Blacktower Group absorbs £280m and PWS Group

Blacktower Group absorbs £280m and PWS Group Blacktower Financial Management International today announces the official agreement to transition the assets and personnel of international financial manager, PWS Group, under the Blacktower Group. The acquisition strengthens Blacktower’s vertically integrated growth plans and bolsters its …

Blacktower eyes Middle East expansion after acquisition

Blacktower eyes Middle East expansion after acquisition Gibraltar-based Blacktower Financial Management has agreed to acquire the assets and personnel of Dubai financial adviser firm Prestige Wealth Solutions (PWS Group). The financial terms of the deal were not disclosed. The Middle East firm’s £280m ($338m, $305m) in client fund…

Government selling debt at record low-interest rate since Brexit Vote

Government selling debt at record low-interest rate since Brexit Vote    The Treasury’s Debt Management Office (DMO) has sold debt with an interest rate at a record all-time low. This has underlined the immense appetite from investors for British Government bonds following the Brexit vote, igniting calls for the Chancellor to ramp u…

Could picking the wrong retirement location cost you financially?

Could picking the wrong retirement location cost you financially? Retirement in the sun – the retirement goal for hundreds of thousands of taxpayers. But the latest government statistics are showing that over half a million people will not receive the state pension they’ve been paying for due to where they live.Over the last decade, the num…

Defined Benefit transfer activity on the rise as market fails to cool

Defined Benefit transfer activity on the rise as market fails to cool Following an increase in pension transfer activity, data from last month was suggesting that the market was beginning to cool. Transfer Activity Index revealed a slight increase in transfer numbers processed by the administration business during May, compared …

Understanding the lifetime allowance on pension contributions

Understanding the lifetime allowance on pension contributions    Many people in the UK make contributions during their working life into a private pension scheme. Some of these schemes may be tax-free, but only to a certain point. This tax-free allowance applies to many different schemes, such as overseas pensions, stakeholder pension…

What the New Prime Minister Could Mean for YOUR Finances?

What the New Prime Minister Could Mean for YOUR Finances? Boris Johnson recently won the leadership race for the Conservative Party, meaning he is now the Prime Minister in the UK. But what will that mean when it comes to personal finance? The prime minister has already announced pension tax relief changes and an increased higher rate income t…

UK Forecasts Decreasing Life Expectancy

UK Forecasts Decreasing Life Expectancy The average life expectancy in Britain has dropped by six months in the biggest reduction in official forecasts by the Institute and Faculty of Actuaries (IFoA). The IFoA calculates life expectancy on behalf of the UK pension industry and has yet to suggest any reason why longevity is declining for me…

UK State Pension Forecast

UK State Pension Forecast There are currently two types of state pension: the basic state pension and the new state pension. The type of state pension a person gets is dictated by the year in which they were born. Men born before 6 April 1951, and women born before 6 April 1953, can claim the basic state pension. Both men and women born on or a…

What American Clients need to know from their Financial Advisers

What American Clients need to know from their Financial Advisers For an American investing outside of the US, complications are common. These clients will likely run into a plethora of problems, from additional tax and reporting requirements to restrictions in their investment. Advisers need to be ready to suggest solutions for these potential p…