Fairey News - 2015
MAY ARTICLES
A tribute to Kim Lemmon
It is with deep regret that we announce that Kim Lemmon passed away on 26 May 2015. Kim worked with us at Fairey Associates from 2013 to 2014 and unfortunately had to leave her role with us due to ill heath.
Kim was a wonderful person to work with and we are all saddened by the news. Our sympathies are now with her partner and her son. She will be remembered fondly by all who knew her and Fairey Associates will be making a donation to her chosen Charities, Addenbrooke's Kidney Patients Association and Great Ormond Street Hospital.
It is with deep regret that we announce that Kim Lemmon passed away on 26 May 2015. Kim worked with us at Fairey Associates from 2013 to 2014 and unfortunately had to leave her role with us due to ill heath.
Kim was a wonderful person to work with and we are all saddened by the news. Our sympathies are now with her partner and her son. She will be remembered fondly by all who knew her and Fairey Associates will be making a donation to her chosen Charities, Addenbrooke's Kidney Patients Association and Great Ormond Street Hospital.
Fit for FAD
So a month in to the brave new world of flexible pensions many are beginning to see the wood for the trees but there are still some commonly held misconceptions:
· At present not all pensions will allow the new 'freedom & choice' potentially leading to disappointment in terms of access
· There's no obligation, on pension providers to offer the new freedoms at all. Many won't support the full flexibility the new law allows
· This means if they want to access the new freedoms many savers will have no option but to transfer to a modern pension capable of providing the full flexibility
· The full flexibility and inheritability of pensions is only available to savers’ families where the inherited pension is Flexi Access Drawdown (FAD) enabled
· Annuities remain the only way to guarantee income for life and remain a bedrock of financial planning
Many people have been saving towards retirement for years across a variety of pension contracts. These will have been designed with a very different retirement journey in mind compared to the new flexible world, largely based around buying an annuity to provide a predictable lifetime income.
The default annuity purchase option is now a thing of the past and savers can now demand greater choice and freedom over how they use their pension fund to provide for them in retirement – and create a legacy for their loved ones when they're gone.
To find out more please click here.
So a month in to the brave new world of flexible pensions many are beginning to see the wood for the trees but there are still some commonly held misconceptions:
· At present not all pensions will allow the new 'freedom & choice' potentially leading to disappointment in terms of access
· There's no obligation, on pension providers to offer the new freedoms at all. Many won't support the full flexibility the new law allows
· This means if they want to access the new freedoms many savers will have no option but to transfer to a modern pension capable of providing the full flexibility
· The full flexibility and inheritability of pensions is only available to savers’ families where the inherited pension is Flexi Access Drawdown (FAD) enabled
· Annuities remain the only way to guarantee income for life and remain a bedrock of financial planning
Many people have been saving towards retirement for years across a variety of pension contracts. These will have been designed with a very different retirement journey in mind compared to the new flexible world, largely based around buying an annuity to provide a predictable lifetime income.
The default annuity purchase option is now a thing of the past and savers can now demand greater choice and freedom over how they use their pension fund to provide for them in retirement – and create a legacy for their loved ones when they're gone.
To find out more please click here.
Please note our new address
Fairey Associates Ltd will be moving to new premises this weekend. Thankfully we are not moving far and indeed our address will not change dramatically, so for those of you who have visited us before, you will still be able to find us as we will be just the other side of the car park.
Our official new address with effect from Monday 11 May 2015 will be,
1st Floor
Alexandra House
36A Church Street
Great Baddow
Chelmsford
Essex
CM2 7HY
Our phone and fax numbers will remain the same, and we will be operational from 9.00am on Monday.
Fairey Associates Ltd will be moving to new premises this weekend. Thankfully we are not moving far and indeed our address will not change dramatically, so for those of you who have visited us before, you will still be able to find us as we will be just the other side of the car park.
Our official new address with effect from Monday 11 May 2015 will be,
1st Floor
Alexandra House
36A Church Street
Great Baddow
Chelmsford
Essex
CM2 7HY
Our phone and fax numbers will remain the same, and we will be operational from 9.00am on Monday.
Fit for the Brentwood Race for Life
The date is fast approaching for our 2 fit Fairies to take part in this year’s Race for Life in aid of Cancer Research. Lauren Long and Jo Rose will be taking part in the Brentwood 10k event and hope to raise £300.
If you would like to make a donation, please visit their Just Giving page by clicking here.
The date is fast approaching for our 2 fit Fairies to take part in this year’s Race for Life in aid of Cancer Research. Lauren Long and Jo Rose will be taking part in the Brentwood 10k event and hope to raise £300.
If you would like to make a donation, please visit their Just Giving page by clicking here.
MARCH ARTICLES
Budget 2015 - what it means to you
The Chancellor's final Budget before the election didn't contain anything which will have an immediate impact, however pension freedom and choice will go ahead as expected, turning conventional wisdom on how to take retirement income on its head and placing advice firmly at the heart of successful use of the new flexibility.
