Hundreds of thousands of British expats who retired in other EU countries will receive letters from the government to say their state pensions will still increase in the event of a no-deal Brexit – but only for three years as Money Marketing reports.
This may not be regarded as particularly reassuring by those concerned.
IFAs will no doubt have an important role in reassuring clients when the UK finally leaves the European Union though especially, it seems, those with EU based clients.
Interesting to see Tony Wickenden pick up on the Institute for Public Policy Research on bringing taxes on investment into line with income tax. I included this in a little newsletter I do each month because I also thought it could have significant influence on future Labour party policy. It is something to watch especially in the event of a Labour-led government emerging from the current turmoil.
Labour has set out some radical policies at its recent conference, though actually was quite quite on the subject of financial services.
The following story seems to go rather against the grain of recent economic events and concerns about fund liquidity, but asset manager Gravis has launched an open-ended property fund which aims to provide a 4 per cent return by investing in UK property.
Chris Budd has launched the Institute of Financial Wellbeing with nearly 200 advisers registering their interest. It will be fascinating to see whether this becomes an important business line for these advisers or whether it is a case of reinforcing what advisers are doing already or a bit of both.
Tenet tells advisers that maintaining strong client relationships is the key to seeing off claim management companies aiming to encouraging post DB transfer compensation claims as New Model Adviser reports.
More than 37,000 people were hit by lifetime allowance charges in 2017-2018.
