View more on these topics

Sterling soars on Brexit breakthrough

The pound was up in early morning trading on news the UK has reached an agreement with the EU on the Brexit bill, paving the way for trade talks to proceed next month.

The Brexit ‘divorce bill’ will reportedly amount to between €45bn and €55bn, the Telegraph reports.

Sterling soared to a two-month high, up 0.6 per cent at $1.34, a 1 per cent increase since news of the agreement broke. Against the euro, sterling is 0.4 per cent stronger, at €1.23.

However the gains have weighed on the FTSE 100, which is down 0.5 per cent at 7,423.1.


Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]

Lessons to be learnt

CISI threatens legal action against advisers claiming false qualifications

The Chartered Institute for Securities and Investment has warned that it could take legal action against advisers giving false qualifications on IFA directories. The CISI, which merged with the Institute of Financial Planning last year and grants the Certified Financial Planner designation, has said today that it could not only expel advisers from the CISI if […]

‘Defined ambition’ pensions back on table with new MP inquiry

The Work and Pensions select committee is launching a new inquiry into defined ambition pension schemes, which were legislated for but not fully implemented in 2015. The inquiry will consider whether collective defined contribution arrangements can give better outcomes than traditional DC plans, how they might be governed and whether seriously underfunded defined benefit schemes […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


News and expert analysis straight to your inbox

Sign up


There are 3 comments at the moment, we would love to hear your opinion too.

  1. Think you meant 1.13 Euro/GBP

  2. Soars??!! Goodness this outrageous journalistic exaggeration!

    At 15.11 hrs €1.13 =£1 that is a rise from €1.11 or 1.8% It is still awful. 30th November 2015 it stood at €1.4211. That’s a measure of how lousy Sterling is at present. Stop the nonsense hyperbole please. Or do you work for the Government?

  3. So, it’s hyperbole if something positive is published about Brexit but “I told you so” if it is negative! Personally we should ban all articles that do not provide proper balance and headlines in particular!!

Leave a comment