Prime minister David Cameron has confirmed Ros Altmann is to be pensions minister, days after she told Money Marketing she had turned down the role. Prior to the election Altmann said she would be minister responsible for consumer protection and education. She said she did not want to be pensions minister because she thought she […]
PI insurers are considering exclusions for insistent DB to DC transfers, Money Marketing understands.
Forecasts for growth in the UK have been lowered by the Bank of England in its latest inflation report. The Bank says inflation hit zero in March, as previously forecast, driven by falls in energy and food prices. However, the Bank has made minor reductions in forecasts for growth in gross domestic product for the […]
According to a business associate of mine (and someone considering his own retirement options) “the sands have shifted since the pensions freedoms were announced”. Now they are here, he believes most rational people will work out the cash option is not that attractive considering the tax implications and the problem of where to reinvest it. […]
To a lot of people, the concept of a trust carries an air of mystery. According to Canada Life’s most recent IHT survey, trusts were the second most unpopular estate planning tool, with 40 per cent saying they had no intention of using them. Nineteen per cent said setting up a trust was too time-consuming or […]
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