Industry news and views from Panacea and our partners.
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UK Budget: What Investors Should Know
While the Chancellor met her fiscal rules with unexpected headroom, the real challenge lies in delivering on future commitments.
Fidelity Adviser Solutions: Labours no choice tax-raising Budget
Last week, Rachel Reeves outlined her plans to raise revenue and fund public spending - but how might the new measures affect your clients' finances? Fidelity's Tom Stevenson shares his take on the key themes and their potential impact on your clients' finances.
PIMCO: UK Market Outlook: From the BoE to the BudgetWhat Investors Need to Know
The UK is at an inflection point. In this episode, Rupert Harrison CBESenior Adviser at PIMCO and former Chief Economic Adviser to the UK governmentand Dr. Peder Beck-Friis, Economist at PIMCO, share actionable insights on navigating the UKs evolving investment landscape.
Autumn Budget 2025
The Tech Matters team have been focusing on those things most directly affecting financial planning and have written up their thoughts on what might be necessary to stop, necessary to start and what can continue with a "nothing to see here.
IFA letter of the week. Budget or Starmer Harmer?
As an IFA and having spent years running a business under the cosh of the regulatory framework whilst also trying to save for retirement, the latest budget was a just a kick in the teeth.
M&G Wealth: Autumn Budget 2024
Thursday 31 October - 10am. M&G Wealths award-winning Technical Team will take the pain out of working out what the Budget means for you and your clients, analysing all the details issued on the day to work out what the impact will be on financial planning.
Pru: Spring Budget 2023
On this webinar, Les Cameron, Head of Technical at M&G Wealth will bring you right up to speed on the budget and what it means for your clients. This qualifies for up to 90 minutes structured CPD
Royal London: Autumn Statement 2022
Jeremy Hunt delivered the government's Autumn Statement on 17 November 2022
Autumn Statement
There's certainly been a lot going on in the world of UK politics over the last few weeks with the mini budget, the almost complete reversal of it and then a change of Prime Minister.
Prudential: The year of 2.5 Budgets
Along with the Spring Budget and the 'mini budget' of the dividend tax and National Insurance increases, a precursor to the social care levy, we now know what the next little while looks like for the financial planner.
M&G: UK Budget 2021: What stands out for investors?
The first Budget from the UKs Chancellor of the Exchequer, Rishi Sunak, was delivered on the same day in March 2020 that the global COVID-19 pandemic was officially declared.
Prudential Spring Budget 2021 analysis
Their technical team are here to digest those big announcements that affect financial planners and tell them what we think it means for their clients and advice.
Rathbones: Covid-19 overshadows Budget 20
Austerity is the latest victim as the largest giveaway since 1992 is unleashed.
Royal Londons guidance on the Spring Budget announcements
Rishi Sunak delivered his first Budget on 11 March 2020 Heres our summary of the proposed changes with links to the Budget documents if you would like more detail.
Prudential Spring Budget 2020 analysis
Their technical team are here to digest those big announcements that affect financial planners and tell them what we think it means for their clients and advice. There's not usually anything much bigger than the budget and the chancellor delivered his on Wednesday 11 March. You can see their teams analysis here.
Old Mutual Wealth: Spring 2020 budget summary
Rishi Sunaks first Budget took place against the backdrop of the global outbreak of COVID-19. Not surprisingly the UKs response to this was the initial focus providing some much needed short term financial measures in the current uncertainty, from ensuring the NHS has sufficient budget to cope, to extending statutory sick pay rules that affect millions of workers.
AXA Investment Managers: Chancellor addresses Covid threat, amidst broader Budget giveaway
Chancellor Sunak delivered his first UK Budget today. The Budget was a disjointed affair delivering a welcome second leg of stimulus to bolster the UK economy against the impending economic shock caused by the global outbreak of Covid-19.
Aegon: Budget 2020 read our analysis
The focus of todays Budget was very much on reducing the economic impact of the coronavirus, however the new Chancellor delivered plenty of other announcements which could impact on your clients
Prudential: Prudential Budget Webinar 2018
The Government's plan is to build a stronger, more prosperous economy, building on the recent Spring Statement and last years Budget. Against the backdrop of Brexit and political uncertainty, this promises to be an intriguing Budget.
Utmost: Autumn Budget update 2017
Our technical team have produced a technical briefing and updated tax tables following the Autumn Budget on Wednesday.
Budget analysis from Prudential
I think I'll call this one the Banter Budget! Philip Hammond got to his feet and delivered what, I thought, were a few decent one liners through the course of the speech.
Prudential: 2017 Budget webex
Chancellor of the Exchequer Philip Hammond will deliver the first Autumn budget (although the second budget of 2017) on Wednesday 22 November.
Aviva Investors: 'Brexit Budget' points to challenges ahead
Philip Hammonds first Budget as chancellor shows the government is still struggling to rein in the deficit despite an improved near-term economic outlook, says Stewart Robertson.
Brooks Macdonald: The final Spring Budget
With the majority of his major announcements made in last years Autumn Statement, the Chancellor focused todays Budget Statement on investing in Britains future. Encouragingly, he was able to upgrade this years UK growth forecasts and this provided some space to manoeuvre in terms of short-term fiscal spending, with the Government planning to begin the formal process of seceding from the European Union later this month.
