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Wealth Management News

News in 2013
18 Dec 2013 Foreign Property Investors To Pay Capital Gains Tax In 2015

It has been a dynamic year for the British property market and it looks as if things are set for even more changes in 2014. As construction picks up and the residential property market becomes active again, many experts warn that there might be a possible housing bubble looming. But the...

11 Dec 2013 UK Government Proposes To Include Retail Bonds In ISAs

Chancellor George Osborne suggested in his Autumn Statement that investors might be allowed to include retail bonds in their individual savings accounts (ISAs). The change was proposed to reflect the increased popularity of retail bonds among investors, the Daily Telegraph reported. If ...

04 Dec 2013 FCA To Finalise Proposal On SIPP Capital Adequacy Requirements Next Year

The Financial Conduct Authority (FCA) is still not ready to present its proposal on increasing capital adequacy requirements for self-invested personal pensions (SIPPs), delaying its suggestion for the second time this year. In November 2012, the FCA published plans to increase the mini...

27 Nov 2013 Number Of Estates Paying Inheritance Tax To Double In 2016/2017

The number of British families that will have to pay inheritance tax is going to soar over the next five years, and the total number of estates affected by the tax is set to double from 2012 figures, the Daily Telegraph reported. In 2012/2013, 21,000 estates fell under inheritance tax r...

20 Nov 2013 BSA: Government Should Incentivise Saving Into ISAs

The British government should support savers when they save into their first individual savings account (ISA) as a means to promote saving among people who have never done it before, according to the Building Societies Association (BSA). The suggestion was presented as part of a broader...

13 Nov 2013 British Property Tax Highest Among Most Developed Countries

British taxpayers are charged with the highest property taxes in comparison to other countries from the developed world. In fact, UK property taxes are almost twice as high as the average in countries in the Organisation of Economic Co-operation and Development (OECD), a new report by think tan...

06 Nov 2013 One In Four UK Investors Have No Access To Professional Advice

Nowadays, many British workers take care of their own retirement saving plans, and seeking proper financial advice can be a very important. However, according to a new survey by the Yorkshire Building Society, one in four savers and investors have difficulties in finding professional help. ...

30 Oct 2013 Things You Need To Know Before Buying To Let

Investing in property is a great option for many people, and as property is a valuable asset with staying power, it is hardly surprising that it is present on most investors´ portfolios. As demand for housing keeps rising, many investors turn their attention to buy-to-let property...

23 Oct 2013 SIPPs Provide Investors With Clarity And Simplicity

As average life expectancy continues to rise, planning for retirement is becoming more important than ever. Many people spend 30 or even 40 years saving for retirement, and having sufficient income to rely on when no longer working is crucial. With this in mind, getting savings right can make a...

16 Oct 2013 74% Of Investors Would Not Hold Assets In Funds Linked To Human Rights Abuse

When making decisions on where to place their money, investors are typically preoccupied with factors such as the risks involved and return on their investment. With this in mind, assessment on whether funds are ethical or not is sometimes overlooked. New research from ethical investment provid...

09 Oct 2013 Savers Should Get Creative As Returns From Savings Drop

Britons who are saving into cash accounts are facing undesirable returns this year, with the average one-year fixed-rate bond paying only 1.56%, according to new figures released by the Bank of England. This means that, at present, savers whose fixed deals are approaching maturity will ...

02 Oct 2013 Property Investment Through Sipps Explored

Adding property as an asset for self-invested personal pensions (Sipps) is not unusual, and is already a common practice among investors. However, property has been brought into the spotlight recently for two reasons: the proposed definition of commercial property as a non-standard asset, and t...

25 Sep 2013 New Rules To Ensure Transparency Of Fund Management Charges

Investors are often confused by the effect of fund management charges on their savings but under new rules to be introduced in April 2014, all investors will be provided with full information regarding the fees they have been charged, the Sunday Telegraph reported. The reform was confir...

18 Sep 2013 DWR: High Earners Need To Save More For Decent Retirement Income

Pensions have been a hot topic in the UK for months now. Yet despite the amount of attention given to the matter recently, many people are still unaware that they have to do more in order to maximise their retirement income. Recent analysis of pension reforms introduced by the governmen...

