May 2011

Webmaster Red Alchemy Ltd

BBT Asset Management, BBT Mortgages & Insurances, BBT Estate Planning, BBT Healthcare Services, BBT Annuities and BBT Online Trading are trading styles of Bebbington Brumby Townend Group Ltd, which is an appointed representative of TenetConnect Ltd, which is authorised and regulated by the Financial Services Authority (FSA). TenetConnect Ltd is entered on the FSA register www.fsa.gov.uk/pages/register under reference 149826. The Financial Services Authority do not regulate all forms of estate planning. For investment advice we recommend products for the whole of the market. Bebbington Brumby Townend Group Ltd is registered in England & Wales number 3489429. Registered office address: Crawford House 96A Barnsley Road Sandal Wakefield WF1 5NP.

Welcome to ‘In Contact’, BBT Group’s e-newsletter to existing clients.

Please remember that you can find useful planners, calculators and other financial information on the ‘Planning Zone’ section of our website. These are free to access and may be helpful for other family members, friends and colleagues, who can also subscribe to receive our e-newsletter by clicking here.

We hope you enjoy this issue of ‘In Contact’ and welcome any ideas and feedback you might have on future editions, which can be sent to our communications team at newsletter@bbtgroup.co.uk.

Yours sincerely,

Tim Brumby and Gordon Townend

Directors

Hutton Report and changes to the Teachers’ Pension Scheme

Lord Hutton published his final report on public service pension reforms on 10th March ...

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New flat-rate state pension plans unveiled

Plans for a new flat-rate state pension and a system to automatically raise the pension age have been published by the Government.

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Default retirement age of 65 to end

The government has confirmed that the Default Retirement Age (DRA) will be phased out this year.

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Pension age workers on the rise says ONS

There are now twice as many people aged over 65 who are working in the UK compared to a decade ago.

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Increased ISA allowances

The upper limit on the sum that can be saved in an Individual Savings Account (ISA) has risen to £10,680 for the year 2011/12.

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UK households ‘face £780 drop in disposable incomes’

Tax rises and spending cuts, and higher commodity prices pushing up inflation are the main factors likely to lead to a drop in real disposable incomes.

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UK banks lose Payment Protection Insurance challenge

UK banks have lost a judicial review that could have a major impact on whether more compensation has to be paid on mis-sold loan insurance.

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Pension scheme closures on the increase, NAPF says

There has been a rapid jump in the number of final-salary pension schemes which are closed to both new and current staff ...

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House prices are still falling, the Land Registry says

House prices in England and Wales are still falling, according to the latest survey from the Land Registry.

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Teachers’ Retirement Agency

Many of you will have first been introduced to BBT Group through attending one of the Teachers’ Retirement Agency ...

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