FROM THE PAPERS
Synopsis: Short summaries of articles we think you will find useful from some of the weekends broadsheets. At the end of each summary is a link to take you directly to the relevant article. Please see Helpful Hints at the end of the bulletin.
Date posted: Monday, March 16, 2015
Financial Times:” Tax scheme investors face redress dilemma”. Investors facing tax demands for their participation in disputed avoidance schemes should pursue claims against their advisers, say lawyers. Click here to go directly to the article
Financial Times:” Keeping it in the family”. After a starring role in last year’s Budget, the humble individual savings account again featured prominently in the chancellor’s Autumn Statement.
Financial Times:” Tax warning over pension cash”. Four in 10 savers are at risk of big tax shocks if they take full advantage of new freedoms to cash out their pensions, a new survey has suggested. Click here to go directly to the article
Financial Times:” Packaged pension products in pipeline”. Companies are preparing to launch a range of investment options for retirement savers after the pensions regime is reformed in April, including combination products offering a ‘menu’ of annuities, income drawdown, life insurance and healthcare. Click here to go directly to the article
Financial Times:” Traded annuities ‘could see 20% discount'”. Savers trading their annuities on a second-hand market, for a cash lump sum, should expect to have a fifth knocked off the market value of the policy, insurers have warned. Click here to go directly to the article
Financial Times:” UK government under fire over tax ‘weaknesses'”. Tax revenues have barely kept pace with national income since 2009 despite more than £16bn of tax increases, according to a think-tank that criticised the government for failing to tackle the ‘underlying weaknesses’ in the taxation system. Click here to go directly to the article
Financial Times:” Isas reborn with new flexible rules”. More than 24m people in the UK — over a third of the population — have individual savings accounts (Isas), but are we making the most of them? Click here to go directly to the article
The Times:” Will your money wither and die before you do?“. New pension freedoms bring with them a huge responsibility to spend your cash wisely — but nobody really knows how long it needs to last.
The Times:” Follow the best route with your pension”. Free guidance will be available but investing in help from an adviser is likely to pay off in the long run
The Times:” Taxman waits to pounce on windfalls and legacies”. Raiding a pension could result in a substantial inheritance tax hit
The Times:” Millions could be freed from annuities”. Millions of people who were compelled to buy poor-value annuities may be able to sell back the investments under a radical extension to the pension reforms, details of which may be unveiled in next week’s Budget. They would receive a lump sum which they could invest in the hope of receiving a better return, or divert into paying off a debt.
The Telegraph:” Why your final salary pension cash could be twice as valuable as other people’s”. Swapping your final salary pension scheme for cash has become more attractive because of the new pension freedoms. But some savers are being offered far better deals than others
The Telegraph:” Pension mis-selling: 600,000 retired workers owed compensation”. As the watchdog considers formal compensation arrangements for savers sold inappropriate deals, Katie Morley looks at how much they could be owed in redress
The Telegraph:” Budget 2015: How George Osborne could further improveIsas“. The Government made Isas more flexible last year after a Telegraph campaign. But there’s more to be done
The Telegraph:” Budget 2015: savers must be put at heart of pensions shake-up”. Experts warn that handing all pensioners the freedom to choose how to spend their retirement savings must be matched by adequate levels of protection for savers
The Telegraph:” Pensioner Bond problems: NS&I won’t refund my £10,000 double payment”. Some of the 825,000 savers who have bought the bonds have paid twice and are struggling to get their money back
1. LINKS TO ARTICLES:
We have now provided direct links to the articles referred to in the article. These can be accessed by click on the “To go directly to the article click here” at the end of each article summary
2. REQUIREMENT TO SUBSCRIBE TO SITES:
As some Opus Gold users will be aware, many of the broadsheet newspapers that are traditionally covered in our From the Papers bulletin, are changing (or have changed) their free online access to articles.
Currently the Financial Times and Weekend Financial Times only allows access to view 8 articles a month free, then requiring the user to subscribe to their online service. From 1 July 2010 The Times, Saturday Times and Sunday Times articles are no longer available for free online. Instead a daily or monthly fee will have to be paid to access the articles.
We are aware of the inconvenience this will cause to our users. Unfortunately, due to the stringent copyright rules enforced by the newspapers we are not allowed to copy the articles onto our bulletin to make them available to Opus Gold users, thus our only option is to put a direct link to the article on the newspapers own website.
Although we will continue to produce From the Papers bulletins linking to these articles, users should be aware that access to many will now be blocked unless a personal subscription to the newspapers site is taken.
Once again we apologise for this inconvenience but this is something outside of our control.
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