Midland Independent Financial Services

24/05/2018

BT closes Defined Benefit Pension Scheme
BT agreed with the Communications Workers Union to close its defined benefit pension scheme, lessening fears that its gaping funding gap would widen further but signalling the pace of reform is accelerating. Even though the fund was closed to new members 17 years ago, its deficit is estimated at £14bn. The result of a review, due this summer, should reassure.
Read more: http://www.thisismoney.co.uk/money/investing/article-5671375/SUNDAY-NEWSPAPER-SHARE-TIPS-Capita-BT-Smiths.html

23/05/2018

The subsidiary will open next January and have 40 staff

23/05/2018

Silhillians population aged 54!
We are looking forward to delivering our third seminar to Solihull. Especially as “Silhillians are a certain kind of person” (according to Birmingham Live). Solihull Council’s 2017 statistics approx. 6.5% of Solihull’s residents are aged between 55-59. The report states that Solihull has an above average population among almost all years over 44 years, with notable peaks aged 54 and 72 years. Read morehttp://www.solihull.gov.uk/portals/0/keystats/solihullpeopleandplace.pdf
Book your place on the 28th Jun here https://www.eventbrite.com/o/midland-independent-financial-services-limited-14873460490

22/05/2018

Semi-Retirement Jobs with Great Benefits
Forbes provides food for thought when it comes to working post retirement. Some part-time, semi-retirement positions come with other types of benefits that are terrific and often fun. The trick is finding jobs with benefits that line up with your interests, lifestyle goals and spending habits. Read more

Part-time positions often come with valuable perks, from huge discounts on meals, products and classes to free travel and housing.

21/05/2018

Did you know about the new MOT changes that happened yesterday? All the info you need here: http://socsi.in/Krnz3

21/05/2018

The sprawling institutions we know are radically changing—becoming smaller, more digital, or disappearing completely. The result should be cheaper and better care.

21/05/2018

21/05/2018

21/05/2018

When people regret transferring out of a final salary pension
According to the Daily Telegraph “It is thought that since 2015, about a quarter of a million people have swapped guaranteed “final salary” pensions for “defined contribution” plans that allow far greater flexibility under the pension freedoms rules. Transfer values have been incredibly generous.’ So why might people regret transferring out? Read more

Final salary pension transfers are grinding to a halt following curbs by the City watchdog and insurance companies’ fears of an impending mis-selling scandal.

20/05/2018

Savings accounts are important for the inevitable rainy day and because they earn interest.

18/05/2018

Flexibility takeaway
One of the attendees from our March Pension Transfers Explained seminar commented than in his opinion the key benefit of a pension transfer is the “flexibility” it provides. He specifically explained how that flexibility would be key in his estate planning in leaving behind a legacy for his children. In contrast additional financial responsibility and risk comes with the decision to transfer which makes it a very personal decision. Book onto a Pension Transfers Explained Seminar to find out more - https://www.eventbrite.com/o/midland-independent-financial-services-limited-14873460490

17/05/2018

A Final Salary by any other name?
A final salary scheme may also be known as a DB or defined benefit scheme. It Is also known as a salary-related scheme. This is a scheme in which the benefits are defined in the scheme rules and accrue independently of the contributions payable and investment returns. Most commonly, the benefits are related to members’ earnings when leaving the scheme or retiring, and the length of pensionable service. Book onto a Pension Transfers Explained Seminar to find out more - https://www.eventbrite.com/o/midland-independent-financial-services-limited-14873460490