Hints and tips:
...In late March Capita first disclosed an “IT issue” that left staff unable to access some systems and disrupted services provided to local authority clients....
...Should my husband buy an annuity? My husband has an adequate pension fund invested in very low-risk equities. He is 73, very healthy, and has no immediate plans to retire....
...For the first time in a long time, annuities look “good value” versus keeping your DC savings and drawing down each month, but with no guaranteed amount and no guarantee you won’t run out of money....
...If you’re heading for a retirement that includes no car or annual foreign holiday and only £54 a week for food you may feel like you’re losing the savings game....
...AEL, as it’s known, is one of the biggest peddlers of retirement annuities....
...The desire for an “investment big bang” is also coming with looser caps on fees paid by defined contribution pension schemes, and a push for local government pension funds to set aside money to go into local...
...Trade purchasers of fellow fund managers will keep on acquiring — witness Perpetual of Australia bidding A$2.4bn (US$1.8bn) for local rival Pendal — because of secular pressures....
...We do not know the timing, structure or pricing of the fund raise....
...Standard Chartered had been touted as a likely anchor investor but is understood to have made no firm commitment....
...If you were to sell now, you could use the proceeds to buy an immediate needs care annuity....
...If property is owned and no one else lives there, the local authority can secure a charge on it so that the fees it pays are repaid later....
...The regulator has no sensible way of stepping in when care homes teeter towards bankruptcy....
...Thanks to quantitative easing, super low interest rates and the need for the pension freedom generation to use the equity income to replicate the annuities they no longer want to pay for, ordinary investors...
...The union said it would be making no recommendation to its members on the package....
...There is a postcode lottery in care just as there is in health; local councils decide, with no national framework, who gets what funding there is....
...People should register with their local authority. Every local authority will have something online. Register saying you want to be a self builder....
...UK life insurers and pension funds, which today manage nearly £3tn of assets, have been investing in the real economy for centuries....
...Pensions potential Historically, low annuity rates make it financially impossible for many over-50s to retire early....
...Rules that came into effect last year gave investors the freedom to spend as much or as little of their defined contribution pension funds as they wished, with no requirement to buy an annuity....
...No, it should not make any difference to customers or premiums in most cases, although analysts say prices in individual and bulk annuities could rise....
...Royal London, levies annual charges of 0.9 per cent on funds of less than £30,000, but this fee drops to 0.35 per cent for funds bigger than £607,000....
...So far there is no agreement on how the costs should be shared between taxpayers and the utilities that operate the nuclear plants....
...Someone with no savings or property at all could expect to be funded by their local authority....
...From November 30, new investments will no longer qualify for tax breaks....
...Buying into high risk companies is not cheap and Octopus is no exception. Private investors in Eureka do not get to choose the businesses they have exposures to....
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