Further changes in the pipeline will be of interest from autumn 2015 onwards:
The Chancellor's final Budget before the election didn't contain anything which will have an immediate impact, however pension freedom and choice will go ahead as expected, turning conventional wisdom on how to take retirement income on its head and placing advice firmly at the heart of successful use of the new flexibility.
Further changes in the pipeline will be of interest from autumn 2015 onwards:
- Pensions lifetime allowance to be cut to £1m from April 2016.
- Existing annuity holders may be able to part-ex their annuity.
- Introduction of a new personal savings allowance.
- Dipping into cash ISAs won't affect subscription limits.
- Help to buy ISA to be introduced to help first time home buyers.
- Consultation on the continued use of Deed of Variation to save IHT
JANUARY ARTICLES
10 Good reasons to pay into a pension before April
There is less than three months to go before the new pension freedom becomes reality. With the legislation now in place, the run up to April is time to start planning in earnest to ensure you make the most of your savings.
Where affordable, making pension contributions has always made financial sense but in the current climate, there are even more reasons. Click here to read more.
There is less than three months to go before the new pension freedom becomes reality. With the legislation now in place, the run up to April is time to start planning in earnest to ensure you make the most of your savings.
Where affordable, making pension contributions has always made financial sense but in the current climate, there are even more reasons. Click here to read more.
Our retirement workshops were a great success
We recently ran a number of workshops in our London and Chelmsford offices and the feedback we had from the attendees was really positive. Here's what people had to say...
We recently ran a number of workshops in our London and Chelmsford offices and the feedback we had from the attendees was really positive. Here's what people had to say...
"The
pension seminar was very useful, I learnt a lot. Thanks for the invite"
"A good
introduction, useful background information"
"Enjoyed
the presentation"
"Yes
indeed I found the workshop very interesting and worthwhile"
If
you missed out on these workshops, fear not as we are planning to run more in
March. If you would like to attend, please register your interest by clicking here.
The Fit Fairies (AKA Lauren & Jo) enter this year's Brentwood Race for Life
Determined to get in (even better) shape for the new year, Lauren and Jo have teamed up to take on the challenge of the Brentwood 10K Race for Life on 30 May 2015.
The girls would like to raise £300 for Cancer Research and would be grateful for any donations. You can visit their Just Giving page by clicking here.
Determined to get in (even better) shape for the new year, Lauren and Jo have teamed up to take on the challenge of the Brentwood 10K Race for Life on 30 May 2015.
The girls would like to raise £300 for Cancer Research and would be grateful for any donations. You can visit their Just Giving page by clicking here.
Fairey News - 2014
DECEMBER ARTICLES
The Autumn Statement - what it means for you
There were no surprises in George Osborne's Autumn Statement, at least nothing to match the pension changes from earlier in the year! However, the most exciting announcement related to the ever popular ISA... Click here to read more...
There were no surprises in George Osborne's Autumn Statement, at least nothing to match the pension changes from earlier in the year! However, the most exciting announcement related to the ever popular ISA... Click here to read more...
NOVEMBER ARTICLES
Fairey Associates invite you to attend their Retirement Workshop
Pensions have been in the spotlight more than ever recently due to the radical changes announced by the Government. This is good news for many people but what is clear is that many people need advice... Click here to read more...
Pensions have been in the spotlight more than ever recently due to the radical changes announced by the Government. This is good news for many people but what is clear is that many people need advice... Click here to read more...
Fairey Associates Sponsors Annual Chelmsford Voluntary Awards
Fairey Associates were proud sponsors of this year's Chelmsford Centre Supporting Voluntary Action Awards Ceremony. This local charity is an independent support and development organisation set up to champion... Click here to read more...
Fairey Associates were proud sponsors of this year's Chelmsford Centre Supporting Voluntary Action Awards Ceremony. This local charity is an independent support and development organisation set up to champion... Click here to read more...
OCTOBER ARTICLES
Ed Fairey is rated a Top UK IFA for the second year running
Congratulations to Ed for once again being named one of the UK's top advisers buy leading review website Vouched For. Ed appeared in The Times on Saturday alongside other leading IFA's from around the country. Click here to read more...
Congratulations to Ed for once again being named one of the UK's top advisers buy leading review website Vouched For. Ed appeared in The Times on Saturday alongside other leading IFA's from around the country. Click here to read more...
Congratulations to Lauren for conquering Tough Mudder
Well done to Lauren Long, who managed to finish the London South Tough Mudder course on Sunday, which was, as expected 'tough and muddy'. Lauren told us "I was part of a fantastic team who worked our way around the 12 mile course. It got particularly tough at the 10 mile mark but we finished together as a team. Thank you to everyone who sponsored me".
Well done to Lauren Long, who managed to finish the London South Tough Mudder course on Sunday, which was, as expected 'tough and muddy'. Lauren told us "I was part of a fantastic team who worked our way around the 12 mile course. It got particularly tough at the 10 mile mark but we finished together as a team. Thank you to everyone who sponsored me".
