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....”. Hewson also praised the Australian Prudential Regulation Authority for warning in March that individual directors may be financially accountable for failing to factor in losses from climate change, commenting “that’s shaken them up a lot”. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 08:00:15 PM
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....Some landlords are escaping the tax relief crackdown by investing via a limited company, but this can be expensive for landlords with only a few properties. To make matters worse, the Prudential Regulation Authority is forcing stricter affordability tests. ... [Read full article on Daily Express ]
Wednesday 26th of April 2017 12:01:00 AM
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.... He has issued a written apology for becoming too personally involved in the whistleblowing case, which related to the conduct of Tim Main, who worked with Staley at US bank JP Morgan and was then recruited to Barclays in a senior role last June. Both the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority are investigating the matter. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:37:05 PM
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Latest Finance News related to Prudential

Barclays boss faces shareholder revolt over whistleblowing case image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:37:05 PM
.... He has issued a written apology for becoming too personally involved in the whistleblowing case, which related to the conduct of Tim Main, who worked with Staley at US bank JP Morgan and was then recruited to Barclays in a senior role last June. Both the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority are investigating the matter. ...
Millions rethink their investment plans and move away from buy-to-let property image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....Some landlords are escaping the tax relief crackdown by investing via a limited company, but this can be expensive for landlords with only a few properties. To make matters worse, the Prudential Regulation Authority is forcing stricter affordability tests. ...
Most global investors recognise financial risk of climate change, report finds image
....”. Hewson also praised the Australian Prudential Regulation Authority for warning in March that individual directors may be financially accountable for failing to factor in losses from climate change, commenting “that’s shaken them up a lot”. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
....Staley now faces a significant cut to his bonus, and worse could follow. The Financial Conduct Authority and the Prudential Regulation Authority are investigating him. ...
Credit Suisse bosses slash bonuses 40 percent image
Source : Guardian [Read Article] Friday 14th of April 2017 03:10:01 PM
....”. Thiam, who was previously boss of insurance giant Prudential, said: “Our decision [to cut the bonus pool] reflects the total confidence we have in the progress we are making. ...
Credit Suisse bosses offer to cut their own bonuses by 40% image
Source : BBC [Read Article] Friday 14th of April 2017 01:30:19 AM
....The Swiss bank has posted two straight years of losses but its top 12 executives were awarded 78m Swiss francs ($77m;£62m) in pay this year. Mr Thiam, who used to head insurance giant Prudential, was awarded 12m Swiss francs in total pay in 2016. ...
Barclays whistleblower case sparks calls for more protection image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:59:31 AM
....Jes Staley is being investigated by financial regulators and faces a significant cut to his pay after admitting trying to unmask a whistleblower who made allegations about a long-term associate he had brought to the bank. Public Concern at Work (PCaW), a charity for whistleblowers, said there was “much work to be done” while GoodCorporation said the Barclays saga would be a “real test” for the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority. ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
....We know that Barclays chief executive Jes Staley committed a “serious offence” when he tried to unmask a whistleblower, and that the poor thing will now have to get by on just his basic salary of nearly £10,000 a day when his bonus is slashed as punishment. What we don’t know is if the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority will go further once their investigations are concluded. ...
City regulators investigate Barclays boss Jes Staley image
Source : BBC [Read Article] Monday 10th of April 2017 06:32:38 AM
....He had tried to discover who wrote a whistleblowing letter to the bank. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will investigate his conduct. ...
Are the wheels about to fall off the credit gravy train? image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
.... The Bank of England is concerned that consumer spending is underpinned by rising credit card debt, personal loans and car finance deals. Its financial policy committee (FPC) and Prudential Regulation Authority are checking on banks’ lending to people who may not be able to repay, the impact of that on lenders – especially if interest rates rise – and the availability of credit. ...
