News

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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Change of London Address

Please be advised that our London Office will be changing location to:   Square Mile Financial Services Kemp House, 152-160 City Road, London, EC1V 2NX          
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Paying Rent when you Retire? Is your Pension Pot Enough?

Tenants who will still be paying rent when they retire will need a pension pot of up to £445,000 to avoid falling living standards, research suggests. The calculations come from an analysis by pension provider Royal London
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SMFS is GDPR Compliant

Square Mile Financial Services is committed to protecting and respecting your privacy and will comply with all data protection laws in the country you are resident and use the European Economic Area’s General Data Protection
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Twelve Percent Retiring With No Pension

Did you know that it is projected that one in eight people will be retiring this year with no pension? A tenth of the people in 2018 will be reliant on solely the state pension, and it has been shown that they will be receiving
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