View more on these topics

Killik & Co warns consumers to prepare pension for “tough times”

Killik & Co is urging consumers to review their pension investments to ensure they are prepared for “tougher times ahead”.

Investments should be reviewed at least once a year to assess performance, fees and suitability, according to Killik & Co.

It suggests that couples with an Isa should ensure they contribute £7,200 to take advantage of the Isa allowance for the current tax year, before April 5, 2009.

Killik says over a period of 25 years, assuming a compound interest of 5 per cent per annum, this could grow to £720,000 in a tax advantaged wrapper.

Another option for higher rate tax payers over 50 is to transfer existing shareholdings and putting the proceeds into a Sipp. Killik and Co says this will give a 114 per cent boost to a pension without any investment risk.

Killik & Co financial planning division managing director Malcolm Cuthbert says: “Everyone should review their finances at least once a year and the New Year is a perfect opportunity to do so.

“This Christmas people have already been more prudent and reined in spending but there is still much that can be done to prepare for tougher times ahead by making your money work harder through smart planning and taking advantage of tax relief available on ISAs and pensions”.


FSA to host TCF seminar in Norwich

The FSA is hosting a treating customers fairly training seminar for small FSA regulated retail firms and compliance consultants in Norwich on January 21.

Mark Page: “A good time to be a European fund manager”

With European markets picking up in early 2015, Mark Page, Artemis European Opportunities Fund manager, discusses the ‘macro’ drivers and whether the improvements are sustainable. Largely driven by economic stimulus by the European Central Bank, European stockmarkets have performed strongly so far in 2015. Mark discusses the relative merits and sustainability of ECB policy with […]


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