Bank of England orders financial firms to draft Brexit contingency plans image
.... Some companies have already unveiled plans to move jobs and operations out of the UK and the Bank is now calling on all those with cross-border activities between the UK and the rest of the EU to report back by 14 July. Sam Woods, the Bank’s deputy governor for prudential regulation and head of the Prudential Regulation Authority, wrote in Friday’s letter: “Many firms are well-advanced in their planning and have engaged closely with the PRA as part of that process. ...
Co-op Bank receives takeover 'proposals' image
Source : BBC [Read Article] Friday 7th of April 2017 08:03:17 AM
....In its latest statement, the Co-op Bank said that, in addition to talks with suitors, it was also in discussions with existing and other potential new investors to raise capital. It added that it continued to discuss both the sale process and capital raising process with the Prudential Regulation Authority (PRA), "which has welcomed the actions being taken". ...
Low interest rates put global financial sector at risk, IMF warns image
Source : Guardian [Read Article] Thursday 6th of April 2017 02:30:06 PM
.... Smaller banks would need to consolidate and policymakers would need to beware of calls for a softer touch regulatory regime. “Prudential frameworks would need to provide incentives to ensure longer-term stability instead of falling prey to demands for deregulation to ease the short-term pain,” the IMF said. ...
The Guardian view on rising personal debt: more prudence please | Editorial image
....From the embers of the 2008 financial crisis, a new regulatory regime emerged and there are some signs that it is now, finally, asserting itself. Andy Haldane, the Bank of England’s chief economist, first sounded the warning about rising consumer credit in 2015, but it was not until last week that the Bank announced that the Prudential Regulation Authority will be reviewing whether lending standards have become too lax, risking macroeconomic financial stability. ...
Fears for state pension: Over-55s believe vital income could be SCRAPPED by Government image
. The majority of older people believe the payment will be reduced and tax relief on pension contributions will also be cut, showed research by pension provider Prudential. ...
Bank still worried about personal lending image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:26:26 AM
...."The FPC judged that underwriting standards should be monitored closely," it said. However another arm of the Bank, the Prudential Regulation Authority (PRA) has already started a review of the quality of new consumer credit lending, the results of which may affect future decision making at the Bank. ...
Sydney property prices rise almost 20% in past 12 months image
Source : Guardian [Read Article] Monday 3rd of April 2017 03:08:56 AM
....“Weaker economic conditions in states reliant on the mining industry, rising underemployment, weak wages growth and less favourable housing market conditions will drive delinquencies higher,” vice president and senior analyst Alena Chen said on Monday. On Friday the banking regulator, the Australian Prudential Regulation Authority (Apra), wrote to major lenders warning them to tighten their lending practices on investor and interest-only loans. ...
Government raises £11.8bn with Bradford & Bingley mortgage sale image
Source : Guardian [Read Article] Friday 31st of March 2017 09:15:51 AM
....8bn package of Bradford & Bingley loans bought by the taxpayer at the height of the financial crisis. The loan book will be sold to the insurer Prudential and US private equity firm Blackstone, after what the Treasury described as “a highly competitive sale process”. ...
UK's borrowing binge is worrying the Bank of England image
Source : Guardian [Read Article] Monday 27th of March 2017 02:29:00 PM
....The Bank’s financial policy committee wants to know whether the increase marks a return to the bad old days when lenders put themselves in jeopardy by making it far too easy to obtain credit. A report into credit quality being conducted by the Prudential Regulation Authority will be the trigger for action if it finds that competition for business has led to a dilution in credit quality. ...
New pound coin: £1 would be worth more than THREE times as much as original counterpart image
....And a spokesman for the British Parking Association said the majority of parking machines will be ready but some older machines may not be able to be upgraded and so new equipment may need to be invested in. New analysis from Prudential highlights the impact of inflation on retirement planning and income since the pound coin was first introduced 34 years ago. ...
Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
....The company is also selling its 47% stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. Fallon’s pay increase came as the total pay of Mike Wells, chief executive of Prudential, dropped 30% to £6. ...
