You are here: Home » News & events » MT Financial News

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:

Pension savers withdraw £1.8bn - August 14, 2015
thumb image

Retirees withdrew £1.8 billion from their pension pots in April and May, the Association of British Insurers (ABI) has revealed. The figures, published on 15 July, came on the 100th day since new freedoms in the way people are able to access pension savings were introduced in April. A breakdown of the figures showed that: … Continue reading Pension savers withdraw £1.8bn


Deposit protection limit reduced - August 14, 2015
thumb image

Savers have been warned that the level of deposits protected in case of a bank, building society or credit union failure is to be cut by £10,000 next year. The Prudential Regulation Authority (PRA) announced on 3 July that for most depositors covered by the Financial Services Compensation Scheme (FSCS), the level of protection provided … Continue reading Deposit protection limit reduced


Care cap on hold until 2020 - August 14, 2015
thumb image

A government initiative to cap care costs at £72,000, due to take effect in April 2016, has been postponed until 2020. In a letter to the Local Government Association on 17 July, Community and Social Care Minister Alistair Burt described the Care Act 2014, the legislation introducing the change, as “historic” but added: “The proposals … Continue reading Care cap on hold until 2020


Osborne pledges action on pension exit penalties - July 6, 2015
thumb image

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
thumb image

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
thumb image

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
thumb image

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
thumb image

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
thumb image

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
thumb image

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


© Copyright Moore Thompson. All rights reserved. | Terms & conditions | Privacy policy | Sitemap
Moore Thompson is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.
Accountants in Spalding | Wisbech | Market Deeping | Lincolnshire | Cambridgeshire | Peterborough
Responsive Menu Image Responsive Menu Clicked Image