Pension Tax Boost Safe For Now, Promises Minister

The latest speech from Secretary of State for Work and Pensions David Gauke has confirmed he is unlikely to sanction any moves to cut pension contribution tax relief any time soon. Speaking at an industry conference, he told delegates that he will not shy away from making changes, but is keen not to alter the … Read more

Diamond Spending Spree Adds Sparkle To US Sales

Diamond sales have added the sparkle to the profits of gemstone trader De Beers as the business soared to a record turnover. Single women in their 30s – millennials born between 1980 and 2000 –  are driving the boom in sales in America, the world’s largest diamond market. Although traditional diamond jewellery sales for weddings … Read more

If You Were Scammed, You Might Be In For A Refund

Expats are among the thousands of fraud victims who may have a chance of getting their money back after wire transfer firm Western Union settled a multi-million-dollar court case. Western Union is an international money transfer network that has admitted money laundering and other criminal offences. To settle the case, Western Union paid the US … Read more

86% Of Retirees Depend On State For Their Income

Spend today without worrying about saving for tomorrow is a state of mind undermining pension saving. Millions of people make no effort to save for their retirement while working and expect the meagre state pension of around £7,000 a year to cover their bills. Instead of saving to give a safety cushion between paying day … Read more

QROPS And The Impact Of The Lifetime Allowance

One of the problems with pension planning is predicting how the government is likely to tinker with your retirement savings in the future. No one would have expected the latest consultation document looking to change the underlying rules of the steel workers’ retirement scheme aimed at making Tata Steel more attractive to a buyer. Chancellor … Read more