Was George Osborne’s last Budget before the General Election a winner for British savers? March 18, 2015 Iain McCluskey, tax director at PwC, says Yes This was a Budget for those who choose to, in George speak, fix their roof. With returns on savings sitting at miserable lows for most people, the chancellor had to innovate to try and encourage the country to save. He did this by using the Budget to [...]
Budget 2015: What to watch out for today March 17, 2015 WHO: GEORGE OSBORNE WHEN: 12.30PM TODAY WHERE: HOUSE OF COMMONS WHAT WE ALREADY KNOW A further shake up of pensions Over 55-year-olds who had previously been forced to buy an annuity will be able to sell it for a lump cash sum to use as they wish, instead of receiving the regular payouts, building on reforms from [...]
Multi-asset: Why the case for these funds is growing – Investment Comment March 17, 2015 With pension freedoms arriving next month, today’s retirees have serious and complex decisions to make about their financial futures, over which they now have unprecedented control. Investors who may once have bought an annuity will now need to carefully manage risk to prevent against the potential loss of future wealth, while accessing competitive returns to [...]
Pension Insurance Corporation sees benefits of bond issue as profits rise March 16, 2015 Pension Insurance Corporation (PIC) has posted pre-tax profit of £170m for the year to 31 December 2014, up from £114m in 2013. The specialist insurer also reported new pension business premiums of £2.6bn across 19 transactions, with clients, including French oil group Total and management consultancy firm Aon Hewitt. PIC raised £300m through a bond issuance [...]
Budget 2015: New pensions changes to allow savers to cash in annuities March 16, 2015 George Osborne’s crunch pre-election Budget will give savers who already own an annuity the power to cash it out. This new loosening of pensions rules builds on changes in last year’s Budget, and was confirmed by the Treasury yesterday. The Treasury says that it will give greater flexibility to five million pensioners who already own [...]
ITV in countdown to legal scrap over pension plans for Charles Allen execs March 16, 2015 ITV is preparing for a legal battle to take back almost £40m from a pension scheme for former chief executive Lord Charles Allen and three of his former colleagues. The broadcaster is seeking to free up assets that were placed in a ring-fenced retirement plan 15 years ago, when Lord Allen was head of Granada, [...]
One in three 2015 retirees have no idea about pension changes March 16, 2015 Almost one third of people due to retire this year have not heard of the pension changes which are due to come into force on 6 April, research from retirement specialist Prudential reveals this morning. According to the company, the retirees who are aware that a broader range of retirement income options will be available [...]
IonStar founders Liz and Tim Hughes talk connecting City talent, lifeboats, piano lessons and how to make a real difference March 15, 2015 Like most couples, Tim and Liz Hughes got to the stage in life where they wanted to start a family. The challenge they faced was that, as successful professional people, they wanted to make the most of their skills and abilities – but also their family life. “Throughout my career, I’ve watched women above me [...]
How a startup can benefit from a hybrid investment strategy March 15, 2015 Different kinds of investors bring different kinds of value to the table. Striking the right balance between them is vital for any young business. At JustPark, I’ve now had exposure to four different types of investor: a corporate investor, an angel investor, a venture capital firm, and currently the crowd – the thousands of people [...]
Gimme 5 March 15, 2015 …LONDON HOTDESKING COMPANIES Deskcamping Deskcamping likens itself to a campfire – you can sit, meet new people and share things. List a spare desk or find one to use. As the service is new, it’s currently free to list, with desk owners naming their price. www.deskcamping.com Hotdesking Hotdesking offers four office spaces in central London [...]
