Happy G Day
Today (21st December 2012) marks G Day. From today men and women have to be treated equally when it comes to insurance premiums and pension annuities. This is known as gender neutral pricing.
There has never been a …
How does Autumn Statement affect pensions?
The Autumn Statement on 5th December 2012 announced changes to the rules around UK pensions.
There are two changes:
- The lifetime allowance for pension savings will be cut from £1.5m to £1.25m and
- The pension annual allowance will be cut
Eurozone falls back into recession
Figures from Eurostat (the EU’s statistics office) show the Eurozone has fallen into recession.
The 17-nation bloc which makes up the Eurozone has now entered its second recession since 2009.
The news comes a day after millions of workers …
Bank of England holds interest rates and refrains from further QE
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
The quantitative easing stimulus programme has already injected £375 billion into the UK financial system.…
Barack Obama wins US presidential election
Barack Obama has won a second term as US president, defeating Republican Mitt Romney.
Barack Obama has promised that the “best is yet to come” for the US after winning another four years at the White House.
Following a bitter …