China reports slowest GDP growth in 25 years

China’s economy grew by 6.9 per cent during a turbulent 2015, the slowest growth rate recorded by the country in a quarter of a century. The figure is down from 7.3 per cent in 2014 and is the lowest reported by China since 1990. Growth throughout the year was 7 per cent in Q1 and […]


Former IoD adviser launches retirement options website

A new membership-based website and online community is to launch to help savers plan their retirement income including pensions, equity release and renting out spare rooms. The Retirement Income Alliance is a joint venture between former IoD financial services policy senior adviser Malcolm Small, the National Federation of Occupational Pensioners and 7plc’s Helen Buchanan. The […]


Falling subscriptions push Apfa to £30k loss

Falling subscriptions fees from associate members pushed Apfa from profit to a deficit of £30,000 in the year to June 2015. The trade body’s audited annual report shows it made a £30,080 loss compared to pre-tax profits of £29,253 over the same period in 2014. Turnover also fell, from £797,842 in the year to June […]

John Pattullo: Five lessons for fixed income investors

It was Albert Einstein who said the only source of knowledge is experience. If experience is the best teacher, then 2015 leaves fixed income investors a legacy of five lessons: Understand and accept where we are in the credit cycle. In the US, creditor‑unfriendly activities such as mergers and acquisitions, share buybacks and special dividends […]

Multiple Gains – the simple calculations advisers need to know

It’s widely known that chargeable event gains arising on life assurance policies, capital redemption policies and purchased life annuities are subject to income tax. Most advisers will also understand the chargeable gain calculation where a client only surrenders one investment bond in a tax year. However, what if clients need to surrender more than one […]


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