Entrepreneurs shun valuable retirement planning

Entrepreneurs are putting their business ahead of retirement planning, according to Prudential’s Class of 2012 survey. Nearly half (46 percent) of those who own small businesses have no private pension savings, with 18 percent looking to keep working rather than relying on pension funds. Furthermore, over a quarter (27 percent) preferred to invest in their…

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CPI slows as ISA increase calculated

When the new tax year starts, it will bring with it a welcome boost for savers in the form of an increase in the amount that can be invested tax free in an ISA. The Chancellor, George Osborne, tied increases in the ISA limit to the Consumer Price Index (CPI) from April 2012. With HM…

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The benefits and pitfalls of fixed term annuities

As the rates for lifetime annuities continue to fall – and are expected to drop even further when the regulations to introduce gender-neutral pricing come into force – individuals are considering fixed term annuities as a viable alternative These plans deliver a guaranteed capital sum for a short, fixed-term investment, which can then be used…

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Keeping up to date with pension provision

According to research by Prudential, there is the potential for a generation of lost pension pots. Its survey of 2,000 workers showed that 16 percent of employees had lost track of their pension funds, while 76 percent did not know the value of the pension pots they had built up. In addition, 81 percent of…

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Proposed UCIS promotion ban to impact on VCTs

Proposals by the Financial Services Authority (FSA) to ban the promotion of Unregulated Collective Investment Schemes (UCIS) and similar products to the vast majority of retail investors in the UK could have a significant impact on Venture Capital Trusts (VCTs). While investment trusts are exempt from the proposals, VCTs are not. Consequently, they could face…

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Prices index changes could affect gilt returns

Investors with index-linked gilts could be set for lower returns if the government pushes ahead with proposals to bring the retail prices index (RPI) into line with the consumer prices index (CPI). The returns on British index-linked gilts are based on RPI, which has, in general, been between 0.5 and one percent above the CPI…

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