Month: September 2014

Annuity rates hit by biggest fall for three years

Annuity rates – which determine the value of private pensions – saw their biggest monthly fall in three years last month, according to research undertaken by the information website Moneyfacts.  It is stated that the average standard annuity rate fell by 2.6% during August alone. The effect to anyone buying an annuity, or an income …

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Henderson Global Investors Ltd – Notification of fund change

Henderson Global Investors Ltd has recently announced that it has merged its Henderson UK Property Unit Trust fund with its Henderson UK Property OEIC fund. The merger will not affect the value of clients’ fund holding, or in the opinion of the fund manager the risk profile of the fund. At Portfolio Financial Consultancy Ltd …

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Principality correspondence regarding certain Credit Suisse products

A number of clients have contacted us recently regarding letters received from Principality relating to Credit Suisse products arranged by them, and which are subject to review. The letters suggest that the Credit Suisse plans may be unsuitable and offer compensation if the holders respond within a set timeframe, which we are told is by the end …

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Barclays move ISA savers to lower interest rates

The following article was recently run in the Guardian (http://www.theguardian.com/money/2014/aug/06/barclays-isa-savers-interest-rates): More than a million savers who hold Isas with Barclays are set to see their returns drop as the bank announced it is moving them all on to a product with a lower interest rate. From 5 November, Barclays will move customers who hold any one of …

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