Fast forward: What will pensions be like in 20 years? Experts say taking a loan and easy access are on the cards, while inheritance may mean losing the state pension May 26, 2016 The nation's plans for old age have been subject to change lately as the chancellor has announced a range of reforms to how pensions work. There have been radical changes, and everyone believes more are heading our way. So what will pensions saving be like in 20 years’ time? Read more: The planned second-hand annuities [...]
Pensions dashboard takes a step closer to becoming a reality, with prototype in the pipeline May 26, 2016 The long-awaited pensions dashboard took a step closer to becoming a reality today, with a potential prototype revealed as being in the pipeline. In a white paper launched today, the Association of British Insurers (ABI) and the Money Advice Service (MAS) revealed that they would be taking the next step in developing the dashboard, which aims [...]
Food is the megatrend of the future and investing in meat, pork, health foods and grains is making investors money May 26, 2016 Doom-mongers often talk of the impending explosion in the human population. There will be 9bn people on the planet by 2050, and one of the big problems will be how to feed so many mouths. “Global supply and demand is out of balance, and in a state of flux,” says Hugo Rogers of the Liontrust [...]
Prime minister David Cameron warns of hit to pensions if Britain backs Brexit May 26, 2016 Prime minister David Cameron has warned retirees face a triple threat to their pension pots if Britain votes to leave the European Union. He said pension funds would shrink due to the economic shock from a leave vote, just as the fallout increased the cost living and changes to visa and residency rules led to a shortage of [...]
Coca-Cola chief executive tops international black, Asian, and minority ethnic executive power list May 26, 2016 The boss of The Coca-Cola Company, Muhtar Kent, has topped a list of Black, Asian and minority ethnic (BAME) bosses from around the US, UK and Ireland. The ranking, put together by executive search firm Audeliss, placed Manjit Wolstenholme, chair of Provident Financial second and Albert Cheng, chief operations officer at Amazon Studios in third. Its release follows a similar one from the House of Lords [...]
No charge for early exit on pensions under FCA proposals May 26, 2016 Firms will not be able to charge consumers for taking money out of their pensions early under new proposals put forward by the FCA. The watchdog is calling for a one per cent cap on for people with existing contract-based personal pensions, including workplace personal pensions. But for future pensions, firms will be banned from applying fees. [...]
Ex-Barclays boss Rich Ricci: Fintech will eat banks’ lunch May 26, 2016 Rich Ricci, the former head of Barclays investment banking and right-hand man of Bob Diamond, has warned that fintech startups will snatch market share from established financial institutions and change the landscape of banking. Efforts of big banks to innovate will continue to be thwarted by their archaic technology as they face increasing competition from [...]
Common investment errors that are losing you money May 26, 2016 For all the fire and fury about institutional investors and corporate executives destroying long-term value by failing to think beyond the next quarter, perhaps it’s ordinary savers that have the greater problem. Despite more and more people enjoying lengthy periods in retirement, and funding that retirement increasingly being a responsibility of the individual, HSBC Global [...]
Buy to let investors are feeling the heat: What are the alternatives for gaining exposure to residential property? May 26, 2016 The buy-to-let boom of recent years has fed the stereotype that Brits are uniquely obsessed with property. Yet statistically this appears to be little more than a myth. The latest data from Eurostat show that 64.8 per cent of the UK adult population lives in a property they own compared to an EU average of [...]
School of hard knocks: How to cut the soaring cost of private education May 26, 2016 When it comes to our children, a good education is priceless. But if you’re talking about sending them to a private school, there is a hefty price tag, and it has been rising precipitously. To send a child to a private day school from 2015 to 2028 will set you back an average of £286,000, [...]
