Our Spring Newsletter Update covers the period from July to September 2023. Following a robust first half of the year, financial markets relinquished some of their gains during the third quarter, with a continued focus on inflation, interest rate expectations, and the...
Investors who had transferred their UK Pensions into the Kiwi Wealth Super Scheme have been advised this week that the scheme is closed to new members from 4 October and will wind-up effective 31 December 2023. Fisher Funds which now owns the Kiwi Wealth funds stated...
In the current quarterly update, we delve into the following topics: As the global struggle against inflation intensifies, resulting in elevated interest rates, the economic panorama has grown notably intricate. Many regions are encountering a deceleration in growth,...
As the world moves towards post-Covid recovery, the focus is shifting towards combating inflation and ensuring economic resilience. Central banks are facing a delicate balancing act between addressing inflationary pressures while avoiding pushing their economies into...
On the 15th March 2023 the Chancellor announced that the Lifetime Allowance (LTA) on UK pension funds will be abolished from April 2024. The Lifetime Allowance tax charge has been removed from the 6th April 2023. The Chancellor also announced an increase in the Annual...
Legislation in the UK will be introduced in the Finance Bill 2021-22 to provide a framework of protections and increase the normal minimum pension age (NMPA) from age 55 to 57 from 6 April 2028. This measure would increase the NMPA, which is the minimum age at which...
From 30 November 2021 the UK Pension Regulator is requiring UK pension trustees and scheme managers ensure specific checks are made before complying with a member’s request to transfer their pension. Specifically pension members who wish to transfer their...
The 2021 Retirement Expenditure Guideline study undertaken by Massey University is designed to assist pre-retirement New Zealanders make financial plans for retirement. The report says the average retired household continues to spend in excess of NZ Superannuation,...
Immigrants to New Zealand and returning Kiwis who have spent a large portion of their working lives overseas will have to wait longer to qualify for NZ Superannuation. The New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill 2021 changes...
In 2016 the UK Financial Conduct Authority (FCA) made it compulsory when transferring a Defined Benefit scheme with a transfer value of over £30,000 to obtain advice from a FCA regulated adviser prior to transfer. In order to give this advice the FCA adviser needs to...
