Latest News from Forbes Solicitors

Financial Services

Pension Changes 2015

26 Mar 2015

The government are making a number of changes to the way you can access your pension from April 2015. Anyone with a 'defined contribution' pension will have more choice and flexibility from the age of 55, with freedom to take your pension to suit your own circumstances. Your options…

Forbes Voted Best Legal Company For Second Year Running

08 Nov 2013

Forbes Solicitors triumphed at the Lancashire Business Awards to walk away as Best Legal Company for the second year running. The awards, organised by business lobbying group Downtown Lancashire in Business and held at Stanley House Hotel, honour the most successful entrepreneurs and high growth…

ECJ Ruling on Annuity Pensions

01 Mar 2011

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…

Protection of Cash Balances Increased to £85,000.

17 Jan 2011

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…

Pension Warning

06 Jul 2010

With the government planning to speed up plans to raise the age at which the state pension can be claimed, Forbes Solicitors is warning people to start thinking about saving for the future. The state pension age for men will become 66, possibly as early as 2016 and women will move to a state…

Mortgage fees go through the roof

30 Jun 2008

Forbes Solicitors is warning anyone looking at re-mortgaging or buying a property for the first time to fully calculate their finances to avoid being caught out by increasing fee charges. In the autumn of 2006 only a handful of fixed mortgage products came with an application fee of £750 or…

Credit crunch effect on mortgages

23 Apr 2008

"The so called "Credit Crunch" is making borrowers pay more attention to their mortgage" advises Peter Toner of Forbes Solicitors Financial Services Department. Here he offers some useful tips to borrowers who are looking to find a good deal. 1. Build Up A Deposit The days of 125% loans are now…

Fixed-rate fallout

28 Mar 2008

In 2003 around 340,000 borrowers took out 5 year fixed-rate mortgages. It is estimated that they will face a combined bill increase of over one billion pounds this year. Peter Toner, Independent Financial Adviser with Forbes Solicitors says. 'Traditionally around a third of borrowers either stick with…

Year-End Tax Planning

28 Mar 2008

With only a few days left until the end of the tax year, here are some things you might like to think about doing before 6 April. This is not by any means comprehensive, but lists some of the more straightforward things you can do. Income Tax · Consider maximising your investment in your ISA…

The clock is ticking on ISA deadline

12 Mar 2008

The last opportunity to use this tax year's individual savings account (ISA) allowance is fast approaching, warns the Financial Services team at Forbes Solicitors. The 5th April 2008 is the deadline so individuals now have only a matter of weeks to make the most of their annual allowance. Peter Toner,…

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Financial Services

NEWS AND ARTICLES

State pension to start at age 70?

Having previously been ruled out, reductions in tax relief for pension contributions are once again being…

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