Story by: Kylie Harrison, Money Management
Structured products have had a bad press, but is it warranted?
Drawdowns can be more effective than annuities, according to IMA
Pension transfers should be left to the specialists
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- Small self administered scheme (SSAS) funds can no longer be used to pass on pension funds tax free on death. Any increase in the pension rights of one member following the death of another member - if the two members are family or partners - will be treated as an unauthorised payment subject to a tax charge of 70%, which when combined with inheritance will bring the potential charge to 82%. The charge will not apply if the scheme has 20 or more members and the benefits are spread equally.
- The number of buy to let mortgages increased in 2007 despite uncertain market conditions, according to the Council of Mortgage Lenders (CML). Its data showed that buy to let mortgages rose from 171,800 in the second half of 2006 to the 179,800 over the same period last year. Data from letting agent Your Move suggests that the trend is continuing in 2008, combined with a clear rise in tenant demand.
The ifs School of Finance has pointed to record rises in the number of people taking its certificate for financial advisers (CeFA) as a sign that a career in financial advice is becoming more attractive.
EXCLUSIVE: Windsor Life chief executive Jonathan Yates has spoken for the first time about how untrained staff and IFAs with "shopping lists" led to horrendous delays in customer service levels.
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The prospect of earning cash plus returns in falling markets is attractive. Absolute return funds claim to do this, but is it always possible, asks Geordie Clarke?
Location: Nationwide
Salary: Remuneration: commission £120,000 + (uncapped).
Location: Cirencester
Salary: OTE £70,000 - £90,000 year 1 s/e
Location: South East/South Coast
Salary: Up to £45k Basic + Car + Bonus + Benefits OTE £80k
The subject of guaranteed annuity rates usually invokes strong feelings, both in those that have the...