Archived Legal Articles from 2011

Financial Services


Financial Services Update


Riding market volatility There were widespread predictions before the recent stock market decline that the economic problems in the US and the Eurozone would impact share and bond prices. So should private investors have been switching their investments into cash? In most cases the answer will be "…

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Key Changes following the Chancellor's Budget


Income Tax From 6 April 2011, as previously announced, the Personal Allowance for those aged less than 65 will increase by £1,000 to £7,475 and so that higher rate tax payers do not benefit from this increase the basic rate limit will be reduced to £35,000. The Chancellor has…

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ECJ Ruling on Annuity Pensions


Today the European Court of Justice (ECJ) has ruled that men and women cannot be charged different insurance premiums because of their gender. This decision has also affected the cost of buying an annuity pension. According to the ECJ 'taking the gender of the insured individual account as a risk…

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Pension Reminder


Pension Reminder The Pensions minister Steve Webb recently revealed that more than 2 million Britons who are already over 50 are expected to reach their 100th birthday. He added that 5.5 million Britons aged between 16 and 50 should also live to be a 100 whilst figures from the Department for Works and…

Protection of Cash Balances Increased to £85,000.


The level of protection for cash deposit balances have recently increased from £50,000 up to £85,000 under the Financial Services Compensation Scheme (FSCS) The increased limit came into effect on the 31st December 2010 and is per individual, per institution. Further amounts might be repaid…

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