The new second-tier state pensions could cost the Government an extra £6bn when it is unveiled in the Welfare Reform and Pensions Bill on Wednesday.
The pensions is deemed twice as generous as state earnings related pension which it is replacing.
The second-tier pension also boosts entitlements to carers and others earning less than £9,500 a year.
Online trading is set to boom even though trade sharing is becoming riskier, according to industry experts.Last week Halifax suspended internet share dealing after customers were able to access other people's accounts. But this Monday 800 people registered for the Halifax service – twice the level of a normal day.The mess-up highlighted the problems with […]
Shares in internet company Freecom shot up on the companies debut on the Alternative Investment Market (Aim). Trade opened at 138 per cent premium on the initial public offering price – at 310p compared to the 130p initial offering. Freecom designs e-commerce packages for small and medium-sized firms. Share dealers speculate internet stocks are in […]
National Westminster Bank has made a further attack on the hostile £27bn bid made for the beleaguered bank by Bank of Scotland.Natwest chairman Sir David Rowland claims BoS managers believe the hostile approach has been mistaken. He said: “The meeting we attended with Bank of Scotland demonstrated a complete reversal of attitude by its management […]
National Mutual is launching an on-line quotation service for personal pensions in February. The service aims to provide IFAs with instant access to on-line quotations through a free internet-based service.IFAs will be able to key in the details of a client, giving the system the information it needs to generate a shortlist of suitable products.National […]
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]