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Pensions and Financial Advice - beBee

Pensions and Financial Advice

~ 100 buzzes
Up to date, Global Financial news from the worlds largest Independent Financial Advisor Firm.

With over $10bn under asset management from in excess of 80,000 clients in 100 different countries, you can be sure no matter where you end up, deVere is here to help you make the most of your money
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  1. James McElearney
    James McElearney
    Post-Brexit pensions at all-time risk
    www.devere-group.com UK pensions face an unprecedented level of risk following the Brexit vote, warns deVere Group’s CEO Nigel...
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  2. James McElearney
    The Black hole grows ever wider by the day and now is more important than ever that you review your pension options. As an international living abroad, there are many options out there to safe guard your retirement savings and ensure you get the full amount you are entitled to. Why take the risk with your money? The deVere Group are the largest company in our field, and we are offering a complimentary overview of your portfolios, with no obligation. We will even do the leg work for you. Contact me today and take advantage of this fantastic offer
    James McElearney
    Black hole in struggling pension schemes widens to record £935bn
    www.dailymail.co.uk Figures from consultancy group Hymans Robertson showed the deficit in final salary schemes has jumped from £720bn at the start of the year and £825bn last...
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  3. James McElearney
    http://www.ft.com/cms/s/bb94f4b8-3a1c-11e6-a780-b48ed7b6126f,Authorised=false.html?siteedition=intl&_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fbb94f4b8-3a1c-11e6-a780-b48ed7b6126f.html%3Fsiteedition%3Dintl&_i_referer=&classification=conditional_standard&iab=barrier-app#axzz4CkrfolKt
    James McElearney
    UK’s pension funding hole hits £900bn after Brexit - FT.com
    www.ft.com The UK’s pension funding hole hit a record high of £900bn after Britain’s surprise vote to leave the EU, prompting concerns about the future of some retirement schemes. The deficit of defined benefit pensions — which pay out benefits linked to...
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  4. James McElearney
    James McElearney
    BT deficit widens by £3bn as rates fall
    www.professionalpensions.com The funding deficit in the BT pension scheme has grown by almost £3bn according to the latest summary funding statement. ,Defined Benefit ,DB,BT Pension...
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    Comments

    James McElearney
    22/06/2016 #2 James McElearney
    Contact me today for more information
    James McElearney
    22/06/2016 #1 James McElearney
    If you or anybody you know has worked for BT or any of the large FTSE 500 companies in the UK, then it may be time to check your options. Offshore QROPS Pensions provide many beneficial tax exempt perks, among others. We are currently offering a free consultation of your UK pension, from the largest IFA firm in the world. We will do a health check on your UK pension and present you with the findings, outlying any options you may have. with no cost and no obligation. You could find yourself much better off!
  5. Michael Ian Kinnear 🇬🇧
    Michael Ian Kinnear 🇬🇧
    Stop the dangerous changes to pensions
    38d.gs
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  6. ProducerJames McElearney
    How Expats Can Dodge Osborne’s Pension Tax Grab
    How Expats Can Dodge Osborne’s Pension Tax GrabIn April 2016 to Life Time Allowance was dropped down by £250,000 to £1 million and Chancellor George Osborne will snatch a tax penalty of 55% of the fund value from anyone breaking the limit.The allowance is the amount of money any retirement saver...
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  7. ProducerMike Macioci

    Mike Macioci

    17/06/2016
    Frequent Annuity Questions
    Frequent Annuity Questions I often get questions on annuities. Here are some of the most common. Hopefully, this removes some of the mystery surrounding what is often a misunderstood investment vehicle. What is an annuity? Look at it as an insurance contract designed to...
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    Comments

  8. James McElearney
    James McElearney
    UK plc sleepwalking into BHS-style black hole, pensions experts warn
    www.standard.co.uk Pension experts told corporate Britain today to get their business in order, in the wake of the commotion surrounding collapsed BHS’s £571 million pension fund black hole. Richard Butcher, managing director at trustee company PTL, told the Standard...
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  9. James McElearney
    James McElearney
    Global Bonds Entering New Abnormal as Japan Leads Yield Meltdown
    www.bloomberg.com Japanese, Australian and South Korean bond yields fell to records, as government debt around the world extended its best gains in two decades, with the prospect of Britain leaving the European Union boosting demand for...
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  10. ProducerJames McElearney
    European FATCA - What does it Mean?
    European FATCA - What does it Mean?The Global Trend of FATCASince being enacted in 2010, FATCA (Foreign Account Tax Compliance Act) has firmly asked for the inspection of bank accounts, continuously demanding full transparency upon the income and assets from each US citizen and green...
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    Comments

    James McElearney
    16/06/2016 #4 James McElearney
    #3 In all honesty, I doubt a double taxation will be applicable, especially for yourself who has been outside the UK for most of your life. the Idea of the FACTA is transparency, ideally to stop people hiding income. Pretty much all investment houses, already require proof of where the money has come from anyway under anti money laundering laws, so i shouldn´t worry yourself too much about how it will affect you.
    Dean Owen
    16/06/2016 #3 Dean Owen
    #2 I have no issue with declaring taxes to the UK, but will have issue if I have to pay double tax. And no doubt filling in tax returns will be a doddle compared to the US whose expat citizens I hear complain year in year out. I'll be happy if they adopt the Singapore system of online filings which takes less than 5 minutes to complete.
    James McElearney
    16/06/2016 #2 James McElearney
    #1 Unfortunately I think this will come into affect regardless of the vote on Brexit. The Us have been pushing this for some time and it was an inevitability that other nations would follow suit. Thanks for the comment dean
    Dean Owen
    16/06/2016 #1 Dean Owen
    Nice topic, and an important one. I certainly don't want to pay for streetlights in Britain when I have lived out of Britain for close to 30 years and pay for streetlights in the country I live in. Whatever the outcome, I plead ignorance until someone delivers a letter. So this European FATCA is a good reason for expat Brits to vote for Brexit?
  11. ProducerMike Macioci

