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Why are our pensions in crisis?

Huge deficits mean around 600 pension funds are certain to collapse in the next decade, according to the Pensions Institute at Cass Business School. It says another 400 are also at risk. These funds have combined deficits of around £45 billion, a figure which could potentially overwhelm the PPF rescue fund.

Britain’s blue chips are dishing out billions more in dividends to shareholders despite a crisis in their pension funds. One investment group analysis shows that 54 companies in the FTSE 100 index have handed out £48billion to investors in the last two years despite having a £52 billion pension black hole.

Another commentator said that insufficient contributions to pension funds could leave companies with hefty liabilities which could drag on future performance and, ultimately, lead to staff receiving lower pensions if the business runs in to difficulties and enters administration.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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A guide to buying a house in Switzerland

Picturesque and stunning in equal measure, moving to Switzerland is the ideal scenario for many of those looking to leave their home country. From the gorgeous Lake Geneva to the historically fetching architecture of Zurich and Basel, there’s plenty to admire about Switzerland; and that’s even before touching on its skiing resorts and snow-capped peaks. […]

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Brexit could have a significant impact on Gibraltar

GibraltarAt the beginning of March 2017, a report titled “Brexit: Gibraltar” was published by the House of lords EU Select Committee. The purpose of the report was to make sure UK Government does not forget about Gibraltar during negotiations for an exit deal, ensuring its voice is heard.

The potential issues facing Gibraltar are felt to be so concerning that a debate on the report was held on March 21 in the House of Lords. The Chief Minister of Gibraltar, Fabian Picardo, attended the debate. At the session Baroness Goldie stated that the economic bonds between the UK and Gibraltar would be maintained and strengthened after Brexit, and Picardo said this was “deeply important” for Gibraltar.

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