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, April 07, 2014
ARTICLES
Financial Times:” Beware snag in annuity ‘cool off’ periods”. Pensioners taking advantage of extended annuity ‘cooling off’ periods following the reforms in the Budget could end up with a lower retirement income due to a hidden snag in pension rules, experts have warned.
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Financial Times:” Pension firms cautious on final-salary transfers”. Final-salary scheme members looking to take advantage of pension freedoms introduced in the Budget face a struggle, with insurers reluctant to accept unadvised transfers amid concerns of a fresh mis-selling scandal.
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Financial Times:” Pension pioneer spreading his wings”. It took UK financial regulators 40 years to discover what Andy Bell worked out in a few weeks. At the end of March, the Financial Conduct Authority shocked the market by announcing that it was reviewing whether ‘zombie’ insurance investments sold from the 1970s to 2000 were fit for purpose. Generally, they had high fees and low returns, being driven by commission-based sales forces.
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The Times:“Pension top-up boost for retirement income”. About 13m can benefit from a state offer that’s good value for money
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The Times:“Your (absolutely) last minute guide to Isas”. Some virtuous readers will have heeded our warning last week that D-day for individual savings accounts (Isas) was only seven days away, but many will have left it on their to-do list.
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The Times:“How to benefit from a state pension top-up”. Steve Webb, the Pensions Minister, has introduced a state pension top-up designed to allow pensioners and those close to pension age to boost their retirement incomes
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The Telegraph:“The desperate tactics being used to avoid inheritance tax”. With the inheritance tax threshold frozen, families are resorting to more desperate measures to avoid death duty
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The Telegraph:” Pension savers to be shielded from higher care costs”. Ministers are working on legislation to ensure that any money drawn down from pension pots does not count towards the means test for social care
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The Telegraph:” Inheritance tax take to reach 1970s level”. Families will pay more death duties by 2018 than at any point since the high-tax era of the 1970s, the Institute for Fiscal Studies has calculated
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HELPFUL HINTS
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.
QUICK LINKS
FINANCIAL TIMES, TIMES + SUNDAY TIMES, TELEGRAPH + SUNDAY TELEGRAPH, GUARDIAN + GUARDIAN WEEKLY + MONEY OBSERVER + OBSERVER, INDEPENDENT + INDEPENDENT ON SUNDAY, SCOTSMAN + SCOTLAND ON SUNDAY + EDINBURGH EVENING NEWS, DAILY MAIL + MAIL ON SUNDAY + (LONDON) EVENING STANDARD + THIS IS MONEY.
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