11 Sep 2013 FCA Launches Probe Into Cash ISA Market

The Financial Conduct Authority (FCA) is launching a probe into the UK´s individual savings accounts (ISAs) market, following concerns that many providers are using the so-called “teaser” rates, the Financial Times reported. The regulator will look into competition and introdu...

11 Sep 2013 Bath Rugby link up with Fidelius

Bath Rugby are very pleased to announce a new partnership with wealth management and employee benefits firm Fidelius. Jim Grant, Fidelius Chief Executive, said: "Bath Rugby is one of the most famous brands in rugby with a rich heritage and it is a privilege and pleasure to be the Club's Official Financial Advisers. We very much look forward to working more closely with everyone there; the Foundation, Academy, the team at Farleigh and all the loyal supporters. The next few years are going to be very exciting for everyone involved with the Club and we are looking forward to seeing Bath Rugby progress on and off the pitch."

04 Sep 2013 How To Plan Your Retirement Income

Securing a sufficient income for retirement has been a hot topic lately. Many investors have been focusing on drawing up plans to maximise what they can expect to receive after they retire. However, one of the most common mistakes investors make is concentrating on numerical values and ignoring...

28 Aug 2013 How To Avoid Common Investment Mistakes

Investing your money in shares and funds of your choice is often risky, especially for people who lack extensive experience in the field. Here are some of the most common investment pitfalls and how to avoid getting trapped. According to the Daily Telegraph, one of the biggest mistakes ...

21 Aug 2013 How To Bolster Your Retirement Income

Many people know that securing a decent income in retirement takes a long time. Some of those approaching retirement age feel anxious about not having saved enough. There are various ways of becoming a DIY investor, without having to devote a lot of time and effort to the task. There ar...

21 Aug 2013 HMRC To Include P2P Lending In ISAs

HM Revenue and Customs is looking for ways to include peer-to-peer lenders in tax-free individual savings accounts, the Telegraph reports. The service, provided online, is an alternative to banks in their capacity of intermediary, and links borrowers directly to lenders, allowing them t...

07 Aug 2013 Fixed Income Funds Book Record-High Net Outflows In June

The Investment Management Association (IMA) said on July 30 that net redemptions for fixed income funds by retail investors had reached a historical peak in June, at £624 million. This is the highest amount since IMA started tracking the results in 1992. Total net outflows for the seco...

31 Jul 2013 HMRC Reports Increase In Isa Savings

Many Britons are still looking for tax-free saving options, as more and more consumers have been interested in saving in such accounts, according to new research from HM Revenue and Customs (HMRC). During 2012/2013, a total of 14,559,000 individual savings accounts (Isas) existed, compa...

24 Jul 2013 Stakeholder Pension Or SIPP?

For people planning their own retirement income, there are numerous possibilities to choose from and the decision is not always an easy one. This Is Money website compiled the key features of Self Invested Personal Pensions (SIPPs) and compared them to stakeholder pensions, in an attempt to hel...

17 Jul 2013 Income Drawdown Reform To Provide Extra Cash To Retirees

Britons in retirement who still have their pension pots invested in the stock market are set to benefit from the new cap on withdrawals from drawdown pots, the Daily Telegraph reported. This means that a typical 65-year-old British pensioner with a £150,000 pot would have access to an addition...

10 Jul 2013 AIM Stocks To Be Included In ISAs

The UK Treasury has decided to allow investors to include stocks listed on the junior market in individual savings accounts (ISAs). More than 1,000 AIM-listed stocks are to be included in tax-efficient ISAs, most likely from the autumn, according to early predictions. While this opens u...

03 Jul 2013 Still Not Saving For Retirement At 40? Act Now

UK workers in their 40s who have not yet started saving up for a pension should start considering their retirement options. Most people in this age group will have got on top of their debts by then and will have reached the peak of their income, so this decade is the perfect time to start savin...

26 Jun 2013 Investors Turn To Property Again

Investors seem to be directing their attention back to property, and many experts are convinced there might be opportunities for high-yield returns in the market outside London and the traditional prime asset locations. Specialists claim that property is now back in investors´ por...

19 Jun 2013 More Britons Opt For Sipps As Saving Option

Taking care of their own saving plans and starting a self-managed pension is becoming a more popular option amongst UK residents. Figures quoted by the Daily Telegraph show that the number of workers saving into self-managed pensions increased by 43% over the past two years. The most co...

