The FSA has relaunched its consumer website, Moneymadeclear, which offers information and product comparison tables. It plans to add payment protection insurance comparison tables soon.
I have an executive pension plan with a fund value of £100,000 and a tax-free cash limit of £35,000. I gather that the new pension rules do not allow me to transfer this fund without reducing my tax-free cash limit to 25 per cent of the fund. Is that correct?
The Epic venture capital trust is a generalist VCT that aims to raise up to 15m to invest initially in non-qualifying fixed-income and quoted mid-cap equity portfolios and then in qualifying unquoted companies.Considering the positive features of this VCT, Michael Philips proprietor Michael Both says: “Epic’s strategy is well thought out with a clear eight-year […]
Kensington chief executive Alison Hutchinson has announced she will be leaving the firm at the end of March following its integration with parent company Investec.
A judge has told a crooked bank manager he was sending him to jail as a warning to others.Judge Nicholas Coleman told Robert Daniels, 35, a senior manager with HSBC in Peterborough, as he sentenced him to 18 months in jail: “The terms of this sentencing are not just to punish you and to prevent […]
The chart below demonstrates the change in US 10-year Treasury yields in the run-up to a Federal Reserve (Fed) hike, and what then happens in the weeks afterwards. This covers the 70 Fed hikes over the past 37 years. In the run-up to a Fed hike, US yields tended to rise. This is no surprise, […]
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]