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Latest Labour Market Statistics
The latest labour market statistics for the period March to May 2017 showed a 175,000 rise in employment and 64,000 fall in unemployment.Read more >
7 Aug 2017
Charities bound by new Fundraising Preference Service
A new service is now available for individuals who want to limit the contact they receive from charities. The Fundraising Preference Service...Read more >
4 Aug 2017
Queen’s Speech and proposed legislation
The Queen delivered the 2017 Queen’s Speech on 21 June which set out the government’s agenda for the coming parliamentary sessio...Read more >
14 Jul 2017
Solihull Chamber News Column - 24th August 2017
The Chamber’s Quarterly Business Report (QBR) always highlights some interesting information on what is happening in the business worl...Read more >
24 Aug 2017
Solihull Chamber News Column - 10th august 2017
As Brexit becomes a reality, the Chamber of Commerce’s International Hub is stepping up its drive to encourage and help businesses to ...Read more >
10 Aug 2017
Solihull Chamber News Column - 20th July 2017
I read recently that the amount of cyber-attacks targeting businesses has increased by more than half in the second quarter of 2017, accordi...Read more >
20 Jul 2017
Contact Prime Today
To arrange a pension review, please contact us for a free initial meeting.Please Email Us >
A good pension still remains the most tax efficient way of accumulating wealth for retirement. In addition the rules governing annuity purchase have been relaxed; opening up the possibility that upon death, an individual’s residual pension fund could pass into the pension funds of their children. This will remove a major obstacle to pension provision for many people.
Insured Pension Plans used to be poor value for money. However, modern Stakeholder charged plans are excellent value and free of the contractual early surrender penalties that can trap people into poor performing ‘old style’ plans.
Unfortunately, these old style plans still exist meaning that many people could benefit from switching to a lower cost Stakeholder Pension. In addition, the rationalisation of the pension industry continues apace, with possibly only a few companies remaining in the battle for market share. This will leave an increasing number of funds ‘closed to new business’ and therefore at risk of long term under performance.
Never before has there been a greater need to review your existing pension arrangements, enabling you to plan effectively for your future.
National Employment Savings Trust
Millions of workers are making little or no provision for their retirement whilst the cost of the State Pension Scheme is forecast to soar to unaffordable levels. To help to defuse this situation, the Government is introducing compulsory workplace pension provision.
Implemented in phases from October 2012, by 2016 each employee will be enjoying a pension contribution of 8% of pay of which employers must contribute a minimum of 3%.
The default pension scheme is called NEST, a Government led initiative into which all employees must enrol unless their employer offers an alternative qualifying workplace scheme. Please contact Prime for more information about NEST and alternative employers' pension schemes.
Call Prime Today - we're here to help
Contact Prime to arrange a pension review or to discuss their latest pension offering.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468