at 502 ANTRIM ROAD , Belfast, BT15 5GF United Kingdom
Quantum3 Financial Services is a long established and well respected company. We are a Northern Ireland firm, independently owned,
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Invest up to £15,000 without paying income tax or capital gains tax on any returns. In the run up to the end of the 2014/2015 tax year, I’ve been checking the records of some of my most valued clients. I noticed you’ve invested in an ISA this tax year. Back in July 2014, your yearly ISA limit went up to £15,000. It’s important you make the most of your increased ISA allowance for this tax year as any unused part will disappear for good after 5 April 2015
Nationwide Building Society is set to undercut Barclays by launching the lowest ever 10-year fixed rate. From 21 January, the lender will offer existing mortgage customers a 60 per cent LTV 10-year fix at 2.84 per cent, having slashed the rate by 55 basis points. New customers will be offered a rate of 2.94 per cent, which will also be reduced by 0.55 per cent from 3.49 per cent. 07738120702
Family Carer Benefit can provide a lifeline for your clients An estimated 3 in 5 people* will become carers at some point in their lives and could be forced to give up work, losing valuable income for their family.
Today's Closing Update. • The FTSE 100 edged lower from a one-week high, with volatile moves in stocks exposed to new British government policies dominating in an otherwise quiet session. • Gains in commodity producers helped propel European stocks to within 0.1% of a six-year high, amid bets that the European Central Bank will expand stimulus. • US stocks rose in early trading, following the biggest advance in a month for the Standard & Poor's 500, as energy shares rallied and payrolls and services data boosted confidence in the economy before Friday's jobs report. • Britain's services sector expanded faster than expected last month, a survey showed, suggesting the economy may be slowing less than previously thought following a year of robust growth. • Chancellor George Osborne said he would miss his short-term budget deficit targets but could afford tax cuts for home-buyers, offering some voter relief from his austerity push ahead of elections. • The euro zone economy may face another contraction after business activity grew less than expected in November, although Asian readings were more upbeat, while US data was mixed in global surveys. • Legal & General has launched a US index fund management business, the US unit said, as it looks to capture some of the growing US passive fund market. • WTI rose as a government report showed that US crude inventories dropped as refineries bolstered operating rates. Brent futures advanced in London. • Gold prices rose after a report showed that US employers added fewer workers than forecasted last month, boosting demand for the precious metal as a haven.
Remortgage Products • 1.79% 2 Year Fixed until 31/03/2017 - 60% LTV - £999 Fee Remortgage customers | Product code: FAH492 • 2.19% 2 Year Fixed until 31/03/2017 - 60% LTV - £0 Fee Remortgage customers | Product code: FAH496 • 2.29% 2 Year Fixed until 31/03/2017 - 60-75% LTV - £0 Fee Remortgage customers | Product code: FAH499 • 2.59% 2 Year Fixed until 31/03/2017 - 75-80% LTV - £999 Fee £250 Cashback | Remortgage customers | Product code: FAH505 • 2.84% 2 Year Fixed until 31/03/2017 - 80-85% LTV - £999 Fee £250 Cashback | Remortgage customers | Product code: FAH511 Please note: Early Repayment Charges and minimum/maximum loan sizes apply
The government is introducing the most radical changes to pensions in almost a century from April 2015. They were initially proposed by the Chancellor in his March Budget and have now been confirmed in the Taxation of Pensions Bill published on 14 October.
Highlights of the Day 3rd Dec 2014. • Asian stocks fluctuated with US and European equity-index futures, Australia's dollar slid to a four-year low after economic growth unexpectedly slowed and crude oil advanced. China's Shanghai Composite Index closed at a three-year high as the value of trading surged to a record. • US stocks rose as energy stocks led the S&P 500 and Dow Jones, while Biogen's rally on news about an experimental treatment for Alzheimer's disease topped gains at the Nasdaq. • The British Retail Consortium said food prices dropped last month for the first time since it started collecting data in December 2006, as a supermarket price war intensified. • Chancellor George Osborne looks set to concede that his push to fix the public finances has suffered another setback thanks to slow pay growth, six months before voters head to the polls.
