Blog

  • Good news from the other side of the channel:

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    I am pleased to say that Alexander Beard (France) is out of the starting blocks and busily doing business. Obviously a significant part of 2016’s activities focussed upon establishing the legal and regulatory approvals for the launch of our French office in Lyon; since then the employee benefit side of the French office has secured our first two co...
  • Tapered Annual Allowance

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    What is the tapered annual allowance? The tapered annual allowance has been designed to reduce the annual allowance for individuals with adjusted incomes over £150,000.  This will reduce the annual allowance by £1 for every £2 of income above £150,000.  The maximum reduction is £30,000 where individuals with incomes of £210,000 or over, will have t...
  • Slow start to housing market predicted for 2017

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    The housing market is set for a slow start in the new year due to a shortage of homes for sale, according to a survey by the Royal Institute of Chartered Surveyors (RICS). Although property transactions may increase at the beginning of 2017 after slowing since the spring, the survey suggests that any acceleration is likely to be modest at best. The...
  • ERNIE turns 60!

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    The first premium bond was sold on 1st November 1956, with £5 million worth of premium bonds sold on the first day alone. There are now 21 million people holding more than £63 billion in premium bonds, proving that they are still a popular form of investment. The first draw was held on 1st June 1957 for a top prize of £1,000. In the intervening six...
  • Developments in Germany

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    Here’s a useful ‘heads-up’ from our Germany Country Manager – Rudy Blaich on possible developments in the German pension market that may affect our international corporate clients who have staff based in Germany. Germany might be on the way to copying some parts of the UK’s Automatic Enrolment, albeit slightly. On November 4th, last draft legislat...
  • 1 in 10 people not saving anywhere near enough for retirement

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    Figures released in November 2016 have revealed that over one in ten (11%) of working people have yet to begin paying into a pension pot. Worryingly, this includes nearly one in ten people in the 51-65 age bracket. The average age at which most people expect to begin saving towards their pension is 46, and almost 40% of people under 50 are worried...
  • US election – the outcome and implications for the UK economy

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    With Republican candidate Donald Trump defying both the polls and expectations across the globe and convincingly winning the US election over Democrat candidate Hillary Clinton, 2016 will undoubtedly go down as the year of the political upset. The US dollar took a considerable hit after Trump’s victory was confirmed, but bounced back to a thirteen-...
  • Defined benefit pension transfer: is it worth it?

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    When it comes to saving for retirement, most people working within the private sector are likely to have a defined contribution (DC) pension. This essentially provides you with a savings pot you pay into throughout your working life; these savings grow over time through compound interest and tax relief and are, in most cases, only drawn upon once y...
  • Taking out a mortgage when retired: what happens if you end up in care?

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    Downsizing during your retirement years is something many people consider. Moving to a smaller property can cut down on maintenance and utility costs and if your new home is cheaper than your current property, you can even raise some cash to save or spend as you like. However, if you’re relocating to a more expensive area then you may need to take...
  • LOOKING BACK AT 2016: LOOKING FORWARD TO 2017

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    These notes were written on Monday 12th December, and all the information is accurate at that date: where quoted, stock market figures are as at 30th November. 2016 is a year that has seen some remarkable developments, but surely on 12th December we are now safe to look back over the year: nothing else can happen in the last two weeks of the year....