News

Market Update

Yesterday (15/08/2019), the yield curve inverted in the US and UK on an intraday basis which, combined with a slew of negative headlines, prompted profit taking in equities as investors grew nervous of recessions risks and looked
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Why using a firm that is a member of FEIFA is beneficial to clients

https://feifa.eu/what-are-the-benefits-for-clients-who-use-our-members/
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Change of Ownership

We are now able to announce that negotiations have finished and that Square Mile Financial Services has been acquired by Planet Pensions Limited. The existing key administration team will remain unchanged and you can continue
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EU regulator issues guidance on expat pensions

The European insurance watchdog has said contracts concluded before March 30 will still be valid even in the case of a no-deal Brexit, giving British expats guarantees that they will be able to continue to receive their
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Pension funds suffer biggest losses since 2008

Pension funds suffered their biggest losses last year since the financial crisis in 2008, data from Moneyfacts has shown. The Moneyfacts UK Personal Pension Trends Treasury Report showed a marked deterioration in pension fund
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Square Mile receives it's temporary Post Brexit permissions from the FCA, if required.

Square Mile receives it's temporary Post Brexit permissions from the FCA, if required. Please see the extract below from the confirmaton email from the FCA:   The FCA considers that Square Mile Financial Services s.r.o.
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Government clarifies hard Brexit pension plans

The government has confirmed Britons living in the European Union will continue to receive the state pension after a no deal Brexit but uprating will depend on the divorce deal reached. In guidance published today (December
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A.M. Best Upgrades Credit Ratings of Investors Trust Assurance SPC

A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of Investors Trust Assurance SPC (ITA) (Cayman Islands). The
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Five things you must know about Budget 2018

Click the link below to find out 5 important things about the 2018 budget, the last budget before Britian leaves the European Union in March
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UK Branch Closes

We would like to inform all our UK resident clients, that with the impending, and in preparation for, MiFID II regulation, we have taken the decision to cease operating an established branch in the United Kingdom. Our head
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Pension Freedoms Risk

Eventhough people are happy to be able to access their savings, many are not preparing themselves for a secure future. To find out more click on the
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The Bank of England has Raised UK Interest Rates

The Bank of England has recently raised UK interested rates for the second time in decade.  The rate has changed from 0.5% to 0.75% and is the highest level since March 2009. To read more on this topic and what this could mean
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