If you’re covering pension figures from the HMRC today please see the below comment from Jon Greer head of retirement policy at Old Mutual Wealth:
Amendments to the Financial Guidance and Claims Bill passed in the House of Commons yesterday mean those in serious debt who are in hospital or under the care of a community crisis team will not have to attend a debt advice meeting in order to be eligible for a 'breathing space' respite period when it is introduced.
69% of parents are uncomfortable (52%) or unsure (17%) of the idea of their child gaining control over a large lump sum at the age of 18, according to research from Old Mutual Wealth*
80% may want control of how their children spend their money when they are of age
If you’re covering the RSA’s recommendation to create flat rate pension tax relief please see the following comment from Jon Greer, head of retirement policy at Old Mutual Wealth. Jon explains why this move will not end the self-employed saving dilemma, but how the political backdrop may encourage such a reform in the future.
If you’re covering today’s figures from the Office for National Statistics that reveal the end of the UK pay squeeze, with wages rising above inflation, please see the following comment from Ian Browne, pensions expert at Old Mutual Wealth.
Scrutiny on company pension schemes is increasingly impacting possible acquisition activity in the UK. Recently, both a US private equity firm’s plan to buy rail operator FirstGroup and Melrose’s plans to takeover GKN have been impacted by their ability to fund pension liabilities.
If you’re covering the FCA business plan please see the following comment from Jane Goodland, Responsible Business Director at Old Mutual Wealth.
If you’re covering today’s economic well-being figures from the Office for National Statistics please see the following comment from Rachael Griffin, tax and financial planning expert at Old Mutual Wealth: