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Financial Planners have reacted with relief that pensions were largely left untouched by the Chancellor in today’s Budget and were broadly positive on some of the moves to help first time buyers.
Here are some of the key points from the Chancellor’s Budget Nov 2017 announcements:
The directors of a payday loan company who used money from a pension liberation scheme to pay off company debts have been banned for a total of 20 years.
Nearly six out of 10 financial advisers want the pensions lifetime allowance abolished, according to a poll of 102 advisers by SIPP provider Momentum.
The retirement prospects of millions of over-50s rely on downsizing, an inheritance or a lottery win, according to new research.
The government has decided to put on the back burner any change to the auto-enrolment charge cap and will keep it at 0.75%.
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