Today's News • Aviva chief executive Mark Wilson has won over some of his harshest critics with promises of £225m in cost savings if the proposed £5.3bn Friends Life deal goes through. • Rio Tinto expects to remain the lowest-cost iron ore supplier to China and therefore to be least affected by a slump in prices of the material, a senior executive said, dismissing rival BHP Billiton's threat to displace it in the ranking. • Brewin Dolphin posted a fall in full-year pretax profit of 70% to £8.6m, hit by one-off costs including that from a failed roll-out of new software. • London Stock Exchange Group has completed the acquisition of Frank Russell Company. The group said that as previously announced, the comprehensive review of Russell's investment management business is making good progress and is on track to be completed early in 2015. • Royal Mail has slumped to the foot of the FTSE 100 as regulators shot down its claims that the six-day-a-week universal delivery service is under threat from fast-growing competition. • Shell and BP have jumped as market rumours swept the City claiming the pair were planning a merger, highlighting jittery times for the industry at a time of five-year lows in the oil price. • Sage Group has enjoyed a rise in profit before income and tax of 69% to £278m. Operating profit was also up a whopping 65% to £298m for the year ended 30th September. • TalkTalk chief executive Dido Harding has called on Ofcom to consider the separation of BT and its infrastructure arm Openreach, a move she said could create a new FTSE 100, business better incentivised for consumers. • Ladbrokes has started looking for a new chief executive before Richard Glynn steps down. In a stock exchange announcement to shareholders, Ladbrokes says Mr Glynn will stay in his job "into 2015", but will then hand over to whoever is appointed as his successor. • Lloyds Banking Group has sold a £1.6bn portfolio of Irish mortgages to Goldman Sachs and CarVal, a private equity group. • Gold held below a five-week high as a strengthening dollar curbed demand for a store of value, with a US policy maker saying the Federal Reserve is getting closer to replacing its vow to hold rates low for a considerable time. • WTI and Brent crudes fell after the Iraqi government and Kurdish authorities reached an agreement that paves the way for increased oil exports.
While much press ink has been spilt on the rise in house prices that we have seen over the past 18 months, there has been less attention on another side of the housing and mortgage market - Remortgaging. The extent of Remortgage activity, like house purchase, fell very sharply in the recession. Its revival has been slower than that of house purchase activity. But over the past two years, the number of Remortgages has increased. The latest figures, for September, show that around 31,000 Remortgage loans were approved in the month, with a value of £5 billion. In the nine months to September, the value of Remortgage loans approved was up 9% on the same period a year earlier. With the rise in house prices having increased homeowner's equity, this may be leading existing borrowers to consider Remortgaging to take advantage of competitive deals in the market, especially at a time when the general market expectation is that interest rates are set to rise next year. A reminder of some of the benefits to your customer if they Remortgaged to a Fixed rate now are • The stability of a fixed monthly payment • Increases in their salary over the course of the Fixed rate may lead to greater disposable income • Being able to overpay 10% per calendar year without an Early Repayment Charge, should their circumstances change • Peace of mind from knowing their monthly mortgage cost in a period of great uncertainty in the economy 02890770703
The Inheritance and Trustees' Powers Act 2014 announced some key changes to the intestacy rules. This is the first time that the intestacy rules have changed since 1925 but broadly, as a result of these changes, a surviving spouse/civil partner will inherit a larger part of the estate than was previously the case. The Inheritance and Trustees’ Powers Act  amends section 46 of the Administration of Estates Act  and is therefore only relevant in terms of the intestacy provisions for England & Wales. The intestacy provisions for Scotland and Northern Ireland therefore currently remain unchanged. The table below highlights the key changes and illustrates the position before and after 1 October 2014, with examples. Pre 1 October 2014 From 1 October 2014 Married/civil partner - No children (but surviving parents/siblings) First £450,000 plus half of the residue goes to the spouse/civil partner absolutely. The remaining 50% goes absolutely to the blood relatives (parents, brothers and sisters etc). Whole estate goes to the spouse/civil partner. Example Husband dies leaving £600,000. Wife receives £525,000. The husband's mother has died, but his father is still alive. Father receives the remaining £75,000. Husband dies, total estate £600,000. Wife receives £600,000. Husband's father receives nothing. Married/civil partner – Children First £250,000 goes to the spouse/civil partner, absolutely. The residue is divided in two - half to the children absolutely and half held on a life interest trust for the spouse/civil partner. 'Life interest' in half the money above £250,000 lets the spouse/civil partner spend the income, but not touch the capital. When the spouse/civil partner dies the children inherit the other half absolutely. First £250,000 plus half of the residue to the spouse/civil partner absolutely (therefore no life interest trust). The other half goes to the children absolutely. Example Husband leaves £450,000. His wife receives £250,000. The remaining £200,000 ultimately goes to the children subject to half being held upon a life interest trust for the spouse/civil partner. Husband leaves £450,000. His wife receives £250,000 plus £100,000 absolutely and children receive £100,000.
