Announcements

  • The Consensus View

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    With the hung parliament following the UK election result - it turns out that there isn’t a consensus view!   But perhaps what the UK now has is a parliament that better reflects more of the views of the UK people, a generally well diversified bunch.  So what does this mean for investment markets? When you take a much wider view, considering the gl...
  • BREXIT TAKES OFF

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    Theresa May has formally notified the European Union of Britain’s intention to leave Sunday’s papers could not have been more divided. ‘This week the UK will throw into jeopardy 60 years of unparalleled European peace, security and prosperity’ warned the Observer. While a triumphalist Sunday Express declared, ‘EU laws head for the dustbin from next...
  • Alexander Beard France are pleased to announce the launch of €uvest

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    Following the success of their USA facing SIPP – AMVE$T - for US based Brits with pensions left behind in the UK with no cross border transfer options other than QROPS. A similar scenario now exists in France with most UK pension providers refusing to transfer funds to French PERPS because they believe that they do not meet the QROPS rules. In resp...
  • BUDGET PREVIEW FEBRUARY 2017

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    Introduction Let’s start this preview of the 2017 Spring Budget by looking back to the Autumn Statement of 2016 – Philip Hammond’s first major statement after replacing George Osborne as Chancellor of the Exchequer. In his first Autumn Statement, Hammond announced… the end of the Autumn Statement. Declaring that, “no other major economy makes hundr...
  • Happy New Year to everyone!

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    We begin the year with some news of various developments and changes at Alexander Beard Group of Companies… In Australia we have moved our offices from Sydney to Perth and replaced Stewart Ruppert with a new Managing Director – Dave Stone. This better reflects where the larger percentage of our emigration related market resides and is also home to...
  • Changes from January 1st 2017 in the Netherlands

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    Due to the Wet Beperking Ziekteverzuim (Law Limitation Absence Through Illness) and Arbeidsongeschiktheid Vangnetters (Disability Safety Nets), or BeZaVa. Employers pay annual premiums to the Tax Authorities for permanent and temporary employees for the cost of long term disabled employees. The differentiated Whk (employment continuation funds) pre...
  • Alexander Beard Group’s EU Referendum summary and viewpoint

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    Britain Takes Back Control. Or Does It? This somewhat, necessarily, lengthy note covers the likely consequences of Britain’ historic decision. It our attempt to give you an overview of how things currently stand following the Leave campaign victory; but you will appreciate that events are moving very quickly. ‘I declare that the total votes cast f...
  • BUDGET PREVIEW FEBRUARY 2016

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    Previewing the 2015 Budget almost exactly twelve months ago, we wrote: What now for the Chancellor as he starts to prepare for the Budget on March 18th? On the one hand, the UK is growing faster and recovering better than any other major economy. On the other, there are worrying clouds on the horizon. The victory of the left-wing, anti-austerity p...
  • Stamp Duty Hike

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    Mike Shakespeare, Financial Planning Associate - Chester branch For those of us who feel a property portfolio is a valuable part of our financial planning the coming year will include some added costs. People buying additional property, including buy-to-let or second homes, will face a 3 percentage point surcharge on stamp duty rates from April 20...
  • George Osborne uses Autumn Statement to spell out clear policy messages

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    According to George Osborne’s Autumn Statement and Spending Review, we all look set to face a galvanised HMRC, with an increased war chest for tackling tax evasion and avoidance. The Chancellor believes £5bn of additional revenue is expected to be raised by his new range of initiatives. Measures are planned to introduce new penalties for the Genera...
  • The Autumn Statement 2015 Overview

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    Just over four months ago, George Osborne delivered his second Budget of 2015, following the Conservative Party’s outright victory in the May general election. At that moment, the view from 11, Downing Street must have looked remarkably pleasant. Osborne’s handling of the economy was widely credited with playing a large – if not pivotal – part in t...
  • Autumn Statement 2015 – 9 points to note

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    On 25 November 2015, the Chancellor of the Exchequer delivered his Autumn Statement and spending review. This event allows the government to outline its taxation and spending plans, based on economic projections through to the tax year 2020/21. The Chancellor covered a wide range of issues. Below we provide comment on news relevant to savers and th...
  • State Pension changes in 2016 – can I top up my pension?

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    A new initiative allows people who reach the state pension age before April 2016, to top up their pension. This includes those that are already drawing the state pension. The Government is allowing retirees to buy extra state pension by paying so-called Class 3A voluntary National Insurance contributions between October 2015 and April 2017. This wi...
  • Currency update from TorFX

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    GBP/USD Exchange Rate News and Short-Term Forecast Over the last month the Pound Sterling to US Dollar exchange rate has been stuck trending in a fairly narrow range, moving between lows of 1.5435 and highs of 1.5677. Mixed economic reports from both the UK and US, a dramatic selloff in commodities and global economic concerns have conspired to pre...
  • An overview of the Changes in Dutch Labour Law in 2015

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    Dutch labour is often being called difficult. Especially when it comes to dismissal law foreign companies often frowned upon the Dutch legislation. In 2015 the Dutch labour law legislation is being changed drastically. In this short article these changes will be explained. The changes will take place in three parts: I         changes per January fi...
  • Budget 2015: Are taxpayers really winners?

