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November Market Commentary

Category: Uncategorized

Almost inevitably, events in Europe – and particularly in Greece – dominated the month. George Papandreou’s threat of a referendum on the European bailout package meant that markets lost some of their gains in early November, but at the time of writing (November 7th) Papandreou has agreed to stand down. Greece will now have a coalition government until elections are held and this will hopefully lend stability and see the bailout package accepted.

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Deposit Accounts – The Good, the bad and the ugly.

Category: Uncategorized

On Thursday March 5th 2009 the Bank of England reduced its base rate to 0.5% where it has remained ever since – and with fears about European defaults and a possible double-dip recession stalking the economy, it is unlikely to rise in the near future. Indeed, some economists are predicting that any rise before 2014 is now unlikely.

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Preparing for Pension Auto-Enrolment

Category: Uncategorized

At present, around 38% of UK private sector employers provide a workplace pension scheme, but all will be required to auto-enrol their employees into a ‘qualifying workplace pension scheme’ under the Government’s pension reforms between late 2012 and early 2016. By October 2017, minimum contributions must be 8% of employee earnings, with a minimum of 3% from the employer plus 4% from the employee and 1% by way of tax relief (albeit employees have an opt-out which also removes the employer’s need to contribute).

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Affording care in later life

Category: Long term care & Uncategorized

Aviva’s latest Real Retirement Survey Report shows that 70% of over-55s do not believe they should pay for care and the majority (81%) are either worried, concerned or terrified about meeting care costs if they are not provided by the state.

Currently, the state offers no help with care costs to individuals with assets in excess of ÂŁ23,250. Many pensioners end up being forced to sell their homes in order to pay for extra support.

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The new student loan regime

Category: Uncategorized

You can’t open a newspaper at the moment without seeing a headline about the risein university tuition fees and the impact this will have on student debt. With far moreuniversities than the Government originally anticipated planning to charge themaximum £9,000 per annum fees, thousands of students are going to finish theireducation with significant levels of debt.

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