Are you a Company Director? Did you know you could have more options than employees when it comes to financial planning – because you can utilise your business to create a remuneration strategy?
Venture Capital Trusts were once considered ‘niche’ investments, but recent events have put them on the radar of a much greater number of UK investors, explains Stuart Lewis of Octopus Investments.
In recent years final salary pension schemes have been phased out by employers because people are living for longer and the uncrystallised liabilities are wreaking havoc with corporate balance sheets. Robert Blumberger explains why this is happening and sounds a cautionary note for those attracted to the idea of transferring.
As new pension drawdown options grow in popularity, earlier this year the Government implemented a change to the limit of how much you can pay into your Money Purchase Pension Scheme, reducing it from £10,000 to £4,000.
If you haven’t used your annual allowance from the last three years, you could benefit from the ‘carry forward’ rule. Find out more about making further contributions to your pensions in this article.
Analysts at RBC Capital Markets recently released a note anticipating five per cent growth in the annuity market. After falling 90 per cent by volume and 70 per cent in value since former Chancellor George Osborne announced the pension freedoms, RBC believes that the annuity market has now bottomed out, and open market insurers are set to cash in on growth.