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     An analysis of the Chancellor’s Summer Budget recently published by ‘This is Money’ presents the outcomes for individuals and families in relation to broad categories of ‘Winners’ and ‘Losers’. One category labelled as winners are Taxpayers. The threshold at which workers start paying higher rate tax will rise for the first time in five years, li...
  • Alexander Beard - StaffChoice Video Guide

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    In this short video, we will guide you through our Employee Benefits site - StaffChoice  
  • HOW MUCH SHOULD I BE CHARGED BY A FINANCIAL ADVISOR?

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    In the Telegraph’s Expat Money section on 21st June 2015 there was an article regarding how some British expats are being charged very high fees for financial advice that are not always clearly explained. It’s important that you fully understand what we would call the Total Expense Ratio (TER) and how it affects the performance of your pension / in...
  • US Dollar (USD) Exchange Rate Outlook – Is the Tide Turning for the ‘Buck’?

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    For the first three months of 2015 the US Dollar enjoyed a bullish relationship with the majority of its currency counterparts as investors priced in the Federal Reserve increasing interest rates in June. The US Dollar notably outperformed both the British Pound and Euro as UK election concerns reduced demand for Sterling while the common currency...
  • Video: Looking ahead to the 2015 Budget

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    George Osborne will deliver the Government’s 2015 Budget Statement on March 18th, in just a couple of days time. What can we expect the statement to reveal or announce? Can we look forward to pre-election tax giveaways, or is the government likely to keep its line on reducing the deficit through austerity? In this short video, we look at some of th...
  • The Greek Election: The 10 Key Questions Answered

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    Over the past few months we’ve written extensively about the financial and political situation in Greece and the possible implications for the country – and for Europe – if Syriza won the General Election that was held on January 25th. We now know the result of the Election: Greece has a new government and it appears that we’re about to have a peri...
  • Changes in how the FCA will work revealed

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    The Financial Conduct Authority (FCA) has set out details of how it intends to meet the regulatory challenges ahead following a detailed review of its strategy, priorities and ways of working. The FCA’s remit is far ranging and challenging with the recent additional responsibility for regulating consumer credit meaning the number of firms that now...
  • CML welcomes stamp duty reform

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    The Council of Mortgage Lenders (CML) welcomed the announcement by the Chancellor in the Autumn Statement of the reform of stamp duty land tax away from the current slab structure to a marginal system. The CML states that it has long argued for such a reform. CML Director General, Paul Smee, commented: “This fundamental reform has been a long time...
  • The new ISA allowances (UK clients only) – Nigel Benn Managing Partner Alexander Beard Wealth LLP

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    Before 5th April each year you have the opportunity to invest up to £15,000 in a new Individual Savings Account (NISA), this is the maximum an individual can save in the tax efficient wrapper (cash and/or stocks and shares). The old ISA rules governed how much you could put into each pot; half the allowance in cash and half in shares, or you could...
  • Two weeks on: the other outcomes from the Autumn Statement

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    Many clients will have already seen our Autumn Statement Summary, which analyses in detail the main points from The Chancellor’s Autumn Statement, made on 3rd December. Like many major government announcements though, the real headlines and many of the outcomes from the statement only became clear in the weeks after George Osborne stood in parliame...
  • Pensions in 2015: a brief update on what to look out for

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    2014 was a momentous year for pensions. Changes around how pensions could be drawn at retirement and how death taxes on pensions would be improved were both announced in the year, with the intention that all these new rules will be in place by 6th April 2015. For a pension saver, the landscape has changed and will continue to do so, resulting in ma...
  • Our Guide to NISAs

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    On 1st July 2014, the government implemented the changes it had previously announced to Individual Savings Accounts (ISAs), creating a new option for savers known as NISAs (New Individual Savings Accounts). The accounts benefit from the same advantages as ISAs as well as opening up several new options for savers and increasing the amount that can...
  • Scottish Independence: What would it mean for business and your investments?

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    Even if you live in a cave on top of a mountain a very long way from anywhere, it won’t have escaped your attention that the referendum on Scottish independence is drawing inexorably closer. Voting will take place on September 18th – little more than five months from now – and at the moment the indications are that the ‘no’ camp will prevail. That...
  • ISAs: Now much NISA

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    Virtually all the headlines surrounding George Osborne’s recent Budget were about the changes to the pensions rules. Rightly described as the biggest changes to pensions legislation for a hundred years, they will have far-reaching implications for the financial planning of many of our clients. With all the attention devoted to pensions, it was easy...
  • Budget 2014 Overview

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    Whether you are a client based in the UK or abroad, we are sure you will be interested in learning how the UK Government’s 2014 Budget might affect you and your finances. George Osborne delivered the Budget to Parliament on 19th March and we have put together the following analysis and summary, which details all of Mr Osborne’s major announcements,...
  • The Retail Distribution Review

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    As we head inexorably towards January 1st, a new year with a ‘brave new  world’  for retail financial services, most managers and business owners like myself,  have been working flat out to make the changes to their business necessary to cope with the enormous practical and philosophical alteration to the way we do business, otherwise known as the...
  • Does the right hand talk to the left hand in government?

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    This particular question has no doubt been asked, cynically or otherwise, many many times over the years but I can think of no better example affecting our industry than a problem which is currently affecting thousands of people taking income from their pension funds. Within the last 12 months we have seen the government reduce the maximum drawdown...
  • Welcome to our new blog!

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    We will be updating this blog regularly so please come back and visit us!