Co-op Bank sale plan attracts suitors image
Source : BBC [Read Article] Friday 24th of March 2017 09:52:14 AM
....The bank was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority (PRA) rules. ...
Unilever is safe, but we need better defences against short-term capitalism image
....Finding a new chief executive will be his professional priority. Tucker, a former pro footballer who is best known in the UK for his lengthy career at insurer Prudential – punctuated by a short stint as finance director of banking group HBOS – should move fast. ...
Charlotte Hogg’s exit raises tough questions for Bank of England | Nils Pratley image
.... They thought “potential, actual or perceived conflict could well arise” and they are surely right. Hogg, in her new post, would have sat on the Prudential Regulation Committee that has day-to-day oversight of Barclays. ...
FTSE 100 slips after Brexit jitters image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:57:01 AM
....On Monday the UK parliament backed the government's Brexit bill, paving the way for formal negotiations to be triggered. However, shares in Prudential rose 2. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....Mr Tucker has been chief executive of AIA for seven years, during which he oversaw the insurer's expansion in Asia. Before AIA, he was the chief executive of insurance giant Prudential, and brings to HSBC his experience at the top of a UK financial giant as well as his Asian exposure. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....The annual report repeated its warning – as it has done for the past three years – “that there are material uncertainties which may cast significant doubt on the bank’s ability to continue as a going concern”. The bank is meeting the capital requirements set out by international regulators but not the requirement specifically tailored by the Bank of England’s Prudential Regulation Authority. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
....It was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. The bank blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority (PRA) rules. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
....1 per cent. Les Cameron, head of technical at pension provider Prudential, said:  “The previous dividend allowance of £5,000 allowed investors to hold around £150,000 of equity-based portfolios tax free. ...
Bank deputy Charlotte Hogg admits breaching guidelines image
Source : BBC [Read Article] Tuesday 7th of March 2017 04:00:30 PM
...." . She said she would ask the Bank's Monetary Policy Committee, Financial Policy Committee and Prudential Regulation Committee, on which she now sits, to review if further steps were needed to manage the potential conflict of interest. ...
Bank of England deputy governor gets warning over conflict of interest image
.... In doing so, she breached Bank of England rules that she helped to write. His role could potentially conflict with her work on the Prudential Regulation Committee, which has direct responsibility for regulating banks including Barclays. ...
Australian housing market crash could lead to broader downturn, OECD warns image
....Australia’s house prices have increased by 250% in real terms since the mid 1990s, with the median house price in Sydney hitting almost $1m at the end of January. The OECD attributed this boom to domestic buyers rather than foreign investment, and recommended government policy should pressure banks to limit mortgage lending for investment properties, and avoid risky loans – echoing 2014 measures already put in place by the Australian Prudential Regulation Authority. ...
Bank deputy Charlotte Hogg 'must avoid conflicts of interest' image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:00:04 AM
....Ms Hogg, who became deputy governor for markets and banking in February, sits on three powerful Bank committees. One of them, the Prudential Regulation Committee (PRC), oversees UK banks. ...
Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage image
...."As a result lenders have restricted the proportion of offers in excess of 4. 5 times income to about 13 per cent, compared to the Prudential Regulation Authority's actual limit of 15 per cent. ...
Were YOU mis-sold your pension? Prudential and Standard Life review annuity sales image
Source : Daily Express [Read Article] Saturday 25th of February 2017 01:13:00 PM
....Standard Life announced it has put aside £175million for compensation and is working with the financial regulator to provide redress. At the same time, Prudential has agreed with the Financial Conduct Authority to look over sales made since 2008 - experts said the firm could end up paying far more out than Standard Life, due to the size of its customer base. ...
