With the general election now only weeks away, Money Marketing assesses the manifesto pledges affecting advisers and their clients. Tax While cracking down on tax evasion and aggressive avoidance has proved popular territory for all the major parties, several are also seeking to ameliorate the tax loads of voters. The Conservatives have promised to raise […]
Watching 70 presentations in two days is an exhausting experience, as anyone who has been to Finovate will tell you, but it is well worth it because of the range and diversity of ideas presented. As a regular attendee (this is my tenth Finovate) I have found it is valuable to identify the presentations I […]
UK GDP grew by 0.4 per cent in the three months to April compared to 0.3 per cent growth in the three months ending in March 2015, according to the National Institute of Economic and Social Research. The think-tank says it expects “the slight softening” of GDP growth experienced in the first quarter of this […]
Embattled asset manager Pimco has suffered another blow following the news global head of equities Virginie Maisonneuve is to leave the firm. Maisonneuve joined Pimco in 2014, having been hired by former chief executive Mohamed El-Erian, but will now be leaving the firm, according to reports from the Financial Times. Douglas Hodge, Pimco’s chief executive, says […]
Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.
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