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Latest News
& Views

Keep up-to-date with all the latest news about what’s happening at Principal & Prosper, as well as links to the latest news from the financial services world.

 

Principal & Prosper Proud to Support Edinburgh Rugby

Edinburgh Rugby and Scotland back Greig Tonks was on hand today, alongside the capital club’s Managing Director Jonny Petrie, to welcome independent Chartered Financial Advisers…

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Chris Purves, Managing Director of Principal & Prosper, said: “We are proud to be supporting Edinburgh Rugby.

Osborne’s Big Budget

The Budget on 8th July was lauded as radical in some quarters but when you look at the detail, I don’t think that it was really much of a surprise writes Darren Scoon. Osborne confirmed a few things that we already knew…

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"Inheritance Tax: probably grabbed the main headlines with the Government introducing a new…"

Darren Scoon (Strategic Business Manager)

Death and Benefits?

Most people aren’t that comfortable talking about death, which is understandable. However we need to talk to you about it. The changes in April to pension’s legislation introduced amongst other things changes to the way benefits are taxed on death. The new legislation now allows…

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"The new legislation now allows individuals to nominate named beneficiaries…"

Stewart Siegel (Director)

Greece finally does a deal but so what?

Greece has been the headline story on the news for a number of weeks and a new economic deal has finally been agreed but so what. Other than a fairly attractive tourist destination most people aren’t really affected by the Greek situation, or are they asks Mark Owen, Investment Analyst.

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"The P&P portfolio allocation is driven by valuation, economic fundamentals and the impact on portfolio risk…"

Mark Owen (Investment Analyst)

Cyber Fraud

In a change from our normal communications we wanted to highlight how Cyber Fraud continues to rise with it now costing the UK economy over £27 billion per year, according to government reports. We continue to be prudent…

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"Cyber Fraud costs the UK economy over £27 billion per year."

Darren Scoon (Strategic Business Manager)

Calendars and Tripods

April saw the biggest, and by far the most popular, changes to pensions ever. Any requirement to buy an annuity – hugely disliked due to the poor levels of income they offer – has been abolished with savers now free to do whatever they like with their pension pots after the age of 55. But to take full advantage of the changes…

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"A 10-point action plan, is in my opinion, 7 points too many."

Darren Scoon (Strategic Business Manager)

The oil price…what is happening?

The price of oil suffered an abrupt and dramatic fall in the second half of 2014. US Crude oil fell from $110 per barrel (p/b) to just under $50 p/b, a decline of greater than 50%. No one foresaw this rapid decline in the world’s most valuable and important commodity. We will discuss what factors led to the dramatic fall…

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"The P&P portfolios are positioned to benefit from improving global economic growth…"

Mark Owen (Investment Analyst)

Citywire: Financial News Feed

Lloyds' profits jump 23% but loan impairments double

Lloyds Banking Group reported a profit rise of 23% to £1.6 billion in the first quarter, but bad loan impairments doubled to £258 million.

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TSB boss 'really sorry' for online banking meltdown

TSB chief executive Paul Pester has apologised for an IT glitch that has left thousands of customers unable to access its online banking service.

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FTSE dividends suffer as dollar languishes

Dollar's 10% fall against the pound over the last year knocks first quarter dividends from companies reporting in the currency.

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The Expert View: St James’s Place, Domino’s and BAE

Our daily roundup of analyst commentary on shares, also including Man Group and Focusrite.

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Wednesday Papers: Capita fails to win central government contracts

And sting in the tail for Melrose shareholders as they are left with bigger than expected debt from GKN takeover.

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Overnight Markets: US stocks slide amid rising bond yields

Technology and industrial stocks pressured major indexes, with Alphabet, Facebook, 3M and Caterpillar all falling more than 3.5%.

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