18 Jun 2013 FIDELIUS GETS IN THE SADDLE FOR CHARITY

John Calvert-Jones from Bath based financial services company Fidelius is gearing up to tackle a 60-mile bike ride in aid of charity. John is to head for the hills as part of the city’s annual Bike Bath event taking place this weekend (22nd and 23rd June) to fundraise for the firm’s charity of the year, Hope for Tomorrow.

12 Jun 2013 Majority Of Banks Fail To Give Adequate Advice On ISAs

British consumers are not given the best advice as far as their individual savings accounts (ISAs) are concerned, new research from price comparison website Which? claims. The report revealed that bank workers provide “shockingly poor” advice to people who are interested in ISA prod...

05 Jun 2013 HMRC Publishes Finalised Guidance On FATCA

The final version of the guidance notes by HM Revenues and Customs (HMRC) regarding the Foreign Account Tax Compliance Act (FATCA) has been published, the taxman announced. The guidance was finalised after extensive consultations with stakeholders, including the Investment Management As...

29 May 2013 FCA Urged To Raise SIPPs Capital Threshold

The Financial Conduct Authority (FCA) should increase the proposed threshold for self-invested personal pensions (Sipp) from a minimum of £20,000, as currently planned, to £50,000, the Association of Member-Directed Pension Schemes (AMPS) said, as quoted by the Financial Times Adviser.

22 May 2013 More People Seek Help For Inheritance Tax Planning

The number of people who seek professional advice on how to reduce their inheritance tax is on the rise, following the government´s announcement that the threshold - assets of £325,000 or £650,000 for married couples - over which inheritance tax is charged at 40% would be frozen until 2...

15 May 2013 ISA Savings Drop In 2012

Savings into UK individual savings accounts (ISAs) are falling for the first time since they were launched, according to new data from accountancy firm UHY Hacker Young. A recent report from the firm showed that the amount of new subscriptions into ISAs in 2011/2012 went down to £53.5 ...

08 May 2013 FCA Considers Rebate Ban On Sipps And Other Markets

The Financial Conduct Authority (FCA) is going to hold a consultation on extending the ban on platform fund rebates to Sipps, life companies and discretionary fund managers, the FT Adviser reported. The authority published a policy statement last week, in which it laid out its plans to ...

01 May 2013 Britons Fail To Use ISA Tax Allowance

According to new research from online and telephone bank First Direct, one in four Britons own stocks and shares, but only 14% have taken advantage of the tax free stocks and shares individual savings account (ISA) allowance that they are entitled to. Nearly 14% of those who have not us...

24 Apr 2013 Consolidation Of Pension Investments Can Improve Performance

When making plans for pension investments people should consider two main things - consolidation and diversification, but they should be carefully evaluated, according to City A.M. Pensions are certainly the most tax-efficient way to save up for later life and in an attempt to deal with...

17 Apr 2013 Sipp Operators Face Reforms In 2013

The recent introduction of the Financial Conduct Authority has led to a dramatic overhaul in the UK´s financial services industry. Self-invested personal pensions are no exception to this and over the next few months, they are set to go through a number of changes. One of the most...

08 Apr 2013 Retirement Income Highly Dependent On Timing And Stock Market Performance

According to a recent study from insurer AXA, retirement income in the UK surged from a post-crisis record low level in the first half of 2012 to a post-2007 high within just seven months, which could explain the vulnerability to stock market fluctuations of some people saving for retirement.

27 Mar 2013 Government May Allow SIPPs To Hold Residential Property

The UK government plans to simplify rules related to assets held in self-invested personal pensions (SIPPs) and may soon allow the conversion of unused commercial properties for residential use by pension investors in their funds should Budget proposals be given the go-ahead. At present...

20 Mar 2013 SIPP Market Grows 35% Since 2006

The self-invested personal pensions (SIPPs) market has expanded by 35% since the scheme´s rollout in 2006 and 200,000 new SIPPs are sold each year after the introduction of the new pension rules that came into force on “A-Day,” according to MoretoSIPPS´ head John Moret. ...

13 Mar 2013 Tax Break Becoming Less Attractive Option To The Super Rich

The number of people residing in Britain who apply for a tax deduction has declined to 116,000 in the tax year to April 2011 from 140,000 in 2007-2008, the period when the world started to recognise the first symptoms of the looming financial turmoil, a spokesman for the UK tax authority told R...

