July 2015 - Moore Stephens Financial Services

Pension allowance

Mr Osborne’s Budget, reduced pension allowances and further pension reform

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Many of the areas for potential pension reform mentioned in George Osborne’s recent Budget have little bearing at the moment, as various consultation periods will be gone through before any final decisions are made. Given the hints he gave about the future of pensions tax relief in particular, such a consultation is a positive as hopefully all perspectives can be viewed and a pragmatic result attained. That said, there is…

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Budget 2015

Budget 2015 – the savings pledge

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George Osborne’s emergency budget has been hailed as the most radical budget for years. Productivity is a concept we will increasingly hear about. The UK ranks quite poorly amongst peers for productivity and many of the measures introduced yesterday were done so with a nod to improving productivity and maintaining the UK’s standing as an economic powerhouse. Overall, it was a positive message and provides a much clearer idea of…

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short term results vs long term gain

Short Termism – A curse from the recent past by Jon Telford

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“Human nature desires quick results, there is peculiar zest in making money quickly” John Maynard Keynes, 1936. Time and again, history provides lessons that taking a short-term approach rarely results in beneficial outcomes. From a financial perspective, the excesses of the early part of this century by some parts of the financial services industry bear testament to this. Banks and other financial institutions largely made their money by selling products…

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Greece - history

Greece – history, contagion and the future

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It feels like we should have written more about Greece in recent weeks, but the problem has been that there has been little left to write. Everyone has had an opinion and my inbox has been filled on an hourly rate with yet another news alert from a fund manager. Very few of them said anything conclusive or groundbreaking, but it is one of those stories we are all meant…

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