Pensioners sold wrong annuities to get thousands in redress image
Source : BBC [Read Article] Friday 24th of February 2017 04:02:11 PM
....Some estimates say that up to 200,000 pensioners - some of whom are unwell - could typically receive £2,000 each. Prudential and Standard Life have agreed to review hundreds of thousands of policies, which go back to July 2008. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
....A remarkable one in four people who plan to retire this year expects to do so in debt, owing an average of £24,300. This is up from one in five last year, according to insurer Prudential’s Class Of 2017 report. ...
One in four UK retirees burdened by unpaid mortgage or other debts image
Source : Guardian [Read Article] Friday 17th of February 2017 06:49:49 AM
....One in four people planning to retire this year will still have a mortgage or other debts to pay off and will typically owe about £24,000, according to an insurer’s report. The Prudential insurance company found the proportion of people who expected to retire in debt this year to be at its highest level for seven years, and that the level had risen to 44% in London. ...
For sale: Co-op Bank looks for buyers image
Source : Guardian [Read Article] Monday 13th of February 2017 08:05:49 AM
....The bank would not put a value on its operations or indicate how much extra funds it needs. The bank is meeting the capital requirements set out by international regulators but not the requirement specifically tailored by the Bank of England’s Prudential Regulation Authority. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
....Although Hogg lacks Shafik’s international connections at organisations such as the International Monetary Fund, the privately-educated, Oxford graduate will wield considerable experience of the domestic financial sector when she takes up her new position at the end of the month. She will sit on the monetary policy committee, the financial policy committee, the Bank’s court of directors and the board of the main City regulator, the Prudential Regulation Authority. ...
UK home to 80% of top-earning European bankers image
Source : Guardian [Read Article] Thursday 2nd of February 2017 11:00:28 AM
....Detail about pay deals for senior fund managers is rarely made public, although there have been some examples. Richard Woolnough, a fixed income bond specialist at Prudential’s fund management arm M&G, received £17. ...
Lloyds bank accounts targeted in huge cybercrime attack image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:20:26 PM
....The money will help boost the National Cyber Security Centre, the new division of the surveillance agency GCHQ created last month. Andrew Tyrie, MP, chair of the Treasury select committee, said that responsibility for reducing cyber threats is shared too widely among a number of bodies, including the Prudential Regulatory Authority, the Financial Conduct Authority and GCHQ, and needs to be simplified. ...
Sir David Clementi: City grandee ready to do the business at the BBC image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:40:51 PM
.... Someone, actually, just like Clementi. The 67-year-old Winchester and Oxford-educated accountant spent 22 years at investment bank Kleinwort Benson, working his way up to chief executive, before going on to serve as chairman of insurance giant Prudential and Sir Richard Branson’s Virgin Money. ...
Sir David Clementi confirmed as new BBC chair image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:53:39 PM
....”. Clementi, the former deputy governor of the Bank of England and chair of Prudential and Virgin Money, published a report in March calling for the BBC to have a unitary board consistent with the model used by large, publicly listed companies. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
....“We have three sources of lending,” he said. “We have a long-term loan with the Prudential that expires in 2026, an overdraft with Barclays that is not enough to manage the day-to-day cash flow of the football club and, to address that, we borrow from JG Funding (a private company) against the TV money. ...
London shares rise to two-month high image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:30:27 PM
GCHQ asked to step up action against cyber-attack threat to financial services image
.... The Bank of England has also listed the threat of cyber-attacks as one of the major risks facing the financial services industry. In his letter Tyrie, a Conservative MP, outlines the responsibility for cyber-threats as being shared between the Bank’s Prudential Regulation Authority (PRA), the Financial Conduct Authority and GCHQ. ...
Citi and JP Morgan top regulators' list of banks posing systemic risk image
Source : Guardian [Read Article] Monday 21st of November 2016 06:44:37 PM
....The banks are unlikely to need to raise more capital as many of them ready hold enough to appease regulatory demands. A list of the globally systemic insurers was also published, which includes Prudential and Aviva. ...
