Company News
29th Jan 2010 - Director wins National Award ..Again!
For the second year running Ralph Zoing of Marshall Zoing Ltd, Harrogate based Wealth Managers, successfully predicted the world’s best and worst performing markets in a national competition run by F&C Investments annually. Back in January 2009, at the F&C investment conference held at Rudding Park, and with the world seemingly stood at the edge of a financial precipice, Zoing accurately predicted what looked then to be an extremely unlikely turnaround for financial markets. He pinpointed Global Emerging Markets as the likely top performer of the year and suggested that Japan would be the worst performer of 2009. These predictions followed his successful nomination of Japanese outperformance in 2008. Of all the competition entrants, Zoing prediction skills have again proven to be the most accurate – To win the competition once is impressive, but to do it again proves that it was not a fluke. It is an especially impressive feat given that we’ve just been through one of the most turbulent financial episodes in history. What are Marshall Zoing predicting this year?
25th Jan 2010 - Taking More From High Earners
In the 2009 Budget, Chancellor Alastair Darling announced measures that could hit anybody who earns more than £100,000. From April 2010, changes to the personal allowance, in conjunction with the introduction of a new higher rate tax band, are likely to cost even those near the bottom of these earnings levels an extra £2,500 a year. Furthermore, these measures were accompanied by a move to limit maximum pension contributions, which could add to the impact for those earning more than £130,000.
Targeting high earners
The measures are designed to see those who earn more contribute more to the repayment of the UK’s extraordinary debt levels. They include:
- a reduction in the personal income tax allowance for those earning more than £100,000;
- a new 50% income tax band (from April 2011) for those earning more than £150,000; and
- limitations on the tax rebates available on pension contributions.
Taken together, these measures mean high earners need to start thinking now about how to mitigate some of their impact. There are a number of things that can be done to help but, with time running short, you should start thinking now to make the most of this opportunity.
Getting help
If you would like to find out more about the measures and start making plans to limit their effects, we can help. Whether it is through pension planning, investment advice or simply assessing your salary level and tax position, we will take a close look at your financial situation and recommend solutions tailored entirely to your needs.
BBC News
12th Mar 2010 - BA union announces strike dates
BA cabin crew will go on strike for three days from 20 March and for four days from 27 March in a dispute over pay and staff levels.
12th Mar 2010 - Vauxhall gets UK loans guarantee
The UK announces a 300m-euro (£270m) loan guarantee for Vauxhall and Opel, the European arm of General Motors.
13th Mar 2010 - Lloyds aids mortgage overpayments
UK mortgage lender Lloyds Banking Group is encouraging borrowers to pay off up to 20% of their mortgages early.
13th Mar 2010 - Interns 'exploited by employers'
The TUC is claiming that young people are being exploited by employers through internships in which they do not get paid.
12th Mar 2010 - Trichet backs new bail-out fund
The head of the European Central Bank gives his tentative support to a bail-out fund to bolster the eurozone's financial stability.
© BBC 2010
FT Business News
12th Mar 2010 - Former Tube chief in line for London return
London Underground's former managing director could be set to make a return to the capital as head of one of the private contractors he strongly criticised while in office
12th Mar 2010 - BAE loses to US in £1bn army 'Scout' race
The British army's next generation of "Scout" armoured vehicles is expected to be built by General Dynamics of the US in a contract worth more than £1bn
© The Financial Times Ltd 2010
FT Financial Services News
12th Mar 2010 - Wary Pru investors warm to Asia plan
Tidjane Thiam, chief executive of Prudential, has achieved some success in his efforts to convince sceptical shareholders of the merits of his $35bn acquisition of AIG's Asian businesses
12th Mar 2010 - KKR files plans for $2.2bn float
Listing allows firm, founded by cousins Henry Kravis and George Roberts, to match their great rival Blackstone, which completed its IPO at the top of the market in 2007
© The Financial Times Ltd 2010
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