    Mike Macioci

    15/06/2016
    Types of Investment Risks
    Types of Investment RisksThere are basically two categories of financial risk: The first is referred to as Systematic Risk. Systematic risk influences a large number of investments across a wide spectrum. The financial crisis of 2008 would be a good example. Virtually,...
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    Comments

    Mike Macioci
    16/06/2016 #6 Mike Macioci
    #3 Thanks!
    William Rakow
    15/06/2016 #5 William Rakow
    Welcome to beBee Mike, You will enjoy buzzing around the hives as I do.
    James McElearney
    15/06/2016 #4 James McElearney
    Thank you for this very informative piece @Mike Macioci, easy to digest and a great buzz
    Javier beBee
    15/06/2016 #3 Javier beBee
    welcome to beBee !
    Mike Macioci
    15/06/2016 #2 Mike Macioci
    #1 Thanks for the feedback!
    Charles Wilson
    15/06/2016 #1 Charles Wilson
    Great buzz @Mike Macioci, really informative.
  12. ProducerJames McElearney
    Pensions and your Choices explained
    Pensions and your Choices explained IntroductionI have always been one of these people that never considered putting money into a pension. The whole idea just never seemed that important to me. I always thought that I had plenty of time to plan for my retirement, after all its not...
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    Comments

    James McElearney
    08/06/2016 #5 James McElearney
    #4 Thank you very much @Aletta Curry, I´m glad you found the article useful. thank you for the follow, I look forward to connecting
    Aleta Curry
    08/06/2016 #4 Aleta Curry
    A thoughtful and thought-provoking article, @James McElearney
    Pocketsquarez Com
    08/06/2016 #3 Pocketsquarez Com
    It is never to late to become what you could have been. Start now with a passion, you might be surprised what the future holds.
    James McElearney
    08/06/2016 #2 James McElearney
    #1 @Dean Owen, thank you for the thoughtful question, It´s difficult to answer that without taking a look into an individuals personal circumstances as what one person can afford may not be the same for the next.. It would be wise to speak to a financial adviser to assess your circumstances, he or she can take a look at what your spending, what your saving, and where you can make little tweaks and changes in order to put yourself in a better position. Giving up little luxuries that we all enjoy is usually a good way to start. Lets say the average working joe buys a Starbucks coffee and bagel every morning at an average of $5 or $6 a day, simply by switching this routine to an instant coffee, or investing in a coffee machine, and maybe buy a box of cereal for the office, you would be surprised how much you could actually put away into a savings pot, add the interest and you will soon start noticing a nice little sum building up. I´m not saying we all have to give up life´s luxuries, but by showing you exactly how much the average person wastes in a month, then saving becomes a lot easier. There are also multiple options to make Pension investments a lot less complicated and scary, which I find is another reason people tend to close schemes or simply just not save. Saving for retirement shouldn´t be as complicated as most people make out, A Financial Advisers job is to show you ways to balance life to make the most out of your money.
    Dean Owen
    08/06/2016 #1 Dean Owen
    Hi @James McElearney, I expect there are many out there (myself included) who enrolled in a plan, but during a period of unanticipated disruption in their career, or when money was tight, they terminated the plan. How would you coerce these people back into a plan? Cheers.
  13. James McElearney
    James McElearney
    China’s economy slows to 6.7%
    www.devere-group.com China’s economy slowed to 6.7% in the first quarter, according to official government...
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  14. James McElearney
    James McElearney
    Doubts raised over impact of oil summit
    www.devere-group.com An agreement to cap oil output is to be debated in Doha this coming weekend, which the International Energy Agency (IEA) says will have a limited...
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  15. James McElearney
    James McElearney
    Happy 10th Birthday QROPS
    www.linkedin.com It's April 6th 2006, better known as A-Day! The HMRC has just today released a new scheme to help simplify the UK pensions market. Contained within this initiative was the announcement that...
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  16. James McElearney
    James McElearney
    Pension pots fully cashed out by two-thirds of savers
    www.devere-group.com Pension pots fully cashed out by two-thirds of savers. Alarms have been raised about people taking up the new retirement freedoms as statistics indicated that more than two-thirds of pension pots accessed by savers between July and September of 2015...
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  17. James McElearney
    James McElearney
    Thousands won’t be eligible for state-pension
    www.devere-group.com A charity has warned that tens of thousands of people may not be eligible for the new state-pension between now and 2030, reports deVere...
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  18. James McElearney
    James McElearney
    Pensions tax relief climb-down a ‘missed opportunity’
    www.devere-group.com George Osborne’s choice to withdraw from making drastic reforms to pensions tax relief was a “missed opportunity” to enhance the retirement fund of the ordinary British worker by over 14%, according to a study by the Resolution Foundation,...
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  19. James McElearney
    James McElearney
    Too few people understand new state pension
    www.devere-group.com Too few people understand new state pension. MP’s have warned that ministers have not made it clear that most people retiring on the new state pension will not receive the £155.65 weekly...
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  20. James McElearney
    James McElearney
    Pension reform will benefit women and self-employed
    www.devere-group.com George Osborne, Chancellor of the Exchequer, said the government’s reforms to make state pensions simpler will benefit women and the self-employed mainly because it will give them greater security to plan their retirements, although some experts...
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  21. James McElearney
    James McElearney
    Young savers "robbed of £19,000" under new state pension
    www.devere-group.com Under the new state pension rules which came into force on April 6th, savers in their 20s will miss out on an average £19,000 each, deVere Group can...
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