November 2017


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  • Mike Morrison receives posthumous award from PFS

    23 November 2017

    Mike Morrison has been given the prestigious lifetime achievement award at the annual Personal Finance Society awards, which took place last night (Wednesday 22 November) at the Roundhouse in Camden. Mike, who tragically passed away earlier this month, was a hugely influential figure during his three decades in the financial services industry, in which...

  • Budget Summary

    22 November 2017

    Alongside an extra £3 billion of funding to prepare for Brexit over the next two years, in the Autumn Budget 2017 Chancellor Philip Hammond announced the following: No changes to the pension system Given that the pensions freedoms are less than 3 years old the fact that there has been no further tinkering with...

  • Why we won’t be getting a normal post-election Budget

    20 November 2017

    Matt Phillips, Wealth Management managing director at Thomas Miller Investment, comments on what might be expected from Wednesday’s Budget. “Post-election Budgets tend to be characterised by big sweeping changes which generate lots of income for the government to use ahead of the next election. But this one is bound to be different. Politically, the...

  • Defined benefit transfer values stabilise on Xafinity Index

    19 November 2017

    Defined benefit transfer values remained stable during October after months of volatility, according to Xafinity. Values fluctuated between £229,000 and £234,000. The difference between the maximum and minimum readings of the Xafinity Transfer Value Index was 2.3%. Sankar Mahalingham, head of DB growth at Xafinity (pictured), said: “Transfer values stayed fairly stable during October...

  • Budget: Possible pensions, tax and investment changes and a wish list

    17 November 2017

    Les Cameron, head of technical at Prudential, considers the key pensions, tax and investment issues the Chancellor could address and adds a wish list of his own. Tax relief A reduction in tax relief and potential removal of the tax-free lump sum are often mooted before budgets but I don’t think the tax-free lump...

  • Criterion and TeX to collaborate on improving transfers and re-reg processes

    15 November 2017

    Criterion and TeX look set to collaborate in supporting the Transfer and and Re-registration Industry Group (TRIG) in overhauling the transfer and re-registration processes, across long-term savings and investments. Criterion is the independent, not-for-profit industry body for Standards and Governance working in the UK’s long-term savings, investment, pensions and protection markets, agreeing sustainable Standards...

  • Budget viewpoint: What could be on the agenda for pensions and retirement savings?

    13 November 2017

    This week the technical experts at Utmost Wealth will be giving us their views of what we might see in the Autumn Budget on Wednesday 22 November. Here, Simon Martin, technical services manager (pictured), outlines what he thinks the Chancellor might do to pensions and retirement savings.  What are your views? Do you agree with Simon?...

  • Cashflow modelling should be compulsory for retirement advice, says Prestwood

    12 November 2017

    Prestwood is calling for the government to make cashflow modelling compulsory for retirement advice in the UK, with the launch of a new White Paper.    Prestwood says all firms providing any kind of retirement advice or marketing should use some form of cashflow modelling in an effort to protect consumers from mis-selling and...