The FCA is considering reducing pension transfer qualification requirements as the industry grapples with access to advice post-Budget, Money Marketing understands. The issue of pension transfer advice was brought to the fore after Chancellor George Osborne announced reforms which will grant savers greater freedom over how they spend their retirement pot. 02890770703
If you want to see if you could get your money working harder, you might be thinking about investing. So it’s good to know that now you can do it yourself with our new online investment service. From providing for your children’s future to making the most of your new £15,000 ISA allowance, there are lots of reasons why people choose to invest. Whatever your reason, you’ll find everything you need online to help you make your own informed decisions, without receiving advice. So you can invest with confidence at a time and place to suit you. Investments could be for you if don’t think you’ll need access to the money you’ve invested for 6 years or more. Please be aware that the value of your investments can go down as well as up so you may get back less than you originally invested. This is a an advised service, and as such fees will be payable
More than one in three (36%) mortgage brokers expect a rise in the Bank of England base rate before the year is out, according to new research by the Intermediary Mortgage Lenders Association. The latest findings from IMLA’s ‘Intermediary Lending Outlook’ research shows opinion is divided in the mortgage industry on the widely anticipated rate rise, with just 17% of lenders anticipating a hike during 2014. The consensus among lenders is that the Bank of England will raise its base rate from 0.5% in the first half of 2015, for the first time since March 2009. Nearly three in four (72%) take this view including nearly half (44%) who expect to see a rise in Q1 2015. There is a greater split among brokers, with 44% predicting the rise will come in the first half of 2015 while one in five (20%) expect the 0.5% base rate will survive past the middle of next year.
Half of homeowners would struggle with 1% rate rise Equifax has revealed that over 50% of UK homeowners believe an interest rise of 1% would have a negative effect on their finances.
The FTSE 100 rose slightly as continued tensions in Ukraine and disappointing manufacturing growth figures in both the UK and the eurozone failed to weigh on investor confidence. * European shares edged higher to trade near a recent one-month peak, with mergers and acquisitions speculation surrounding British broadcaster ITV helping media stocks rise. * The European Central Bank has talked up the chances of launching a bond-buying programme to ward off deflation and having led markets down that path, there could be a serious adverse reaction if it does not follow through. * Growth in the UK manufacturing sector has slowed, with both new orders and output increasing less rapidly than before. The UK PMI edged down in August to 52.5 from 54.8 in July, its lowest reading for 14 months.
QUANTUM3 FS LTD -07738120702- DAVID BANNON Only a quarter (24%) of adults in the UK with children under 16 have any form of financial protection, a significant drop from 31% in 2013, according to the latest research from the Scottish Widows Protection Report. With over half (54%) of this group admitting that their savings would last just a couple of months if they were unable to work, a significant protection gap exists for families in the UK. Almost half of households (46%) with children under 16 are now also reliant on two incomes, and a further 14% of this group state parents or grandparents are dependent on their income. There would be real challenges for these households if one income were lost. Childcare costs are another area which can be impacted by the loss of one parent’s income, equally so if grandparents could not continue to provide support. With more parents working and increasing childcare costs, up 27% since 20091, 40% of those with children under 16 rely on their parents to help with free childcare.
With a relevant life policy the benefits really do stack up. If you’re a company director and you have life cover to protect your family, you could be paying more tax than you need to. But with a relevant life policy... Although the company makes the payments, they’re not treated as a benefit in kind, and so would not be included in your income tax assessments. This can be a significant saving, particularly for a higher or additional rate taxpayer. Unlike a registered group life scheme, the benefit will not form part of your lifetime pension allowance, and premiums won’t form part of your annual pension allowance. The payments may be an allowable expense for the company in calculating their tax liability, as long as the local inspector of taxes is satisfied they qualify under the ‘wholly and exclusively’ rules. Who is a relevant life policy suitable for? • High-earning directors and employees who don’t want their death-in-service benefits to count towards their lifetime pension allowance. • Small companies with too few members for a group life scheme that want to provide employees and directors with tax efficient death-in-service benefits.
