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Showing posts from October, 2016

New premises for professional connection

Congratulations to our professional connections Tom and Jeannette McEwan from Home Instead Senior Care for moving to lovely new premises in Windsor Road, Kings Lynn. They have also recently confirmed 50 new jobs have been created by extending its catchment area to include Swaffham and Dereham.

Home Instead offer domiciliary care services and we can provide Long Term Care Planning for these clients to help them maintain their care package and lifestyle.

We wish them well.

Court rules pensions are protected in bankruptcy

The Court of Appeal has ruled savers facing bankruptcy will not be forced to cash in their pensions to pay off outstanding debts.

The law (section 310A of the Insolvency Act 1986) allows the Official Receiver or trustee in bankruptcy to issue an income payments order that asks a bankrupt individual to agree to make regular payments from their income into the bankruptcy estate for a specific period of time (usually three years).

In June this year, it was ruled people facing bankruptcy proceedings do not have to hand over undrawn pension funds by the High Court but this ruling was then challenged. However, on Friday (7 October) the Court of Appeal dismissed an appeal against the earlier Horton versus Henry ruling.

Ben Allen, Managing Director of Allen Tomas & Co comments that anyone in this position should relax with the knowledge that the UK legal system appears to acknowledge pensions to be out of the reach of a bankruptcy trustee and agrees with fellow industry professionals, tha…