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My PFS - Technical news - 11/11/2014

11 November 2014
PFS News update from 22 October 2014 - 4 November 2014, covering pensions, taxation and investments.    Read more »

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Consumer trends - barbell preferences? »

There is a portfolio construction technique known as a "barbell strategy" which bond traders often use. It involves focussing the portfolio on only very short maturity bonds and very long maturity bonds in order to take advantage of mispricing. So as opposed to putting all of your portfolio in a 10 year bond, you might put 50% in a 20 year bond and 50% in a 3-month bond. The 3-month section gives flexibility, as it will behave like cash - which gives the opportunity to take more risk with the other 50%. Ideally, you end up with a portfolio that performs better than just holding a 10 year bond.

Protection against inflation »

We are all financially literate enough to understand the corrosive effect of inflation. For many years now, defined benefit pensions have had to make some provision for inflation-proofing. Yet this is expensive (prompting employers to stop offering further benefit accrual) and something of a blunt instrument. After all, we have no idea what inflation will be in the future even if we assume that it is marked as economic public enemy number one, we have little idea of our life expectancy and we have little idea of how our experience of inflation will compare with the headline index.

A simpler way of calculating inheritance tax on trusts - part two »

This is the second in a series of articles on HMRC's proposals to simplify the calculation of inheritance tax (IHT) in respect of the ten-year anniversary (periodic) and exit charges on relevant property trusts established on or after 7 June 2014.

Secret trusts, wills and evidential problems »

One of the more interesting features of English trust law is the concept of a secret or half-secret trust. Such trusts are usually created in a will. Wills, and therefore will trusts, are usually topical at this time of the year when many solicitors offer free or discounted will drafting. A recent case which we consider this month may be an interesting subject to start a conversation with a client on the subject of estate planning in general and will provisions in particular.

Insurance Institute of London

The Insurance Institute of London (IIL) aims to raise the levels of professional knowledge of those working in insurance in London and assists members in their career development and supports the role and work of the CII. Podcasts, videos and lecture notes from past IIL lectures are available on this site.

IIL lectures »

Policy and Public Affairs

The CII is committed to enhancing the reputation and standing of the insurance and financial services sector. To support this, Policy and Public Affairs produce material covering a wide range of subjects including UK and European regulation, industry developments, legislation and regular public affairs updates.

Policy research »