State pension age may rise to 70

Recent reports suggest that the government is planning to raise the official state pension age to 70 for those currently in their 20s. As a more aggressive timetable for increasing state pension age is apparently to be introduced, those in the 45-55 age bracket could be set to receive their state pension when they are 68, whilst those aged between 30 and 45 may have to wait until they are 69. The current state pension age is 65, with a timeline in place to gradually increase this, firstly to 66 between 2018 and 2020, then to 67 between 2026 and 2028, and then 68 between 2044 and 2046. However, during the official review currently being carried out, the Department for Work and Pensions (DWP)

January Market Commentary

Introduction At the start of 2016, Brexit was seen as unlikely and President Trump was seen as impossible. David Cameron was busy negotiating a deal with his European counterparts which would surely secure a comfortable majority for the ‘Remain’ camp – and while Donald Trump might manage a few wins in the primaries, he’d eventually give way to one of the mainstream Republican candidates, who would in turn be beaten by Hillary Clinton. We all know what happened and with elections due next year in Holland, France and Germany 2017 could be equally dramatic. But let’s first look back at December, and also cast an eye over the whole of 2016. It was a year when the pound fell by 15% against the do

Investing in Venture Capital Trusts: what you need to know

Venture Capital Trusts (VCTs) are publicly listed closed-end funds. They are crafted to provide individual investors access to venture capital investments through regular capital markets. This is achieved through VCT fund managers working to generate above-average returns for investors by identifying potentially profitable investments in small unlisted firms. As any investment is always spread across several different companies, VCTs inherently provide diversification. However, the potential risk is a lot higher than investing elsewhere, such as in the FTSE 100. VCTs also offer a number of tax benefits, as neither income tax nor capital gains tax is due on money generated through them, makin

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