View more on these topics

Fitch says credit rating won’t be hit

Fitch says last week’s Budget had no impact on the safety of the UK’s AAA credit rating.

Earlier this month, Fitch cut the UK’s rating outlook from stable to negative, warning that the UK economy would struggle to absorb unexpected shocks.

It says the “fiscally neutral” Budget contained no unfunded tax cuts or spending promises, conformed to the Government’s commitment to deficit reduction and was bolstered by a slight improvement in growth projections from the Office for Budget Responsibility.

The OBR now predicts gross Government debt will peak at 92.7 per cent of GDP in 2014/15, compared with its November estimate of 93.9 per cent.

Fitch says it expects gross debt to peak at more than 90 per cent of GDP in 2014/15 before gradually declining. It says: “The Budget does not impact Fitch’s assessment that the UK’s AAA sovereign rating is warranted but is vulnerable to adverse shocks. However, the scale of the fiscal challenge remains large relative to its AAA peers. Retaining AAA status is conditional on debt stabilising by the middle of the decade and declining in the foreseeable future to below 90 per cent.”



Easter launches advice firm with Peter Williams and David Ingram onboard

Former Honister Capital director Alan Easter is launching a new advice and fund management group, which has former Aegon head of industry development Peter Williams and former Threesixty technical director David Ingram on the board. The Beaufort Group is made up of Beaufort Financial Planning and Beaufort Investment Management. BFP will provide whole of market […]


MM Profile: James Bolton

The managing director of the newly crowned Money Marketing IFA of the Year sees the main problem facing the firm as being able to take advantage of all the opportunities available and is aiming to grow the business by 20 per cent a year


The 10 firms with the most complaints

Lloyds Banking Group was the most complained about business group during the second half of last year, FSA data reveals. The regulator published its latest set of complaints data earlier today. It shows that across the Lloyds group a total of 489,099 complaints were received by the group between July 1 and December 31 last […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]


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