Retirement is usually a source of happiness, but for those who fail to finalise their finances in a timely fashion could be left facing the harsh consequences of inadequate pensions and poor tax planning.
Banking institutions based beyond EU borders could become regulated by the Prudential Regulatory Authority (PRA), after the Bank of England put forward suggestions to help preserve their integrity and to protect international investment from situations comparable to the recent Eurozone crisis.
America, Britain, Brazil, China, Germany, India, Indonesia, Japan and Russia are widely expected to attract and generate an array of international investment.
Property investment and offshore property purchases are widely expected to increase by 2020, so it’s important for British investors to have complete awareness and understanding of the inherent pitfalls of international property investment.
The OFT has created the Independent Project Board to revive and preserve credibility within the UK pensions sector, a move that should effectively make pension planning far less perilous for Brits approaching retirement age.