12 Mar 2013 Equities Tipped The Most Attractive Option To Investors

Investors are constantly in hot pursuit of new income streams as gains from conventional fixed-income sources are beginning to shrink. Equities have started to emerge as their latest favourite, as the Financial Times has established, judging from the results of its latest Celsius sentiment surv...

27 Feb 2013 Majority Of UK Landlords View Their Rental Income As Supplementary To Pension

Many landlords in the UK are likely to use their property investments as retirement income, property news portal PropertyWire reported citing new research. The vast majority (84%) of single property and portfolio landlords participating in the recent BM Solutions/BDRC Continental survey...

20 Feb 2013 Brits To Face Significant Savings Gap In Retirement

The savings of the average Briton are expected to dry up just seven years after they retire, leaving them without any for the last 12 years of their life, a study by HSBC showed today. The average Brit intends to retire at 65 and thinks an income of around £22,500 a year would provide ...

15 Feb 2013 Fidelius Match Ball Sponsorship

Fidelius were delighted to be the match ball sponsors for the game against Worcester Warriors. Jim Grant, CEO of Fidelius, was presented a signed rugby ball by Bath Rugby players Sam Vesty (left) and Simon Taylor (right). Bath Rugby stormed to a bonus point win, final score 32-9

13 Feb 2013 Slight Rise In Number Of Inflation-Beating ISAs

Five cash individual savings accounts (ISAs) now negate the impact of inflation, up from just two in January, data provider Moneyfacts estimated on Tuesday after the latest inflation data was released. According to the Office for National Statistics, the consumer price index (CPI) was f...

08 Feb 2013 Tim Lambert to run 150 miles for charity in ultramarathon challenges

Tim Lambert of Bath based property investment firm Parallel Capital is preparing to run two gruelling ultramarathons in a bid to raise £2,000 for Hope for Tomorrow, a charity that reduces hospital visits for cancer patients by providing mobile treatment units.

06 Feb 2013 A Third Of Brits Not Making Most Of ISAs Said MoneySupermarket

Some 34% of people in the UK have not yet made the most of ISAs with only two months left until the end of the 2012/13 tax year, a new survey conducted between 25 January and 2 February by MoneySupermarket showed on Monday. Some 8% of over 2,400 respondents said that they would not both...

31 Jan 2013 Drop In Sales Of £2m+ London Homes Slows In Q4

The sale of London homes valued at over £2 million slowed down to 21% in the fourth quarter of 2012, which is down from 33% over the previous three months, according to the latest data from property consultancy Knight Frank. This came after Chancellor George Osborne´s comments in...

24 Jan 2013 FIDELIUS EXPANDS WITH ROUND OF SENIOR APPOINTMENTS

Fidelius, one of Bath’s leading financial services companies, has appointed two directors to its board and three senior staff to its wealth management and employee benefits divisions as the firm continues its strategy of rapid growth and expansion.

23 Jan 2013 Overseas Purchases Of Central London New-Build Property Rose In 2012

The value of international purchases of new-build property in central London jumped by almost a quarter to £2.2 billion in 2012, from £1.8 billion the previous year, data from property consultancy Knight Frank showed last week. According to the consultancy´s International Reside...

16 Jan 2013 Just 14 ISAs Negate Inflation Effects In December

Just 14 individual savings accounts (ISAs) managed to avoid the effects of inflation last month, which remained unchanged at 2.7% as announced by the Bank of England, price comparison website MoneySupermarket said on Tuesday. ISAs that mitigated the inflation impact were 13 easy access ...

14 Jan 2013 UK Government To Introduce Flat-Rate State Pension In 2017

The UK government is gearing up for the introduction of a flat rate state pension starting from 2017 in a move described by experts as a means to ensure a “simple, clear and understandable” scheme for pensioners going forward, the Financial Times reported. Under the mechanism, which...

02 Jan 2013 Some 75% Of Small Businesses Without Pension Scheme

Some 75% of small firms in the UK do not run a pension scheme, a survey by the Association of Consulting Actuaries (ACA) showed yesterday. Only 25% of small businesses provide a pension provision, compared with one third two years earlier. In addition, combined employer and employee pen...

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