Here are some of the features of our Income Protection Solutions plan. Premiums start from as little as £10 a month (guaranteed or reviewable). 60% of the first £25,000 of your client’s earnings covered, then 50% of the remainder up to a maximum of £180,000 Benefits can be set up on a level or index-linked basis. There’s a choice of deferred periods available, from 4 weeks up to 112 weeks. Guaranteed Insurability option. Limited Payment Term option paying benefit up to 5 years. Clients able to make multiple eligible claims during plan’s life. Lump sum benefit payable on death during the first 12 months of a claim. Benefits in Kind, Hospital Benefit, Retirement Benefit and Death Benefit
This year's research has found that as much as £4.7 billion is wasted every year because of tax inefficiencies. The report also found: ##£161: the average amount each individual taxpayer is set to waste ##77%: of people admit they haven’t done anything to reduce their tax waste in the past 12 months ##38% of Brits think they’d be confident in tackling their tax waste without the help of a professional adviser, but: ##the £4.7 billion tax waste translates into £161 on average per individual taxpayer, which is up from £153 in 2013, a 5% increase in tax wastage from 2013 UK taxpayers’ tax wastage 2014 – the key stats: Pensions tax relief waste ##4.4 million UK adults are currently in employment not saving into a pension and not making use of their pension tax allowance from the government resulting in £2.9 billion in tax relief set to remain unused this year 02890770703
Appointed representatives of Sesame network now have access to Danske Bank’s range of products. Danske Bank will lend on principal residential properties in Northern Ireland and has a prudent yet realistic approach to mortgage lending. The Bank’s offering includes a range of tracker and fixed rate mortgage products up to 95% loan to value. In addition, it has a £500 cashback incentive for first-time buyers and customers switching their mortgage to them, when the customer agrees to mandate their salary to a Danske Bank personal current account. Danske Bank will also accept mortgage applications from customers using the Co-Ownership scheme to purchase a property. This applies across the full range of mortgage products, with 100% of customer share available. John Cupis, Managing Director, Mortgages, at SBG, commented: “We are very pleased to have further extended our offering with the addition of Danske Bank. I am sure that its range of residential products will prove popular with our members in Northern Ireland.” 077381-20702
LONDON (Sharecast) - Kingfisher has been doing some of its own home repairs of late and it was sorely needed. The firm, under boss Sir Ian Cheshire, recently offloaded its German operations over which it was unlikely to gain full control and is attempting to buy-out French rival Mr.Bricolage. If it can generate sufficient cost savings then the latter operation may be worthwhile. In parallel, he is making better use of the companys space. Both initiatives are necessary to prop up the companys return on capital. At 10 per cent that is half of rivals Home Depot. Driving that point home, yesterdays full-year figures revealed a weaker than expected 19 per cent jump in profits despite flattering base effects. The first quarter of last year was simply awful. Finally, the company is returning cash to shareholders. As long as the weather plays ball return on capital should tick up, writes the Financial Times Lex column. There are those who worry that Severn Trent is the likeliest of the three remaining quoted water companies which will cut its dividend come the next regulatory round next spring. In fact, at one extreme there are those who anticipate a 20% reduction due to the size and structure of the companys debt. Furthermore, the new Chief Executive, who has only been at the helm for eight weeks, cannot yet give much guidance on future dividend policy in part because it is still too soon to say. In any case, the fact remains that earlier regulatory reviews have been quite benign. In any case, the above view seems excessively bearish. As well, dividends in the past financial year and for the current one are promised to expand at a rate of inflation plus 3%, among the most generous in the sector. At a dividend yield of 4.1%, however, the shares are worth holding despite the regulatory uncertainties, writes The Times Tempus.
Volume leaders LLOY 47,114,118 +0.37 arrowUp.png VOD 14,840,235 +0.10 arrowUp.png BARC 12,176,645 -0.28 arrowDown.png ITV 7,277,661 -0.22 arrowDown.png DXNS 6,900,408 +1.17
Latest broker ratings Kingfisher Equal-weight 393.00p Cairn Energy Overweight 198.60p Derwent London Hold 2,738.00p Drax Group Outperform 627.00p Fisher (James) & Sons Buy 1,315.00p
GBP v USD 1.6741 +0.002 arrowUp.png GBP v EUR 1.2300 +0.001 arrowUp.png EUR v GBP 0.8130 -0.001 arrowDown.png EUR v USD 1.3611 +0.001 arrowUp.png GBP v JPY 170.23 +0.057 arrowUp.png USD v JPY 101.68 -0.116 arrowDown.png
UK economic growth at 11-year high Economic growth reached a record high in May, posting the highest reading since data began in 2003, according to the latest CBI growth indicator.
Leeds cuts rates on BTL, holiday let & shared ownership mortgages Leeds Building Society has reduced rates on a selection of its mortgages by up to 0.30%.
Pensions minister Steve Webb says savers will be given estimates on how long they will live as part of the Government’s plans for at-retirement guidance following the Budget. The Government has pledged to provide “free, face to face impartial” guidance to those about to retire as part of its shake-up of pension rules which will allow people to take their entire pension pot as cash from age 55 from next year.
The majority of savers want Chancellor George Osborne’s “guidance guarantee” to be delivered face-to-face by qualified advisers, new research suggests. To support radical pension reforms that will hand people greater freedom over how they spend their pension pot from April next year, the Government has promised everyone will have the option of receiving free face-to-face retirement guidance. The Government has set aside £20m to get the guidance service up and running, with the FCA handed responsibility for designing the framework. a nationwide survey of more than 1,000 over 40s with private pensions, conducted by Consumer Intelligence, suggests 69 per cent want their options explained in a face-to-face session