March 2016 - Moore Stephens Financial Services

The March 2016 Budget was one of the most hotly anticipated in recent times, but did it warrant the hype?

Posted by | Budget, News | No Comments

The main concerns for us surrounded the future of pensions tax relief and the 25% tax free lump sum available when you draw benefits from pensions. After much speculation, the Chancellor has left pensions tax relief alone, which means another opportunity for higher rate taxpayers to benefit from higher rate tax relief next year. We would sound a warning on this, as we feel the clock is ticking and the…

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 Is Peer-to-Peer lending safe or is it the next big scandal waiting to happen?

Posted by | Peer to Peer Lending | No Comments

The Peer-to-peer (or P2P) lending sector is one of the fastest growing markets in Britain as savers who are fed up with ultra-low interest rates on offer at the banks, rush to find better rates online. The returns are certainly attractive but are they high enough for this high-risk form of lending, which places all of an investor’s capital at risk? The idea is that we can cut out the…

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Workplace pensions – 2016 outlook and 2015 fines  

Posted by | News, Pensions | No Comments

According to The Pensions Regulator, around half a million small and micro cap firms will reach their workplace pensions staging date in 2016. Recent estimates indicate a total financial adviser population of around 22,500 in the UK. However, many of those advisers are not willing or able to advise clients on the auto-enrolment process and have made it clear they do not wish to be involved in assisting employers with…

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Pension Freedoms – Why taking advice has never been more important  

Posted by | News, Pensions | No Comments

  A significant but perhaps poorly understood consequence of the Pension Freedoms announced in 2015 is that the future relationship between investors and their advisers will need to be very different to how it has been operating in the past. Previously, individuals retiring with final salary pensions or annuities have needed advice at the point of retirement, but once they have made their generally irrevocable choices, there has obviously been…

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