A look into the pension changes of Credence Independent Advisors News

After the end of the budget consultation on 11th June, the Treasury issued its response on the 21st July on pension shake-up, explaining pension changes, which offer a greater deal of freedom for both pension holders and providers. These pension changes are generally all positive and the biggest for more than 100 years. Some of the changes are discussed here. In order to ensure that all defined contribution schemes are able to offer greater flexibility...

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Credence Independent Advisors News - The Economic Recovery of the United Kingdom during the First Half Of 2014

The economic growth of a country comprises of a large number of different factors and a combined effect of all the factors makes the final impact. Similarly, in order to understand the economic growth of United Kingdom, it is important to identify the performance of various factors regarding the economy such as unemployment, investments, gross domestic product, inflation, productivity, consumption and many more. Overall, it has been observed...

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Credence Independent Advisors News: Active or Passive what’s For You?

What do active investors do? Active investors believe that markets are “inefficient”. They believe that at any point in time, there are always some securities that are mis-priced, enabling them to buy or sell making a profit. Professional active investors devote unbelievable amounts of time and resource towards trying to find that extra edge. They will then trade in and out of those securities to try and generate profits above the benchmark....

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Credence Independent Advisors News: Eurozone Needs an Unconventional Approach to Its Economic Crisis

Mario Draghi, the head of ECB calls for more unconventional and growth friendly policies to end eurozone crisis. Within the Eurozone, it has been a long-time since the living standards were at peak. For instance, the living standards were last at their peak in 1997 in Italy, 2000 in Cyprus and Portugal, 2001 in Greece, 2003 in Spain and Ireland and 2006 in France. Out of all the eurozone countries bailed out since eurozone debt crisis, Italy...

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Credence Independent Advisors News: Britain’s top spending tourists are Middle East Visitors

According to ‘Visit Britain’, the national tourism agency of Britain; tourists from the Middle East are Britain’s top spending international shoppers The survey shows that tourists from the Middle East are twice as likely as typical visitors to buy clothes and shoes. Kuwaiti visitors rank number one in terms of spending on shopping in the UK, followed by Nigerians in second place and Saudi Arabians in third place. A visitor from Kuwait on...

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Credence Independent Advisors News: A Look at FATCA (Foreign Account Tax Compliance Act)

The United States global tax law; Foreign Account Tax Compliance Act (FATCA), came into effect on 1st July 2014. The FATCA is at last here after a period of 4 years, initially developed in 2010 as an approach to make America’s corporations and private individuals stop evading America’s taxes by depositing their money into their accounts in foreign countries. The act requires foreign banks and foreign financial institutions to inform about every...

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Credence Independent Advisors News: 209,000 jobs added by US economy in July

July witnessed an addition of 209,000 jobs by US, showing that the US is on its course of economic recovery.The manufacturing and professional business services sector witnessed the biggest job gains.There has also been a slight increase in the US labour market, which will encourage workers who have given up job hunt to enter the job market once again.According to the Commerce Department, during the period April to June, the US economy grew by...

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