January 2014 - Charterbridge

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Monthly Archives: January 2014

IFS data show squeeze on incomes for households

IFS data show squeeze on incomes for households The Institute for Fiscal Studies, a think-tank trusted by left and right, claims the average British household is 6% poorer than before the financial crash and is unlikely to recover lost ground before next year’s general election. This abstract from the Financial Times was produced by Kantar […]

UK economy… More recovery needed before rate rise

More recovery needed before rate rise Bank of England Governor Mark Carney said yesterday that Britain’s recovery has “some way to run” before the Bank of England will consider raising interest rates from their record low. Mr Carney said he expected growth to steady over the coming year amid a slowdown in household spending, which […]

RBS woes kill any idea of share sale before election

Share Dealing Services RBS woes kill any idea of share sale before election The Government has abandoned hope of selling any Royal Bank of Scotland shares ahead of the general election after the bank said it faced an £8bn loss. This abstract from the Financial Times was produced by Kantar Media Financial Times, p. 2 […]

Lib Dems plan tax raids on property and pension pots

Pensions & Life Assurance Lib Dems plan tax raids on property and pension pots The Liberal Democrats are planning a double election tax raid on the rich with commitments to introduce new levies on property and pension pots in their 2015 manifesto. Independent i, p. 4 ‘Going Dutch’ could increase pensions by 30pc Workers will […]

Schroders moves pension fund assets into bonds

Pensions & Life Assurance Schroders moves pension fund assets into bonds Schroders, an asset management group that has been at the forefront of change in the pensions industry, has announced that it has switched a large chunk of its £807m pension fund assets out of equities into bonds. This abstract from the Financial Times was […]

Financial advice harder to find on High Street

Savings Financial advice harder to find on high street Many organisations have withdrawn face–to–face advice, leaving investors without support, reports The Daily Telegraph. The Telegraph Investment & Savings Service, provided by Skipton Financial Services Limited (SFS), continues to offer face-to-face advice, however. SFS is a wholly-owned subsidiary of Skipton Building Society, which means that, unlike […]

Pensions worries for three women in four.

Pensions & Life Assurance Pensions worries for three women in four Three quarters of women fear they will struggle to get by when they reach retirement age because their income is too low for a decent pension, a study by the Pensions Advisory Service found. The Daily Telegraph, p. 14 Cap on pension scheme charges […]

Commercial property bounces back

Mortgages & Residential Property Commercial property bounces back The commercial property market in Britain has begun to boom over the past year, with the value of investment flowing in more than doubling year on year to a level only just below that seen before the 2008 economic downturn. This abstract from the Financial Times was […]

Force the public to save for pension

Pensions & Life Assurance ‘Force the public to save for pension’ Policy Exchange, a right-of-centre think-tank, is warning that eleven million people face poverty in retirement unless the Government adopts a compulsory savings scheme. The Times, p. 20 Also appeared in : City AM London, p.1, Independent i, p.6, Independent i, p.6 RBS flexes housebuilding […]

Widows set to miss out on £3.3bn in pension income

Savers offered 5pc interest – with a catch Two companies that cut out banks to lend savers’ money directly to borrowers are offering returns of more than 5pc over five years. This is far better than any high street savings rate and the money can be accessed in an emergency, but the offers come with […]