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:

Millennials warned to plan ahead as intergenerational wealth gap widens - November 17, 2017
thumb image

Britain’s younger generations are likely to get left behind due to debt and high house prices creating an inequality of wealth, according to a new report. The Institute for Public Policy Research (IPPR) has found that the poorest half of the country has an average household wealth of just £3,200 in net finances, property and … Continue reading Millennials warned to plan ahead as intergenerational wealth gap widens


Workers likely to face problems with final salary pension schemes - November 17, 2017
thumb image

A number of leading associations are warning that members of final salary pension schemes could face problems in the future. Amongst those issuing warnings is the powerful pensions body, the Pension and Lifetime Savings Association (PLSA), which has said that around three million workers with final salary pension schemes have just a 50:50 chance of … Continue reading Workers likely to face problems with final salary pension schemes


More than 15 million people still have no private pension in the UK, according to the FCA - November 17, 2017
thumb image

The Financial Conduct Authority has warned that more than 15 million people in the UK still have no pension savings, despite the introduction of workplace pensions. Its latest Financial Lives survey questioned 13,000 consumers revealing that 31 per cent of people had no private pension provision, leaving them to rely entirely on the state pension … Continue reading More than 15 million people still have no private pension in the UK, according to the FCA


New Bank of England rules for landlords with multiple properties - October 17, 2017
thumb image

As of 1 October 2017, new Bank of England rules are in force which affect any landlords with four properties or more that wish to apply for a new buy-to-let mortgage, or to refinance an existing property. Due to concerns about the systemic risk that a large buy-to-let sector could pose to the wider economy, … Continue reading New Bank of England rules for landlords with multiple properties


Investors beware: FCA warns of dangers of digital currency - October 17, 2017
thumb image

The Financial Conduct Authority (FCA) has warned consumers of the dangers of investing in cryptocurrency, as concerns grow that they lack any intrinsic value. Initial coin offerings (ICOs) – not to be confused with initial public offerings (IPOs) – are commonplace in the digital currency market. Firms offer a form of their own cryptocurrency in … Continue reading Investors beware: FCA warns of dangers of digital currency


Robots should be used to reverse the state pension age, says TUC - October 17, 2017
thumb image

The TUC has argued that robotics and artificial intelligence (AI) should be used to benefit working people – for example, by reducing the state pension age. In a new report, the umbrella body for trade unions investigated how the next technological revolution will impact on jobs and wages. It said recent innovation has mainly benefited … Continue reading Robots should be used to reverse the state pension age, says TUC


Mortgage rate rise to bite borrowers where it hurts - September 25, 2017
thumb image

The Bank of England (BoE) announced that it would hold interest rates at a record-low of 0.25 per cent in September, but for how much longer this will low rate will remain unchanged is not known. While the economy is growing and job creation is increasing to near-record levels, choosing to hold interest rates at … Continue reading Mortgage rate rise to bite borrowers where it hurts


Treasury to limit statutory right to transfer pensions - September 25, 2017
thumb image

The Treasury has confirmed plans to limit the statutory right to transfer pensions in a bid to clamp down on fraud. In a response to its consultation paper issued in December 2016, it said it would introduce tougher measures around transfers and the setting up of small self-administered schemes (SSAS). Under new measures, individuals will … Continue reading Treasury to limit statutory right to transfer pensions


Rates improve as savings market springs back into life - September 25, 2017
thumb image

Activity in the savings market has soared in recent months with the number of providers reaching its highest point in more than seven years, new figures reveal. The latest Moneyfacts UK Savings Trends Treasury Report shows that there are now 120 savings providers – such as banks and building societies – in the market, up … Continue reading Rates improve as savings market springs back into life


HMRC’s withdrawal of paper copies of important tax document may affect self-employed workers’ mortgage applications - September 25, 2017
thumb image

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently it has been possible to obtain a paper copy of form SA302, which lenders often require … Continue reading HMRC’s withdrawal of paper copies of important tax document may affect self-employed workers’ mortgage applications


© 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