Newcastle Building Society had launched a five-year guaranteed bond offering returns based on 110 per cent of any growth in the Halifax House Price Index. The bond, available within an Isa, Sipp or Ssas, goes live on September 29 but funds invested before then benefit from an interest rate of 4.5 per cent.
This week by Jo Thornhill, personal finance correspondent, The Mail on SundayThe week starts with a frantic search for a case study, a common Monday morning exercise. This time, it is the tricky issue of the child tax credit. Claimants have been receiving renewal packs and the National Audit Office is due to deliver a […]
Some commentators have suggested that the FSA has thrown a spanner in the works by asserting that if advisers seek to deliver all a client’s investments through a single wrap, they must ensure that packaged products are considered from a range of providers in order to be called independent.
A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.
Close to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition. This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project. The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just […]
Back in May, I wrote about the pressures building in advice firms due to a shortage of highly skilled staff and the consequent costs in recruiting. With Apfa research finding profits from retail investment advice fell 16 per cent between 2014 and 2016, I thought businesses faced a worrying future. But last month’s FCA Data […]
The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]