Cheap Money Keeps Rates Down For Expat Savers

Cheap Money Keeps Rates Down For Expat Savers

Savings rates are half what they were two years ago before the government started offering cheap money to banks to lend to homebuyers and businesses. Funding for Lending and Help To Buy have marginalised savers because the banks no longer have to attract money in before they can lend. Funding for Lending was designed to […]

Executives Take Cash Instead Of Pension Top-Ups

Executives Take Cash Instead Of Pension Top-Ups

Caps on annual and lifetime allowances are leading FTSE100 companies to pay directors cash rather than contribute to their pensions. Britain’s top 343 directors pocketed a cool £32.7 million last year in cash instead of seeing the money go into their pensions. The figures were released by the TUC, which monitors FTSE100 retirement plans for […]

UAE Investors Win £1.5m Failed Development Case

UAE Investors Win  Failed Development Case

Disgruntled investors who lost £50 million when a planned homes development in the United Arab Emirates failed have won a landmark court case for compensation. Developer Khoie Properties took the money as deposits on homes that were to be built as The La Hoya Bay Residences in Ras-al-Khaimah between 2006 and 2008. Around 700 investors […]

UK Equity Is The Big Winner With Investors

UK Equity Is The Big Winner With Investors

Fund net retail sales were almost £2 billion in July, according to the latest figures from trade body the Investment Management Association (IMA). UK equity income funds were the big winners, picking up £1 billion of net investment, while tracker funds hit a new peak with net sales of £532 million. Other top sellers were: […]

Russia Struggles To Cope With Rising Inflation

Russia Struggles To Cope With Rising Inflation

Worsening fighting in The Ukraine is stressing the Russian economy, with rising inflation and a weakening rouble pushing up prices for businesses and consumers. Sanctions imposed as a result of the conflict are starting to bite and moves to lessen the impact are having mixed results. With inflation up 1.7% since June to 7.8%, President […]

If You’re 65 This Year, Expect To Live For 20 Years

If You’re 65 This Year, Expect To Live For 20 Years

Anyone celebrating their 65th birthday this year should expect another 20 years on average – and need a pension pot of £121,000 to provide the average expected retirement income. The longevity figures are based on Office of National Statistics data, while the financial estimate comes from research by financial firm Prudential. People approaching retirement told […]

The Future for Property Investment

The Future for Property Investment

Property investment is viewed by some as a long-term route to a potential goldmine, by others as a labour-intensive route to very little, but by the majority as an important asset within a portfolio of diversified investment. However, with the increase in popularity of a new concept in property investment, these perspectives could be set […]

Annie Eve’s Perfect Pitch Wins SEIS Deal

Annie Eve’s Perfect Pitch Wins SEIS Deal

The Seed Enterprise Investment Scheme (SEIS) is hitting the right note for musician Annie Eve. Annie’s new album Sunday ’91 is funded by cash from the Sound Wave SEIS to the tune of £150,000. She spent the cash on setting up her own record label Mouth To Mouth under a distribution deal with Sony Red. […]

QROPS Qatar Getting Regulated Financial Advice

Qatar QROPS Getting Regulated Advice

As Qatar emerges from the shadows of the UAE and the Kingdom of Saudi Arabia, the world’s richest country suddenly appears to have great appeal to expats, but how does a QROPS work in this exciting new territory? For those looking to further their careers in a lucrative tax-free move to the Middle East, Dubai […]

James Green Heads Up Devere Group Financial Advice in Qatar

James Green Devere Group

Qatar is undoubtedly the burgeoning destination in the Gulf region. Its rapid expansion and investment in infrastructure – in no small part thanks to the hosting of the FIFA World Cup 2022 – has led to new opportunities for expatriates, as more and more huge corporations are attracted to the oil-rich Arab state. Qatar is […]

8 facts You Need To Know About Pension Reform

8 facts You Need To Know About Pension Reform

If you are a retirement saver confused about the recent pension changes and how they affect you and your money, you are not alone. The government realises millions of retirement savers and pensioners need to know more about pension reform. To help, the Treasury has produced a fact sheet detailing the eight main points everyone […]

Will Your Savings Strategy Fit Your Retirement Plans?

Will Your Savings Strategy Fit Your Retirement Plans

Traditional thinking suggests retirement savers should put enough money aside to replace 80% of their income when they give up working. But modern financial planning is starting to reconsider if the strategy really works. The problem is longevity. If a retirement saver knew how long they were going to live, saving for retirement would be […]

Fixed Rate Boost For Expat Savers

Fixed Rate Boost For Expat Savers

Expats looking for the best offshore fixed term savings rates have picked up a boost from Isle of Man’s Conister Bank. The bank has boosted rates across the board by up to 0.75% to give the leading savings account over a year, two years, three years and five year fixed terms. The deals are open […]

Pension Top Up Cash At Risk After Next Election

Pension Top Up Cash At Risk After Next Election

Pressure is mounting for the next pensions minister to scrap top-up tax relief on money paid into retirement savings. Pension contribution relief is the carrot dangled in front of savers to encourage them to save into a pension. However, a Treasury official has hinted privately to the media that keeping the relief in place has […]

Top 10 Most Expensive Shares In The World

Top 10 Most Expensive Shares In The World

Shares in billionaire Warren Buffet’s retail to railroad conglomerate Berkshire Hathaway have shattered the record £120,000 a share glass ceiling for the first time for any company. However, Berkshire Hathaway is not the only company to have shares valued in the thousands even though Buffet’s firm is the first to reach so high. A look […]

Expat Crack Down Sees 200,000 Saudi Firms Close

Expat Crack Down Sees 200,000 Saudi Firms Close

The Saudi Arabian government has shut more than 200,000 private firms for flouting expat employment laws in the past year. The employment laws – termed ‘nitaqat’ – are aimed at replacing millions of expat workers with jobless Saudi Arabians. Official figures from the Labor Ministry show that the private companies closed due to a government […]

How To Boost Your State Pension For Nothing

How To Boost Your State Pension For Nothing

Working part time in retirement is becoming the new norm – but many over 65s do not know they can put off taking their state pension and boost their payments. If you are one of those would like to know more about deferring the state pension to make some extra cash, here’s a quick guide […]

Peer-To-Peer Lending – How To Get Involved

Peer-To-Peer LendingHow To Get Involved

Peer-to-peer lending or crowdfunding is managed by a sophisticated online platform that matches private lenders with borrowers. Lenders need to minimise risk and maximise profits, so the problem is working out which platform best meets these requirements. To help, here’s a run-down of three of the most popular peer-to-peer lending sites – but remember the […]

Osborne Sticks QROPS Ban On Public Pensions

Osborne Sticks QROPS Ban On Public Pensions

Civil servants and public sector workers thinking of retiring overseas and taking their pensions with them will shortly be barred from switching to a Qualifying Recognised Overseas Pension Scheme (QROPS). Chancellor George Osborne has made clear that any transfers out of unfunded defined benefit schemes for thousands of public sector workers will stop from April […]

Navigating the Pension Minefield

Navigating-the-Pension-Minefield

Life is full of choices, every day we make decisions based upon knowledge accrued previously, but when there are too many options – and options within options – things can get confusing, and the requirement for consultation and research becomes prevalent. The right pension scheme choice depends upon personal circumstance, and indeed there is a […]