This weekend, Our Office Manager will be pushing herself to the limit!
Lauren Long, will be swapping her day job this Sunday for the London South Tough Mudder Obstacle Course. Click here to read more...
Lauren Long, will be swapping her day job this Sunday for the London South Tough Mudder Obstacle Course. Click here to read more...
Could an ISA taste nicer if you SIPP it?
The scrapping of the 55% death benefit charge on drawdown pensions is the final piece of the retirement savings jigsaw. It now completes the advice picture providing clarity on the best place to save, the best place to... Click here to read more...
The scrapping of the 55% death benefit charge on drawdown pensions is the final piece of the retirement savings jigsaw. It now completes the advice picture providing clarity on the best place to save, the best place to... Click here to read more...
Nationwide Building Society reports fall in UK house prices
According to Nationwide, house prices fell by 0.2% in September which was the first decline since April 2003.
Click here to read more...
According to Nationwide, house prices fell by 0.2% in September which was the first decline since April 2003.
Click here to read more...
Cost of executing a Will is likely to fall in the future
The scrapping of the 55% death benefit charge on drawdown pensions is the final piece of the retirement savings jigsaw. Click here to read more...
The scrapping of the 55% death benefit charge on drawdown pensions is the final piece of the retirement savings jigsaw. Click here to read more...
Dorset named best place in Britain to retire
It's official, Dorset has been awarded the prestigious title of best place to retire in the UK according to a study complied by Prudential. And with nearly one in three people living there retired, the town of Christchurch... Click here to read more...
It's official, Dorset has been awarded the prestigious title of best place to retire in the UK according to a study complied by Prudential. And with nearly one in three people living there retired, the town of Christchurch... Click here to read more...
Thanks for the feedback!
We hope you found time to visit our new website following our recent 'Website Launch Email'... Click here to read more...
We hope you found time to visit our new website following our recent 'Website Launch Email'... Click here to read more...
A pension for you, your spouse, your children or anyone else!
The Government has now confirmed they're following through on their promise to scrap the current 55% recovery tax charge on death. Click here to read more...
The Government has now confirmed they're following through on their promise to scrap the current 55% recovery tax charge on death. Click here to read more...
SEPTEMBER ARTICLES
FSCS launches celeb-heavy awareness campaign
A new consumer awareness campaign, which will star five well known celebrities, was launched last week by the Financial Services Compensation Scheme (FSCS). The purpose of the campaign is to increase awareness... Click here to read more Cotton.
A new consumer awareness campaign, which will star five well known celebrities, was launched last week by the Financial Services Compensation Scheme (FSCS). The purpose of the campaign is to increase awareness... Click here to read more Cotton.
Don't tell the kids but UK teenagers are losing out
An IPSO survey on children's pocket money has found that teenagers in the UK are receiving less than the European average with UK parents paying less than half that of their counterparts in both Austria and Italy... Click here to read more...
An IPSO survey on children's pocket money has found that teenagers in the UK are receiving less than the European average with UK parents paying less than half that of their counterparts in both Austria and Italy... Click here to read more...
Inheritance Tax now the norm for many families in the South East
Recent increases in property prices have moved the average cost of a home above the "death tax" threshold. The average price of a home in the south east of England reached £326,000 in June, surpassing the... Click here to read more...
Recent increases in property prices have moved the average cost of a home above the "death tax" threshold. The average price of a home in the south east of England reached £326,000 in June, surpassing the... Click here to read more...
Our new website is now online!
As promised last week, we're proud to announce our new website has gone live! We think it's a big improvement on the previous one and we hope you find time to pay us a visit... Click here to read more...
As promised last week, we're proud to announce our new website has gone live! We think it's a big improvement on the previous one and we hope you find time to pay us a visit... Click here to read more...
Well it was time for a change
We've been busy ourselves, redesigning our website, amongst the usual comings and goings on of an IFA Firm. Our current site has served us well but we felt a freshen up was overdue... Click here to read more...
We've been busy ourselves, redesigning our website, amongst the usual comings and goings on of an IFA Firm. Our current site has served us well but we felt a freshen up was overdue... Click here to read more...
JULY ARTICLES
It's NISA season
The much publicised changes to the ISA rules came into effect this week. Anyone who has already maxed out their ISA will be able to pay an extra £3,120 this tax year... Click here to read more...
The much publicised changes to the ISA rules came into effect this week. Anyone who has already maxed out their ISA will be able to pay an extra £3,120 this tax year... Click here to read more...
JANUARY ARTICLES
Pension or NISA, which one is nicer?
Radical changes to pensions and ISAs have reopened the debate on where is the best place to save for retirement. So does the pension's upfront tax relief trump the tax free growth within an ISA after the pension... Click here to read more...
Radical changes to pensions and ISAs have reopened the debate on where is the best place to save for retirement. So does the pension's upfront tax relief trump the tax free growth within an ISA after the pension... Click here to read more...
