Radcliffe News

Dec

13

Help to Save initiative ‘could cause AE opt-out surge’

The roll-out of the government's Help to Save scheme could lead to a rise in automatic enrolment (AE) opt-out rates and have a much bigger impact than the Lifetime ISA (LISA), Aegon has warned. It comes as HM Revenue & Customs (HMRC) has published an updated timetable in its draft legislation for the rollout of the government-backed saving scheme designed to support working people on low incomes to build up their savings. The scheme will start with a trial in January 2018,... Read More »

Dec

13

Inflation climbs to highest level in five years in November

Inflation rose to 3.1% in November, according to the Office for National Statistics (ONS), beating previous estimates that it would hold steady at 3%. Figures from the ONS released this morning said the 12-month UK Consumer Prices Index (CPI) reached 3.1% in November, the highest level in five years and the first time it has risen above 3% since March 2012. The move could lead to Bank of England governor penning a letter to Chancellor Philip Hammond to explain why it is more than 1%... Read More »

Dec

7

Christmas Hamper draw for 2017!

Dear Subscriber, We are delighted to announce our Christmas Hamper draw for 2017. If you would like to enter, please email us by clicking here .  All we need are your contact details for your chance to win. We have three hampers to be won in the draw. To ensure the lucky winners receive their hamper in time for Christmas, entry for the draw will close at midnight on 14th December 2017. Winners will be notified by close of business on the 15th December 2017. Merry Christmas from... Read More »

Nov

29

Over-50s underestimate life expectancy by eight years

Some eight in ten savers between 50 and 64-years-old have underestimated their life expectancy, potentially leaving them with a shortfall in retirement, according to research. The belief was most acute for women who, despite their life expectancy currently sitting at age 90, believed they will only live to age 82, according to research conducted by Retirement Advantage. Men also underestimate their longevity, believing they will live until age 82 when on average their life expectancy... Read More »

Nov

23

Autumn 2017 Budget – 22 November 2017

  To view the PDF version of the Radcliffe & Co Autumn 2017 Budget please click here.   BUDGET HIGHLIGHTS First time buyers of residential property outside Scotland will pay no stamp duty land tax on the first £300,000 of the purchase price for a home, provided its value does not exceed £500,000. The personal allowance will rise to £11,850 and the higher rate tax threshold for the UK (excluding non-savings, non-dividend income in Scotland) will rise to... Read More »

Nov

10

‘Overwhelmed’ Selectapension partner exits DB transfer advice

'Overwhelmed' by demand, Selectapension's outsourced advice partner has decided to call time on defined benefit (DB) pension transfers. The decision comes five months after a Financial Conduct Authority (FCA) visit led it to suspend its service, which offered DB transfer advice to other firms through an outsourced model. CFP Management Limited, the principal of Selectapension Bureau Services, was receiving as many as 60 transfer requests a week, according to Selectapension... Read More »

Nov

10

Mark Carney: Two more rate rises needed to stop economy ‘running too hot’

Bank of England governor Mark Carney has stressed the "gradual pace" of future interest rate increases, with the central bank's forecasts now founded on two more hikes over the next three years. Following the announcement of the Bank's decision to increase rates from 0.25% to 0.5% today - the first rise in a decade - Carney reiterated the BoE is "easing our foot off the accelerator", after almost of decade of ultra-low interest rates. He said the UK needs to see two further rate... Read More »

Nov

9

Gold trading sinks as Bitcoin interest surges

Gold trading among private investors fell by 31.5% in October compared to the same time last year, as Google searches to 'buy Bitcoin' overtook searches for 'buy gold' worldwide, according to BullionVault. Metals trading network BullionVault saw gold trades shrink last month by a third, compared to the previous 12-month average, in a year that has typically seen the number of gold buyers rise. Gold trades also fell 9.7% in October from the month before even as gold prices dropped against... Read More »

Nov

3

Job Vacancy – Paraplanner

We are currently looking for an experienced Paraplanner to join our team.  Ideally level 4 qualified with excellent report writing skills and a good attention to detail. Salary negotiable depending on experience. Please forward CV to... Read More »

Oct

30

Equity release lending hits new record high in Q3

The equity release sector has seen another record-breaking quarter, according to figures from the Equity Release Council, with total lending in the third quarter of 2017 surpassing £800m for the first time. Between July and September, over-55s withdrew a total of £824m of property wealth from their homes through equity release plans, surpassing the £701m recorded in the second quarter of this year and making it the highest figure seen in any quarter since the council began... Read More »