Hidden in Barclays’ July interim results, was an issue that has the potential to affect almost a quarter of a million people in the Barclays pension scheme.The bank’s pension scheme is not in great shape, and as at 30th September last year, the pension shortfall stood at a staggering £7.9 billion. The deficit has increased … Continue reading How Ring-Fencing Rules Will Affect The Barclays Pension Scheme
Your advisor doesn’t have to be the next Bernie Madoff to cause your finances to dwindle. From being unavailable, to charging unclear fees, here are some ‘red flags’ when it comes to financial advice. Lack of Transparency Being aware of how you are being charged for advice is essential. Financial advisors can work based on … Continue reading 5 Indicators Your Advisor Isn’t Taking Care of You
Members of the British Steel Pension Scheme (BSPS) have finally been given some clarity over their pensions. After months of negotiations, Tata Steel has struck a deal to detach the £15 billion BSPS, in a move that should bring greater financial stability to the 130,000 members of the scheme. The deal involves a legal mechanism … Continue reading TATA Steel British Steel Pension Scheme Deal
Cash flow modeling is the process of assessing your current and forecasted wealth, along with inflows and outflows, to create a picture of your finances both now and in the future. It accounts for your assets, investments, debts, income and expenditure, as well as interest rates, inflation and growth. This provides a significant amount of … Continue reading Top Tips on Cash Flow Management
On the 18th April, Theresa May announced that a snap general election was going to take place on the 8th June. She subsequently won by the skin of her teeth, whilst also causing a lot of uncertainty with regards to the 2017 Finance Bill. Due to the dissolution of parliament before the election, ministers … Continue reading Effect of Snap Election on UK Finance Bill
Unfortunately, money management is generally not taught at school. Many young adults are being thrown into the deep end with regards to finance, not knowing any tips and tricks for handling their wealth. We’ve put together some of the key points to ensure a safe financial future. Be clever with your credit You can … Continue reading The 5 Best Financial Tips for Under 35’s
The prospect of retiring abroad can be exciting for many, and is a trend that’s not going away anytime soon. It brings with it the possibility to pursue new interests, a different climate, and an exciting and less expensive way of life. However, retiring abroad requires careful planning, and there are a few critical areas … Continue reading How to Plan Your Retirement Abroad
Relative to defined contribution pension plans, defined benefit pension plans are complex investment vehicles. A defined benefit plan is a type of pension in which an employer or sponsor promises a specific payout upon retirement. The payout is calculated on a variety of factors such as length of employment, salary history and age at retirement … Continue reading UK Defined Benefit Pension Plans – Should You Transfer Out?