Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
01 November 2016
Market Commentary OctoberThe Bank of England Monetary Policy Committee held interest rates at 0.25% in October. Inflation rose to 1% as the impact of the weakening pound starts to be felt by consumers. UK Growth outperformed post-Brexit predictions of 0.3% as the economy grew 0.5% in the three months to September. The FTSE 100 almost broke through its record high reaching 7,097.50 before retreating to finish the month 0.8% higher at 6,954.22.
David Cumming
Paraplanner
14 October 2016
Lifetime AllowanceAs pensions are normally a long term commitment, what may appear to be a generous allowance could quite easily be exceeded by the time you take your benefits. It is therefore important to consider whether your benefits might exceed the Lifetime Allowance at retirement.
03 October 2016
Market Commentary SeptemberStarting in the US, the anticipated interest rate increase failed to materialise. The next scheduled meeting of the Federal Open Market Committee (the US equivalent of the Monetary Policy Committee in the UK) is 1-2 November, a week ahead of the Presidential election on 8 November.
Martin Leask
Paraplanner
09 September 2016
Pension Awareness DayIt has long been widely accepted that people in the UK do not save enough for their retirement. In fact, in a survey carried out by Standard Life last year it was revealed that 1 in 5 people in the UK are not saving anything towards their retirement.
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