Retirement Plans Looking Bleak for Millions in the United Kingdom

Millions of people in the United Kingdom are going to find themselves working well into their eighties because they haven't prepared and aren't saving enough for retirement. For many, the dream of slowing down, cutting back on working hours and using their pension to increase their income is being condemned. The former pensions minster, Sir Stev…

PWS Group Expanding in 2017

PWS Group is delighted to announce the opening of their new office in Barcelona. This latest addition will become the main training and development center for the group, housing more than 60 staff. It will help to provide enhanced service for existing clients as well as providing support to the adviser teams globally. PWS Group CEO, Craig McConno…

Toyota Investment Welcome News for car industry in the United Kingdom

Welcome news for the car industry in the United Kingdom is Toyota’s decision to invest £240 million in their operations in the UK. This decision comes when there is major uncertainty in the car industry with the UK due to leave the EU. With Brexit on everyone’s tongues right now, trading arrangements with Europe and the world are unknown, w…

Twenty Five Percent Tax Charge on QROPS Transfers

In March 2017, Philip Hammond, the Chancellor advised his commitment to fight the abuse of foreign pension schemes in his passion to deal with tax avoidance which is taking place throughout the country. During the Spring Budget, he announced that he has a number of different measures he wishes to tackle when it comes to the non-compliance of tax…

Oil Prices Dropping in United States even with Growing Concerns on Oil Output

Oil prices dropped in the United States on Monday 20 March 2017 as the growing concerns regarding oil output and high inventories rock the United States. The prices are dropping even though OPEC supported the extension of the six month deal to reduce output and investors worries continue to climb nationwide. The production cuts are expected to c…

Federal Reserve Taking Command of US Monetary Policy

The past three weeks has proven that the Federal Reserve is gaining control of the US monetary policy outlook. Many traders have already stepped in line with the Federal Reserve officials based on their projected interest rate increases in a dot plot chart. This is a major change to what happened last year when the market called out the central ban…

Defined Benefit Pension Transfer Requests on the Rise

Old Mutual Wealth has advised an increase in the number of defined benefit pension transfer requests in recent months. In fact they have mentioned an increased boost of advisors that are submitting cases to their defined benefit pension transfer value analysis service as a result. If you haven't been keeping up to date with the latest trends, then …

BMW in Hot Water as Employees Protest the Closure of the Company’s Defined Benefit Pension Scheme

On 15 March 2017 employees of the German car maker, BMW, protested in Britain due to the closure of the UK defined benefit pension scheme. This was an announcement that came from Unite, a union in the United Kingdom. The protests took place in Cowley in Oxfordshire and at Hams Hall engine plant based in the West Midlands where British employees …