the Isa […]

Juliaan Gibbs

The ideal investment is one that gives high potential growth or income with a guaranteed return. Credit Suisse First Boston has pioneered an investment for institutions which should achieve this objective. It invests in a portfolio of hedge funds and fixed-interest securities and gives a guaranteed return of the original capital invested after a number […]

007 star bonds with FTSE

The FTSE is offering new indices aimed at setting a global standard for socially responsible investment. Unicef goodwill ambassador and former 007 star Roger Moore launched the indices at the London Stock Exchange this week. All licensing fees from the indices will be donated to Unicef. The FTSE4Good indices, covering the UK, Europe, US and […]

L&G bonds with performance

Legal & General has brought in the performance bond individual savings account (ISA)The ISA is aimed at investors who are looking for either income or growth from their investment. Investors can opt for either an income of seven per cent a year or growth of 40 per cent over a five year term.The product tracks […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm