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Enhanced Annuities

So many professional connections have commented on our weekly ENHANCED ANNUITY results that we have now decided to give you a running progress report. Last week we managed to secure an ADDITIONAL 30% income for life for a client. This increase was going to be difficult to better, but this week we got a client…

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Graham D Petrie

We have to sadly announce the passing of Graham who passed peacefully and painlessly away on the 1st June 2013 with wife Betty and son Matthew by his side. Graham was a founding Partner of Petrie & Petrie. His wealth of experience and jovial nature will be sadly missed by all who knew him. Matthew…

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Finance lessons in schools from 2014

School children will start learning about tax, debt and money management in schools from September 2014. Compulsory education about personal finance issues has been included in the draft national curriculum for England for the first time. Topics including wages and financial risk will be taught in citizenship classes for 11 to 16-year-olds. They will also…

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Pensions ‘liberation’ scam tops £400m

The pensions regulator says individuals have given illegal “pension liberation” schemes an estimated £400m since 2008. The schemes offer to give people early access to their pension funds. They involve transferring the pension pot from a legitimate scheme to one set up by the “pension liberation” company. But Bill Galvin, chief executive of the Pensions…

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Consumers urged to shop around for best annuity

The Financial Services Authority (FSA) recently announced it is to conduct a ‘thematic’ review into the way annuity products are sold to ensure consumers are receiving the correct level of encouragement to ‘shop around’ for the best deal. The regulator had previously expressed concerns at the effects of consumers failing to shop around, particularly with…

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ISA interest rates hit new record low

The average interest rate being offered by a cash Isa (individual savings account) is now just 1.74%, according to Moneyfacts. A year ago, the average was 2.55%, but it has fallen because banks and building societies now have access to cheap money via the Bank of England’s Funding for Lending Scheme. FLS was launched last…