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Monthly Archives: May 2017
Will workers suffer a pay cut to help pension deficit
Workers may be suffering from lower pay as a result of their employers spending millions of pounds to keep their pension schemes afloat. A report by the Resolution Foundation says such employees are unfairly losing an average of £200 a … Continue reading
FTSE 100s record breaking streak shows no sign of stopping
The FTSE 100’s recent record-breaking run showed no sign of ending as the UK’s main share index set new intra-day and closing highs. The index climbed above the 7,500 level for the first time, closing at 7,522.03 points after nine days … Continue reading
Consumer spending is slowing, but investment is picking up
US GDP expanded at an annual rate of 0.7% in the first quarter – the slowest rate since the first quarter of 2014. Should this be a worry for investors into the US economy? We have seen consumers driving most … Continue reading
Lloyds up for grabs
Over the coming weeks the government is expected to sell-off the last of its position in Lloyds Banking Group. Following the 2008 financial crisis, the then Labour government intervened with an unprecedented bailout where – at its peak – 43% … Continue reading
Pension freedom payments hit £1.6bn for Q1 2017
The amount of money paid out under the pension freedoms has hit £1.6 billion mark for the second quarter in a row, as the reforms move into a period of ‘restraint’ HM Revenue & Customs (HMRC) has published its latest set of pension … Continue reading
Probate fees: Planned increase scrapped ahead of election
Controversial plans to raise the legal fees payable after death are to be scrapped ahead of the general election. Probate fees had been due to rise from £155 or £215 to up to £20,000 for some estates in England and … Continue reading