Market Commentary 2nd November 2011

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You cannot have helped to notice the market turbulence that we have been experiencing recently as uncertainty surrounding the EU debt crisis unfolded. Even now there are sections of the market who believe that there will need to be further concessions from France and Germany to make the deal stick. The decision by Greece to hold a referendum on the bailout plan has added to the confusion and market uncertainty

While we still see pensions and investments as a long term ...

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Calculating The Life Insurance Cover You Need

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It’s a difficult thing to consider, but every family should consider, and make financial allowances for, the death of the family members who bring the majority of money into the family.

You must think about how your family will manage, financially, when you die? How long will your family be able to maintain the same standard of living before running into difficulties

By answering a few simple questions, you will learn the sum total of Life Insurance you need to cover your ...

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Starting a UK Pension

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In 1949, there were approximately 4 million retirees in the United Kingdom. Currently, 10.5 million and live longer in retirement. This is expected to reach 12.5 million in 2025 and 14 million by 2050. Although 4.5 is now working people to every retiree, in 2025 there will only be 3.5.

Commencing a pension can be a discouraging task, particularly for people who have no experience or knowledge whatsoever about the process. On the other hand, you keep hearing countless proposals to ...

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Structured Products: A Beginner's Guide

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Structured products are also known as market linked investments. It is an investment strategy that deals with financial fields like securities, debt insurance, foreign currencies among many others. The main feature of structured products is that the protection on maturity is guaranteed. The main purpose of structured products is to meet the needs that cannot be met by other financial structures that are available in the financial market. The other purpose is to issue debts more cheaply as compared to ...

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Investment Bonds Explored and Explained

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An investment bond is something you buy in the hope that its value will increase over a set period of time.  It is usually offered by an insurance company and can in some circumstances have tax benefits depending on your individual tax status. 

However, unlike putting your money into a bank, in some cases there is no guarantee that you’ll make any profit as there can be an element of risk involved with some investment bonds.  In addition to this, your ...

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Shop around for an annuity

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Shopping around for the best annuity is vital, we cannot underline this fact enough! It is staggering to find out that 66% of annuitants STILL don’t exercise the open market option, instead taking the first offer from their current pension provider. Why is this? Well, you go with what you know, why don’t more people move banks? Because they either think it will be too much bother, or in the case of pension annuities, they don’t understand the benefit of ...

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Pension Information for Beginners

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When to buy your annuityHM Revenue & Customs (HMRC) offer tax concessions whilst building up savings in pension plans, as long as the funds are ultimately used for providing an income when you retire. You are normally allowed to take out up to 25% of your fund as tax free cash, but the balance must be applied in some way to providing a lifetime income. This will be taxed as earned income, taking into account your personal allowance and ...
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What next for savings rates?

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Savings rates have a crucial impact on everyone’s finances and the economy. But when will they rise? And what are currently the best accounts to go for?

We round up expert views on what next for savings rates, the latest news and analysis and how to make the most of your nest egg

A little forewarning, most of this isn’t going to make pleasant reading…
The interest on savings is closely aligned with the Bank of England’s base rate. This rate hit ...

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Income Drawdown vs Annuity

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Exploring your Open Market Option

By not exploring your OMO you could lose out on up to 35% extra retirement income.


What is an Open Market Option?

An Open Market Option (OMO) is your right to move your pension fund to whichever company offers you the best pension for your money. When your pension is due to be paid, your existing provider will send you an indication of the amount of pension they can offer from the funds accumulated. You have the ...

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Pensioners worry about their financial future

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Prudential has published research showing that 43 per cent of pensioners are worried about whether they will be able to get by long-term on their level of income.

On retirement, individuals have the option to take a tax-free lump sum payment from their pension fund, using the remainder of the fund to purchase an annuity. However, one in ten pensioners are now questioning whether they were wise to take a lump sum from their pension fund and spend it.

Despite this, of ...

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