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MT Financial News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Osborne pledges action on pension exit penalties - July 6, 2015
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Chancellor George Osborne has announced moves to strengthen retirees’ rights to access their pensions and remove barriers to doing so. He told the Commons on 17 June that the Treasury would consult to ensure that people were not charged excessive early exit penalties and were treated fairly when moving a pension to a company offering … Continue reading Osborne pledges action on pension exit penalties


Older borrowers face mortgage challenges - July 6, 2015
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More than a third of new mortgages being taken out today will extend beyond the borrower’s 65th birthday but lending to this age group is lagging far behind, the Council of Mortgage Lenders (CML) has revealed. Figures released at a CML conference in June showed that almost 35 per cent of new loans were not … Continue reading Older borrowers face mortgage challenges


UK adults snub life insurance - July 6, 2015
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New research suggests that three in five UK adults have no life insurance. Public opinion researchers YouGov revealed in its Life and Health Protection 2015 report, published on 9 June, that 60 per cent of more than 2,000 people it surveyed had no life insurance of any kind. Of these, only 17 per cent had had … Continue reading UK adults snub life insurance


Investors urged to take a more realistic approach - June 9, 2015
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Investors are upbeat about growth over the next 12 months but have been warned that they need to take a more “realistic approach” to investing. The Schroders Global Investment Trends Survey 2015, published on 13 May, questioned 20,706 individual investors in 28 countries, including the UK, who intended to invest €10,000 or the equivalent over … Continue reading Investors urged to take a more realistic approach


State pension crucial to one in seven retirees - June 9, 2015
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More than one in seven (15 per cent) of people planning to retire this year have no pension savings, and will either be totally or heavily dependent on the state pension as their only source of regular retirement income, according to research by Prudential. In its eighth annual study tracking the plans and aspirations of … Continue reading State pension crucial to one in seven retirees


Young adults turn to parents for financial advice - June 9, 2015
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Younger adults have been told that while their mums and dads’ advice is a good starting point for making important financial decisions, they also need to tap into professional expertise. The warning came after new research from financial products provider MetLife and unbiased.co.uk, through which consumers can find independent professional advisors, revealed that nearly half … Continue reading Young adults turn to parents for financial advice


Retirees count cost of divorce - May 15, 2015
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Divorced people planning to retire this year could see their expected retirement income cut by £2,100 a year, new research has found. Prudential’s annual “Class of” survey tracks the future plans and aspirations of people planning to retire in the next 12 months. Its Class of 2015 research, published on 16 April, found that for … Continue reading Retirees count cost of divorce


Cost of care high on clients’ agenda, say financial advisers - May 15, 2015
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The cost of funding long-term care is a key issue for their clients, say financial advisers. In a survey of 2,000 advisers by investment firm BlackRock, 66 per cent said that their clients were concerned about the potential cost of care in later life. The research also found that almost three-quarters (71 per cent) of … Continue reading Cost of care high on clients’ agenda, say financial advisers


Pension freedom calls flood in - May 15, 2015
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Pension providers handled more than 200,000 calls from customers in the first week following the introduction of new pension freedoms on 6 April. Members of the Association of British Insurers (ABI) reported that between 7 and 10 April, they received 229,932 phone calls from customers interested in finding out more about their pension options under … Continue reading Pension freedom calls flood in


Brits ‘falling through advice gap’ - April 9, 2015
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Most British adults are falling through an “advice gap” by not making use of financial advisers, according to new research. A survey of 2,002 people by life insurers MetLife and unbiased.co.uk, which helps people to find independent professional advisers, found that 58 per cent had never taken professional advice and even when people did use … Continue reading Brits ‘falling through advice gap’


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