Millions 'missing out' on best pension deals


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Millions ‘missing out’ on best pension deals

Millions ‘missing out’ on best pension deals
It was revealed last night that savers are missing out on tens of thousands of pounds in retirement buying annuities from traditional high street providers. The Money Advice Service, the Government’s free and independent financial affairs service, says £1billion in potential retirement income is thrown away every year because people fail to shop around for the best deals.
Daily Express, p. 2

Scare stories about USS liabilities overblown
Ros Altmann looks at the rumours that the Universities Superannuation Scheme pension fund, one of Britain’s largest pension schemes, is “hiding” or underreporting its pension deficit.
This abstract from the Financial Times was produced by Kantar Media
Financial Times FT fm, p. 6

Banks say over 2,000 applied for Help to Buy
Halifax and RBS reported strong interest in the first phase of the government’s Help To Buy scheme this morning, saying they had received more than 2,000 applications in the first month of the programme.
City AM London, p. 2
Also appeared in : The Daily Telegraph, p.6, The Guardian, p.11, The Daily Telegraph Business, p.3, The Independent, p.22

Hundreds of help-to-buy hopefuls are already on the housing ladder
According to bank figures passed to Government, almost a quarter of those using a government help-to-buy mortgage scheme are “trading up” rather than buying their first home.
The Times, p. 10

Co-op cuts dividend
The Co-operative Group is to scrap dividend payments to its 7. 6 million members after the £1.5 billion rescue of its bank.
The Times, p. 39

Banking & Finance
Co-operative Bank: Vince Cable, the Business Secretary, has launched a consultation to establish whether the struggling lender, which is to be largely owned by hedge funds and City groups, will have the right to keep its name.
The Times, p. 40

Carney likely to bear good news about inflation
Governor of the Bank of England Mark Carney is likely to be the bearer of good news when he presents his inflation report on Wednesday, with the growth rate heading up and the unemployment rate coming down.
City AM London, p. 19

Watchdog eyes banks’ e-trading
UK Banks are being put under pressure by the Financial Conduct Authority to impose more scrutiny over their clients’ electronic trading activity as it seeks to clamp down on market abuse.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 22

Draghi ready to unlock bank’s secrets
The European Central Bank is set to become more transparent, with its President planning to present a proposal next month to publish secret minutes to its interest rate-setting meetings.
The Times, p. 43

The above articles appeared on 11/11/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.