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FTSE scrapes below 4,000

The FTSE 100 dropped to its lowest level this year, falling to 3,938.12 in afternoon trades today.

UK stocks fell to their lowest levels in over five years last November on global recessionary concerns but reports today that Royal Bank of Scotland is scrambling for billions in Government funding to offload its toxic assets dragged the index south.

RBS fell 12.56 per cent over the course of the day to 18.10p from 20.40p at open of trade.

Life insurer Legal & General also dragged on the index following yesterday’s statement on its capital position. Despite assurances from the firm to quell investor concern, shares in the firm had dropped 11.70 per cent to 40p by close of trade.


Spring breaks

February and March are key months in which to consider tax planning to maximise the use of an individual’s allowances, reliefs, exemptions, etc, for the current tax year. Some of these will be lost if not used before the tax year end.

Fee rise is unfair for advisers

It would be grossly unfair if the advice sector shouldered more of the financial burden of the current crisis than other sectors of financial services. Indeed, there is a strong argument for why they should shoulder proportionately less.

Fair Exchange

In 35 years in the City, I have been blessed by opportunity, wonderful mentors and friends – and being in the right place at the right time.

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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