Latest News:


Pension Contributions Hit All Time High – But is it Enough?

Workplace pension contributions hit an all time in 2016, thanks largely to millions of employers signing up to auto enrolment,

But the Association of British Insurers (ABI) has warned that minimum contributions must rise if UK workers want to retire comfortably.

Find out more at IronMarketAE.

BoE Hints at Rate Rise

In August the Bank of England’s (BoE) Monetary Policy Committee (MPC) voted for no rise in the base rate of interest.

But it hasn’t taken long for the rumour mill to start turning again.

Read more and find out if a rise is likely at IronmarketIM.

 

 

 

UK Topples in Buy-to-Let Rankings

The UK has been knocked of its perch as a prime location for buy-to-let investments.

Landlords have seen a 19% decrease in rental yields over the past year, thanks to changes to tax legislation, according to research by payments specialist WorldFirst.

A fall in yields from 4.91% to 4% yields has seen the UK drop ten places in the European buy-to-let rankings to 25th place.

Read more at IronmarketIM.

Government’s Green Light for Investment Group

A new group set to look at encouraging green finance in the UK.

The government has appointed leading lights from the City of London to work with investors and banks on boosting investment in the low-carbon economy.

Former lord mayor of London Sir Roger Glifford has been appointed to chair the group, which will look at ways of ensuring future infrastructure investment is environmentally sustainable.

Read more at IronMarketIM.com

 

Fore! Inaugural Golf Day is Hole in One

Fair weather at Newcastle-under-Lyme Golf Club

The IronMarket Group’s inaugural golf day tee’d off at Newcastle-under-Lyne Golf Club on Friday.

The friendly event saw teams of IronMarket colleagues and clients go head to head over 18 holes for the chance to be crowned IronMarket Master 2017.

Now watch this drive…

Ironmarket’s Alan Parr tees off.

Taking victory on the day was IronMarket client Simon Collins, with Newcastle-under-Lyme golfer Pete Salt and Steve Myers of Myers & Co Solicitors taking second and third place respectively.

Team victors were the Iron Men, made up of IronMarket’s very own Wes Wilkes and Tom Biggar, along with clients Paul Bunn and Simon Collins, who also won Longest Drive title.

The victorious Iron Men.

Property developer Guy Cheema was nearest the pin in one.

IronMarket Group Director Wes Wilkes said:  “Our first annual golf day was a great way to thank both colleagues and clients for contributing to IronMarket’s huge success over its first year.

“We were blessed with great company and great weather and we look forward to the event becoming a firm fixture on the company calendar for years to come.”

Director Wes Wilkes to the tee…

Pound Rallies Against Dollar

The pound has rallied against the US dollar, reaching its highest level since the Brexit referendum.

The news comes as senior Bank of England (BoE) officials hint at a possible rise in base rate in coming months.

Read more at IronMarketFP.

 

Hacked! UK Consumers Hit by Equifax Breach

A data breach at leading credit report provider Equifax could have affected 400,000 people in the UK.

The site was hacked in July, but Equifax kept the leak secret until September.

It said hackers were able to access names, dates of birth, email addresses and telephone numbers but not postal addresses, passwords or financial information.

Find out more at IronMarketFP.

Return of the Lifetime Mortgage?

The FCA put a stop to lifetime mortgages way back in 2014. Are they about to make a comeback?

Read More at IronMarketFP.

Pensions Regulator Visits Wales

The Pensions Regulator (TPR) continues its crackdown on non-compliant business – this time with spot checks in Wales.

Following similar visits in London, Birmingham, Sheffield, Glasgow and other major UK cities, the regulator said is to visit business in South Wales to make sure they are ready for auto enrolment.

The team will visit employers in the vale of Cardiff, Newport, Glamorgan, Rhondda Cynon Taf, as part of its nationwide campaign.

Read more at IronMarketAE.

Return of the Lifetime Mortgage

How does the prospect of being saddled with a mortgage forever sound?

This could become a reality for many would-be homeowners as the Financial Conduct Authority (FCA) begins a consultation on reintroducing retirement interest-only mortgages.

These are typically held until the borrower’s death or until they move into a residential home, when the property is sold to repay the loan. Until then, the mortgage holder only makes interest repayments.

Visit IronMarketFP to find out why the lifetime mortgage could be poised to make a comeback.


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