Savings protection limit to go back up to £85,000 image
Source : Guardian [Read Article] Monday 21st of November 2016 12:39:56 PM
....Each country in the EU but not using the euro is obliged to review its limit every five years, but is allowed to make changes in the light of unforeseen events. Following the fall in the pound over the summer, the Bank of England’s Prudential Regulation Authority (PRA) is consulting on plans to bring the limit back up to £85,000, with effect from 30 January 2017. ...
Bank compensation limit to return to £85,000 image
Source : BBC [Read Article] Monday 21st of November 2016 12:25:19 PM
....". The Prudential Regulation Authority (PRA), part of the Bank of England, will now consult on the plan, although the idea has already been approved by the Treasury and the European Commission. ...
How to stop loved ones falling into pensions poverty image
Source : Daily Express [Read Article] Wednesday 5th of October 2016 08:03:00 AM
....Fewer than one in three couples over 40 have taken action to ensure that when they die, their partner will still have a retirement income. One in five have never discussed financial planning for retirement at all and risk ending their years in poverty as a result, according to new research from Prudential. ...
A turning point for India's insurance industry image
Source : BBC [Read Article] Thursday 29th of September 2016 02:18:26 AM
....As one of India's largest insurance firms launches the country's biggest stock market listing in six years, the industry is at a turning point. ICICI Prudential Life's popular share sale puts the spotlight on a sector that has extremely low coverage but huge potential. ...
Forgotten tax is more pain than gain image
Source : Daily Express [Read Article] Wednesday 21st of September 2016 01:40:00 PM
Tax in retirement: Top tips to avoid getting caught in trap image
Source : Daily Express [Read Article] Sunday 21st of August 2016 12:01:00 AM
....You may have given up working but the taxman is still hard at it, rolling up his sleeves and totting up your tax bill. It is a hefty bill, with the average retired household paying just over £7,000 in tax last year, according to Prudential. ...

Prudential's profits driven by Asian demand for insurance
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Source : Telegraph [Read Article] Wednesday 10th of August 2016 12:07:50 PM
...

Richmond Park deer at risk of dying from energy gel packs discarded by cyclists, charity warns
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....He also said cameras in secret locations throughout the park would be introduced to catch and ban riders who ignore the race's anti-littering message. Mr Brasher said: "We have done an enormous amount of messaging through our Love Where You Ride campaign, which calls on riders to take home any rubbish with them from training rides and to use the waste facilities provided throughout the Prudential Ride London event. ...
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Prudential helps FTSE close higher for fifth day in a row image
Source : BBC [Read Article] Wednesday 10th of August 2016 07:43:54 AM
....42 as stronger financial stocks offset weaker energy shares which tracked a slight fall in oil prices. Prudential shares rose 2. ...

Fundraising page of RideLondon cyclist who died during event reaches £45,000
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....". Miss Day wrote: "Uncle Robin, so incredibly proud of your efforts in the Prudential 100 bike ride today in London. ...
How to negotiate the pensions minefield in Brexit Britain image
Source : Guardian [Read Article] Wednesday 27th of July 2016 11:41:14 AM
....“I only had a small personal pension of around £16,000,” she says. With this, she bought a Prudential annuity through investment adviser Hargreaves Lansdown, which pays her £75 a month. ...
INHERITANCE TAX: More families falling into death duty trap image
Source : Daily Express [Read Article] Wednesday 27th of July 2016 08:03:00 AM
. Families are rushing to seek advice from specialist advisers to avoid the hated tax and secure their loved ones’ financial future, according to new research from insurer Prudential. ...
HBOS: City regulation 'outdated and unfair' say MPs image
Source : BBC [Read Article] Monday 25th of July 2016 11:10:25 PM
....". The Treasury said: "Since 2010, we have dismantled the failed tripartite system and put in place a more focused system of judgement-led supervision by the Financial Conduct Authority and Prudential Regulation Authority. ...
