December 2012 - Charterbridge

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Monthly Archives: December 2012

Men to lose £10,000 in pension rule change

Men to lose £10,000 in pension rule change Male pensioners will lose up to £10,000 in retirement income due to the introduction this week of European Court rules banning sex discrimination by financial firms, a report warns. From tomorrow, gender is no longer allowed to be a factor when insurance premiums are calculated by companies. […]

Bank pays £10m to those who forgot their cash

Homebuyers given boost with mortgages easier to secure The Building Society Association’s Property Tracker Survey reports that it is now easier to obtain a mortgage that at any time since June 2008. The Daily Telegraph Business, p. 3 First-timers to be kept locked out of 2013 mortgage market Mortgage lenders will focus their attention on […]

In your pocket in just three years, the plastic £5 note

Ailing Irish property market signals trouble ahead for RBS The declining state of the Irish property market will cause an “awful lot of pain” for Royal Bank of Scotland, with 60 per cent of its mortgages in arrears, according to an analyst’s report. According to Investec, RBS is paying for reckless lending at the height […]

We all love bankers now that they’ve had a kicking

Higher earners face £1,000 cut in state pensions Pensions Minister Steve Webb has warned that high earners will lose £1,000 a year from state pensions under planned reforms. Daily Mail, p. 12 An impeccable addition to Pru’s impeccable board. Pimm’s all round Prudential has been busily collecting boardroom baubles since the spectacular mishandling of its […]

Pensions pay more than banks in tax raid

Pensions pay more than banks in tax raid It has been revealed that George Osborne’s tax raid on pensions will raise twice as much as his increases in the levy imposed on banks after the financial crisis. Treasury figures show that reductions in the tax reliefs for private pensions announced in the Autumn Statement will […]

EU pension rules would cost 180,000 jobs, says CBI

EU pension rules would cost 180,000 jobs, says CBI The CBI has warned that new European pension rules would lead to 180,000 UK jobs being lost and would hit businesses with £350bn of added costs, as it called for the “crazy” and “wrong-headed” proposals to be ditched. The European Commission looks set to impose a […]

Banks’ helpline ‘sent customers to firm fined for £10m mis-selling’

ISA changes may not affect your investment decisions The Chancellor George Osborne announced that the total amount an individual can invest in a tax-free Individual Savings Account (ISA) will increase to £11,520 per year from April 2013. City AM London, p. 18 Thousands baffled over compulsory pensions Mass confusion over automatic enrollment in workplace pensions has led […]