Drawdown interest drops and annuities surge six months after pension freedoms

New research has suggested that 10 per cent more people are likely to seek a guaranteed income – such as an annuity – than they were in the immediate aftermath of the introduction of pension freedoms in April this year. The latest index from financial forecasters eValue has revealed that 43 per cent are now exploring a guaranteed income post-retirement, …

Retirement ProfessionalsDrawdown interest drops and annuities surge six months after pension freedoms

Budget 2015

George Osborne has delivered his sixth Budget as Chancellor, and the last of this current parliament. The main changes for pensions are a reduction in the Lifetime Annual Allowance (LTA), £1.25m to £1m from next year. The LTA will be index linked from 2018. Additionally, laws are to be changed to allow pensioners access to their annuities, with the 55% …

Retirement ProfessionalsBudget 2015

FTSE 100 rockets to record high

Yesterday (24/02/2015) marked an historic day for the London stock market. The FTSE 100 index hit a new record high of 6958.89, closing on 6949.63. The index has been steadily rising for months, helped by the central bank stimulus and improvements to the British and US economies that have offset weakness in China and Eurozone strains. The previous high was …

Retirement ProfessionalsFTSE 100 rockets to record high

Oil & mining stocks lift FTSE to 6879

Rising oil and metals prices boosted commodity-related stocks, helping to pull the market higher. The FTSE 100 rose 51.13 points to 6,879.24 with Tullow Oil leading the way, up 3.5% as the price of Brent crude rose above $60 a barrel. Visit the BBC website to find out more http://www.bbc.co.uk/news/business-31451646 For up to date FTSE 100 summary, click here.

Retirement ProfessionalsOil & mining stocks lift FTSE to 6879

FTSE slides to 6,100

FTSE slides to 6,100 as eurozone deflation fears mount The FTSE 100 tumbled again following yesterday’s violent sell-off, as the latest eurozone inflation data revealed deflationary risks show no signs of receding. The UK blue-chip index dropped 108 points or 1.7% to 6,104. Yesterday the index shed 181 points, or 2.8%. http://cdn.citywirecontent.co.uk/images/2012/06/11/595079-System__Resources__Image-661948.jpg The latest economic data from the eurozone show inflation fell …

Retirement ProfessionalsFTSE slides to 6,100