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Alex Cheema, Chartered Financial Adviser
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Trusted, Local, Quality Financial Advice
Trusted, Local, Quality Financial Advice

37 followers
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Government delays new cap on pension exit charges

A 1% cap on charges from April next year is delayed by 6 months for some schemes.

Currently, those saving for retirement in personal and workplace pensions can face hefty exit penalties if they draw on their funds before their plan is due to mature. The penalties, which can be as high as 30 per cent of the fund, were typical on policies set up in the 1980s and 1990s. #wyeth #pfizer #adobe #Concur
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Donald Trump wins historic US election victory.

Global financial markets are rattled but resilient, with stocks and the Mexican peso sliding, after Donald Trump won the race for the White House. Nervous investors are piling in to supposed haven assets, boosting the Japanese yen and gold. #Trump #Tescobank #Aegon #uselection2016
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Falling gilts price help shrink UK pension deficit

In the UK, there are currently 4,797 schemes in deficit and 1,148 schemes in surplus. Rising UK bond yields have helped shrink Britain’s ballooning pension fund deficit in October, providing a “reprieve” for a sector that has been facing record funding pressures of late. The October figures were “a welcome gain” but we are still under the threat of hard Brexit and coming US election. #electionday2016 #mondaymotivation #yum #hillaryclinton #donaldtrump #dell #Tesco #Aegon
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Tenants in UK face a steep rise in #rent during the next five years as a government campaign against buy-to-let investing. London tennats face a 25 per cent increase to their rents while renters elsewhere in the country are faced with a predicted 19 per cent rise.
#Fridayfeeling #fridaynight #yum #dinner
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UK construction sector lays foundations for steady quarter

Activity in the UK construction sector continued to expand in October, defying expectations that the pace of growth would slow. A new survey from Nationwide showed UK house price growth stalling in October for the first time in 15 months, undershooting expectations of another steady increase.
#rent #construction #Maidenhead #shopping #cooking
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London living wage increased to £9.75 an hour. About 3000 companies have pledged to abide by voluntary pay rates.
#LivingWageWeek #dreamhome
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GSK stresses ‘confidence’ as revenues beat expectations

GlaxoSmithKline’s recovery continued in the third quarter as the UK’s largest pharmaceuticals company beat expectations with an 8 per cent increase in revenues. Group sales rose 8 per cent at constant exchange rates to £7.54bn, ahead of analysts’ consensus expectation of £7.27bn.

#Financialadvisor #OldBrayFinancial #business #Maidenhead #GSK #Corporateevents
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SAP boosted by UK software sales after Brexit vote

UK sales growth helps company to post 8% gain in global revenue. SAP shares were up 2.6 per cent in Frankfurt trading, pushing their year-to-date gain to 10.5 per cent.
#Business #Maidenhead #Berkshire #SAP
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UK house prices climb 8.4% in a year

Average house prices in the UK increased by 8.4 per cent in the year to August 2016, continuing the strong growth since the end of 2013. The pace of growth picked up slightly from 8 per cent in the year to July, according to the Office for National Statistics. The average UK house price was £219,000 in August, £17,000 higher than a year earlier and £3,000 higher than in July.
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