Statement of Professional Standing Obtained by Elaine
With the implementation of the Retail Distribution Review (RDR) now only 9 months away, we are pleased to announce that both Elaine have obtained their Statement of Professional Standing (SPS) from the Chartered Insurance Institute. This, along with the new minimum level of qualifications (QCF Level 4), will be mandatory for all practising advisers from 1st January 2013. By obtaining... Read full article
Global Market Volatility (again!)
The world stock markets are once again very volatile with the FTSE 100 closing today at just above 5,000, the lowest it has been since July 2010. There are a number of reasons for the current state of affairs, including economic data coming from the US, political infighting in the US around how to manage their national debt and concerns... Read full article
Changes to Long Term Care on the horizon?
The Dilnot Report on the future of Long Term Care (published yesterday) proposed a number of interesting changes to the current system, including a cap of £35,000 on an individual’s lifetime contribution towards care fees and the raising of the means-tested threshold to £100,000. This currently stands at only £23,250, meaning that the vast majority of a person’s assets and... Read full article
Budget 2011
Well, not a lot of exciting news from the Chancellor yesterday, but some of the more salient points were: Fuel duty to be cut by 1p per litre from 6pmyesterday (23rd March) Fuel duty inflation rise delayed until 1st January 2012 (Planned April 2012 rise delayed until 1st August 2012) Fuel duty escalator cancelled Council tax frozen by every Council in England Personal... Read full article
European Court of Justice Ruling on Insurance
Yesterday's ruling by the European Court of Justice which prohibits the use of gender in underwriting will is likely to affect life assurance rates and annuities as well as the well reported increases in car insurance that are expected for female drivers. For life assurance and annuities in particular, it seems that this ruling is totally non-sensical. Females normally get lower life... Read full article
Changes to pension contribution limits
From April 2011 the maximum annual contribution to a pension which qualifies for tax relief reduces from £255,000 to £50,000. Although tax relief is still obtained at your highest marginal rate, any contribution in excess of £50,000 will be subject to a tax charge which will effectively reclaim the tax relief already received. Please contact us for more information if this... Read full article
New Boston Spa Offices
Well, after an eventful few weeks finalising the expansion of the business, we are now firmly ensconced & working from Boston Spa, although the weather has forced us out for the last couple of days & we are all currently working from home, thank to the wonders of modern technology. We would like to thank all of the people &... Read full article
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