In his 2012 Autumn Statement today the Chancellor of the Exchequer announced changes to the pensions tax regime - again! The majority of these changes will take effect from 6 April 2014. The position will be clarified further when enabling draft legislation is published next week.

There has been considerable confusion and unfortunately - in some cases - misinformation circulated by those with vested interests regarding the proposed changes to the regime for Qualifying Recognised Overseas Pension Schemes (QROPS), announced by HMRC on 6 December 2012. There have been varied reactions regarding the prospects for schemes that may lose QROPS status as well...... Read more

A good month for our portfolios! Our portfolios continue to perform well despite the downturn in the market. The returns on our UK Equity, Overseas Equity and Bond Portfolios over the last month were 3.1%, 6% and 1.7% respectively.