Blog

  • Despite consistent positive savings messages, many are still struggling to save for the future

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    A recent report has found that a significant number of people aged 35 to 44 are still struggling to save anything for the longer term, and are only just affording to pay for their present circumstances. Whilst 37% said that they struggle with their finances from time to time, 34% of people between these ages find it difficult to keep up with bills...
  • “Brexit means Brexit.” But what does that really mean?

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    Introduction As everyone now knows, David Cameron’s promised referendum on the UK’s continued membership of the European Union was held on Thursday 23rd June. It resulted in a win for the ‘Leave’ campaign, with 51.89% of the votes cast. More than 17m people voted to leave the EU, with just over 16m supporting ‘Remain’. David Cameron duly fell on h...
  • Online pensions dashboard getting closer

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    Origo, the technology provider taking the lead on developing an online pensions dashboard, has suggested that a fully operational platform could go live as early as next year. The company revealed last month that the back-end technology is now finished, meaning that only the front-end (the part users will interact with) needs to be completed before...
  • Is working part of your retirement plan?

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    A recent study analysing the income statistics for pensioners has found that more people aged over 65 are continuing to work after they officially retire. Figures suggest that the amount of pensioners doing so is around 13%, an increase from just 8% over the past ten years. That figure might sound small, but it equates to 1.1 million people boostin...
  • Earning over £150,000? You need to review your pension. Here’s why.

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    If your annual income is above £150,000, then your pension allowance has been subject to tapering since April this year. For every £2 of income over £150,000, your £40,000 annual allowance is reduced by £1, with the reduction rounded down to the nearest whole pound if necessary. Reductions are capped at £30,000, meaning that those with incomes of £...
  • Update: the knock on effect of the interest rate cuts

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    Following the Bank of England’s decision to cut interest rates to a record low of 0.25% at the beginning of August and the initial reaction to that from within the financial sector, the resultant effects continue to be felt over a month later. Cash savings accounts have been hit the hardest, with some banks making cuts to their interest rates five...
  • Alexander Beard Group - Press Release

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    Senior appointments at ABG: Former Nordben CEO to join Alexander Beard Group (ABG) Board ABG Founder and Executive Chairman, Paul Beard, is delighted to announce that Nordben Life and Pension's former CEO, Paul Cutter, is to join the main ABG Board as a non-executive Director. Speaking yesterday Paul Beard said: “Paul is a respected figure in the...
  • Brexit: Keep Calm and Seize the Opportunities

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    Brexit: Keep Calm and Seize the Opportunities - A TAG Alliances Presentation Brexit: Keep Calm and Seize the Opportunities - A TAG Alliances Presentation from TAG Alliances on Vimeo. Learn about the various issues and more importantly, opportunities, stemming from this historic decision. An expert panel of TAG Alliances members will discuss such a...
  • Understanding pensions – what is drawdown?

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    Drawdown is a way of achieving greater flexibility with your pension funds. Every time you move your money into drawdown, you’re allowed to take 25% of this as a lump sum, which is exempt from tax. The rest continues as an investment, with taxable income able to be drawn straight from your pension whenever you choose. The tax-free lump sum must be...
  • This summer’s market trends insight - from Investec

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    Sterling fell sharply immediately after the UK’s 23 June vote to leave the EU. GBPUSD slumped from $1.49 the day of the Brexit vote to $1.32 the following Monday. We think that the decline reflects two factors. First, heightened uncertainty about the UK’s future economic relationship with the EU has raised the risk premium associated with UK assets...