Downgrades of sovereign debt outnumbered upgrades in the first quarter of 2009 by almost 18 to 1, according to a report from IHS Global Insight which surveyed moves throughout the world by credit rating agencies.
The British economy is expected to shrink by 3.9% in 2009, more than expected only a few months ago. The Confederation of British Industry (CBI) has revised its forecast for gross domestic product (GDP) in Britain, saying the country’s economy will contract by 3.9% in 2009 compared with the 3.3% fall predicted in February.A report […]
Average drawdown withdrawal rates have reached a level unlikely to be sustainable through retirement The FCA recently published new retirement income market data showing how consumers are using the pension freedoms. My initial reaction after reading the document was one of frustration, as the information only gives part of the overall picture. Providing some additional […]
The Pensions Ombudsman has ordered Alliance Trust Savings to pay £500 to a client for the stress it caused during the transfer of her Sipp. In the ruling, Mrs N wanted to move her Sipp operated by ATS to one operated by Equiniti Financial Services due to an increase in fees. In June 2017 Mrs […]
Rogue advisers have caused savers to lose hundreds of thousands of pounds after being abandoned to a “Wild West” of pension rules, according to a Sunday Times report. Its report shows how some advisers have exploited the outdated laws and loopholes to lure unassuming investors into high-risk products, leaving them unprotected when dodgy bets have gone […]