Speak to an adviser
0116 253 5600

Articles

The “Pension Freedom” Pension Process

Now that “Pension Freedom” is with us, how should you prepare to take your pension and start the longest holiday of your life? 30+ years beforehand(!): Start saving a proportion of your earned income into a pension scheme on a regular basis. As a very rough guide, history suggests that half current pay from the date of full retirement will…

Read More

More Scams around Pension Freedom

Various newspapers and authorities are warning of a massive increase in potential financial crime around pension freedom. Today, the Daily Mail has warned that fraudsters are purchasing details including pensions and shareholdings, to target potential victims with assets but who are financially unsophisticated. The article, which can be found at http://dailym.ai/1xqCxM9, highlights the level of detail available for purchase and…

Read More

A very brief Budget commentary

The weekend papers have been full of budget commentary as the last budget before the election was unveiled last Thursday. For most of us in financial services there has been few nasty shocks and certainly nothing as far reaching as the pension freedoms launched last year, but only now coming to fruition. As is usual, it is still too early…

Read More

Investments: The Impact of Modern Portfolio Theory

If you ask, most people believe that I, as an Independent Financial Adviser, pick shares for people to invest their money in. In reality, the only person I pick shares for is myself, as IFAs do not as a rule, buy shares for clients. Share purchases are usually handled by a stockbroker or purchased by individuals on their own account….

Read More

Two sides of the coin: self-invest or take advice?

Two articles from the press were brought to my attention over this last week; one in the Telegraph on Saturday, March 7th headlined “This year, become your own fund manager” and the second in The Spectator for the same date headlined “The real point of a financial adviser is to save you from yourself”. You can find the original articles…

Read More

Are Premium Bonds any use?

I have a number of clients with Premium Bonds and my general view of them was unless you have a lot and you are a higher rate taxpayer then they are not much more than a cheap flutter. I have one client who texts me when she has had a win, I’m sure this is just to ‘rub in’ that…

Read More

Final Salary Schemes; safe as houses?

Saturday in the Telegraph saw a headline on the front page and more detail in the Money section about final salary pensions and the ultimate security of income. (see here for the original article, http://www.telegraph.co.uk/finance/personalfinance/pensions/11423713/Final-salary-pension-Your-retirement-income-is-at-risk.html). For me, with a deferred pension in the local government scheme and a further deferred final salary scheme in the private sector, this is a…

Read More

Income Issues – In retirement and out of it

The launch of the NS&I new 65+ Guaranteed Growth Bonds, (often called “Pensioner Bonds”), giving a 4% return over 3 years  has cast a strong focus on getting income out of your investments in retirement, (see http://www.nsandi.com/65-guaranteed-growth-bonds). Although the level of security and return make them attractive, they are not the whole answer to generating a return in retirement. For…

Read More

Spotting a Pension Scammer

The big changes in the release of pension funds in April 2015 has presented a massive target for the scammers and chancers to extract pension money from unfortunate retirees. The Financial Conduct Authority, (FCA), estimate financial fraud, including pension liberation, at £1.2Billion annually, with the average loss per individual put at £20,000. No one can afford that level of loss,…

Read More

Over-Complex Tax Planning

All of the newspapers over the weekend seem to have enjoyed the likely financial discomfort of lots of big-named celebrities, with the biggest splash I have seen being Gary Lineker, with articles in the Sun, Daily Mail, the Times and the Telegraph. A brief selection is noted below: http://www.dailymail.co.uk/news/article-2929590/Now-s-penalty-Match-Day-pundits-Danny-Murphy-Martin-Keown-stung-multi-million-bill-investing-tax-avoidance-scheme.html http://www.thetimes.co.uk/tto/money/tax/article4337874.ece http://citywire.co.uk/new-model-adviser/news/football-pundits-face-4-5m-tax-avoidance-bill/a795619 (Some of the articles are behind paywalls, so I…

Read More