March 2017 Budget Prudential Analysis
There seems to have been a continual stream of key announcements and regulatory changes for the last few years. Like many people involved in the planning world we were hoping for a quiet budget to give us time to catch our collective breaths and regroup. At 12.37 yesterday afternoon the Budget speech began and we got what we hoped for a quiet budget.
Spring Budget 2017
Chancellor Philip Hammond has delivered his Spring Budget speech. This email provides a summary¹ of the key announcements for both businesses and individuals. A detailed report will appear on our website shortly.
Aviva: Spring Budget 2017
Has the Spring Budget hit your clients? Chancellor Philip Hammond has delivered his first full Budget speech, the second under the current Conservative government and the last scheduled for this time of year. He outlined how the government plans to spend £802 billion and collect £744 billion from taxes, duties and national insurance contributions in 2017/18*. The next Budget will take place in the autumn in line with the new fiscal timetable.
Schroders: UK Spring Budget 2017: No time for complacency ahead of tricky two years
No alarms and no real surprises from Chancellor of the Exchequer Philip Hammond as he seeks a firm fiscal footing ahead of a crucial period. It was pleasing to see the Chancellor stick to his "no surprises" mantra and stress the importance of avoiding complacency in what was the UKs final Spring Budget. Ahead of Theresa May activating Article 50 and what could potentially be a tricky two years of negotiations with the EU, it is crucial that the UK is on as sound a fiscal footing as possible, and is not distracted by any unnecessary budget gimmicks. Even though the UK economy has performed robustly following the UKs vote to leave the EU it is good to see the Chancellor exercising fiscal prudence.
Royal London: How will the Budget affect you and your clients?
Philip Hammond delivered his first and last Spring Budget on Wednesday 8 March 2017. Although the measures affecting private pension scheme and protection planning provisions werent nearly as profound as recent years, there are still a number of important changes.
M&G: Spring Budget 2017: what stands out for UK Investors
The British Chancellor of the Exchequer, Philip Hammond, has delivered his first (and final) Spring Budget, painting a picture of a resilient UK economy but refraining from announcing any major tax or spending policies.
Aberdeen's reaction to the 2016 Autumn Statement
The EU referendum result casts a long shadow over the chancellors 2016 Autumn Statement, resulting in a surprisingly modest downgrade to the economys growth prospects but a sharp worsening of its fiscal outlook.
James Hay Partnership: Autumn Statement
Philip Hammonds first Autumn Statement contained little in the way of headline grabbing news. However, there were a few throw away lines that may have serious implications for you and your clients. This Tech Talk picks up on some of these proposed changes and when more details become available, we will produce further Tech Talks.
Autumn Statement 2016 Prudential Analysis
Around 12:40pm yesterday the wait ended and we got to find out what this post Brexit Autumn Statement would look like. Would pension tax relief go, would LISA be delayed or cancelled, Inheritance Tax cuts funded by changes to Business Relief? What about the state pension triple lock? Would it be a big bang or a whimper?
FundsNetwork: Autumn Statement
Paul Kennedy, Head of Tax and Trust Planning at FundsNetwork, provides his views on tax and personal allowances as a result of yesterdays Autumn Statement.
Royal London: Autumn statement
Cutting the money purchase annual allowance flies in the face of efforts to make retirement more flexible. As soon as someone draws any taxable income using the pension freedoms, the amount they can save in a money purchase pension would be slashed from £40,000 to £4,000. This will have a profound impact on their ability to go on working and contributing worthwhile amounts to a pension. Starting to draw taxable pension cash becomes even more of a cliff-edge than at present. We should be trying to make combining work and drawing a pension easier not harder.
RLAM: Autumn Statement far from UK version of Trumpflation
GDP growth forecasts were a tad higher than expected, at 1.4% for next year and 1.7% in 2018. However, looking beyond that, the Office for Budget Responsibility growth forecasts look very similar to their March forecast, so there is little sense that they believe Brexit, when it happens, will be a significant headwind to growth.
Scottish Widows: Autumn Statement brings good news for JAMs, says Centre for the Modern Family
Comment from Scottish Widows Think Tank, the Centre for Modern Family, which welcomes welfare measures announced by Chancellor Hammond. Some of the measures announced in the Autumn Statement, such as the increase in national wage and significant investment in affordable housing, are good news for Just About Managing and hard working families across the UK. For far too long they have been struggling with the rising cost of living and stagnating incomes.
Schroders: The Autumn Statement: what to expect
The Autumn Statement, also known as the mini-Budget, was introduced by Gordon Brown as a Pre-Budget Report in 1997. It has increasingly been used as a platform to announce major policies. The Budget remains the main financial and economic update for the UK and is usually delivered in March.
RLAM: Markets need to digest more gilts following Autumn Statement
The key move in gilt yields was largely a reaction to the Debt Management Office remit that was published immediately after the chancellor sat down. The large surprise was that of the additional £20.6bn issuance, £15bn of this would be funded by gilt sales as opposed to treasury bill issuance. This will result in an additional four auctions and a syndication within the 2016/17 financial year.
BNY Mellon: Why not all inflation measures are created the same
Central banks have long adopted inflation targeting on the premise that low and stable inflation will promote long-term economic growth. But in our view there are inherent problems associated with inflation targets, particularly when it comes to deciding which inflation measure to use.