Young suffer as pensioners continue to prosper, says IFS image
Source : BBC [Read Article] Monday 18th of July 2016 11:02:12 PM
....Earlier this week research from the Resolution Foundation found that workers born since 1990 typically earned £8,000 less in their twenties than those born in the 1970s. The insurance company Prudential said that people planning to retire in 2016 expect to have an income of £17,700 a year, the highest number they have recorded. ...
Property fund turmoil continues as three more firms cut value image
Source : Guardian [Read Article] Thursday 7th of July 2016 06:42:23 PM
....Others have suspended dealings for longer, starting with Standard Life’s decision on Monday to halt trading in its £2. 9bn commercial property fund, leading to a cascade effect with Aviva, Prudential’s M&G, Henderson, Columbia Threadneedle and Canada Life following suit – taking the total value of property funds suspended to £18bn. ...
More property funds suspended as Brexit tremors continue in the City image
Source : Guardian [Read Article] Wednesday 6th of July 2016 11:29:00 PM
....Funds responsible for investing some £14bn in shopping centres, office blocks and warehouses have now locked out investors following the decision by Henderson, Columbia Threadneedle and Canada Life to suspend dealing on Wednesday after being swamped by investors attempting to redeem their cash. The three made their announcements after Standard Life, Aviva and Prudential’s M&G barred investors from withdrawing their cash earlier in the week. ...
M&G and Aviva suspend property funds following Brexit vote image
Source : BBC [Read Article] Tuesday 5th of July 2016 12:36:54 PM
....Regulators have put such schemes under review amid warnings that commercial property was a key risk to the economy. M&G, part of UK insurer Prudential, said it had seen a "marked increase" in customers trying to pull out of the portfolio - which includes retail and office space - after the referendum result. ...
Market pressure eases after Brexit rout image
Source : BBC [Read Article] Tuesday 28th of June 2016 07:32:45 AM
.... . "Nonetheless, the sight of so many major companies trading at remarkably low multiples, such as Next and Prudential on 10 times earnings, and the juicy dividend yields on offer, has clearly been too much for some investors to resist. ...
Brexit: Asian shares fall sharply as UK votes to leave EU image
Source : BBC [Read Article] Friday 24th of June 2016 05:43:07 AM
....It's the same all over Asia. Shares sensitive to what goes on in the British economy and that are listed in London and in HK like Standard Chartered Bank, HSBC, Prudential and Glencore all taking a hit as investors sell, sell, sell and pour their money into traditional safe bets like gold. ...
Bank of England in preparations for potential Brexit image
Source : Guardian [Read Article] Sunday 5th of June 2016 02:44:02 PM
.... Any banks thought to be in difficulties through no fault of their own will be able to tap unlimited quantities of cash provided by the Bank – and even those in good shape will be able to access the special funding. Through the Bank’s regulation arm, the Prudential Regulation Authority, Carney is being kept abreast of plans by the big lenders to ensure they are prepared for the consequences of a Brexit vote. ...
Working till you drop: Five-minute guide to the chaining face of retirement image
.... To add to the financial pressure, more and more retired people are spending their wealth helping children and grandchildren get on in life. Stan Russell, retirement income expert at Prudential, says: “The pressure on retirees to provide this financial support continues to rise in line with the growth in the cost of housing, education and childcare. ...
Why fear inheritance tax? Your cash will all be gone image
Source : Guardian [Read Article] Saturday 4th of June 2016 06:00:02 AM
....Two of the most enduring myths in personal finance are that (a) people work their guts out to pay for a home that jumps in value to hundreds of thousands of pounds and (b) that the nasty taxman will, when they die, snatch the money they wanted to leave to the kids. A report from Prudential this week explodes that second myth comprehensively. ...
How long does it take for workers to earn their first £1million? image
Source : Daily Express [Read Article] Wednesday 25th of May 2016 11:45:00 AM
. It will take an average 28 years for today's 18-year-olds to have finally banked six figures, found pension provider Prudential. ...

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