Blog

  • Which is best? Save or invest?

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    Whilst you might expect an increase in the cash and investment ISA limit to be welcomed, at least one dissenting voice has come from Steve Webb, former Pensions Minister and current policy director at Royal London. Webb has warned that the rise in April from the current annual limit of £15,240 up to £20,000 could encourage poor long-term investment...
  • Why it could make sense to switch banks

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    An investigation by the Competition and Markets Authority (CMA) has found that small businesses could save around £80 annually by switching to a bank account better suited to their financial needs, whilst customers could save themselves an average of £92 a year by doing the same. However, the figures for switching accounts are still remarkably smal...
  • 4 steps to keeping track of your pension

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    A recent study has revealed the worrying statistic that over a fifth of all people with multiple pensions have lost track of at least one, with some admitting to have forgotten the details of all of them. With around two thirds of UK residents having more than one pension, this amounts to approximately 6.6 million people with no idea how much they’...
  • What could be the best way to provide for your grandchildren?

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    With both property prices and the cost of living continuing to rise, as well as low interest rates making it difficult to save, the ‘Bank of Mum and Dad’ is increasingly becoming a partnership with the ‘Bank of Gran and Grandad’. If you have grandchildren, it’s only natural that you’ll want to provide for them in some way as you move towards your r...
  • House prices to slump in 2017?

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    Recent figures suggest that house prices are set to slow during 2017. Property prices grew by 5.7% in the year to the end of January, slower than the annual growth of 6.5% in the previous month. In January, the average UK home was valued at £220,260. Whilst prices in the three months to the end of January were higher than in the previous three mont...
  • Are tax bills set to rise?

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    A recent report from the Institute for Fiscal Studies (IFS) suggests that the amount of tax paid in the UK is set to rise to levels not seen for thirty years. Plans by the Chancellor, Philip Hammond, to increase tax rates and reduce public spending in order to fill the £34 billion hole in the budget, will mean that over 37% of the UK’s national inc...
  • LISA warnings highlight the need to make sure your investments are suitable

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    The Financial Conduct Authority (FCA) has recently voiced concerns that new Lifetime Individual Savings Accounts (LISAs), due to launch this year, could be putting some savers at risk if the product is not fully understood. LISAs are being sold as a way to earn bonuses if the money put into them is put towards the purchase of a home or saved for re...
  • What will the new government-backed savings bond mean for savers?

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    Amongst a generally gloomy Autumn Statement, chancellor Philip Hammond offered a potential ray of hope for those looking to achieve better returns on their nest egg, thanks to the announcement of a new government-backed savings bond. Set to become available from spring 2017 through National Savings & Investments (NS&I) for those prepared to...
  • 4 things to do before the end of the tax year

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    The beginning of a new calendar year should serve as a timely reminder that we’re only months away from the end of the current tax year. It might feel at the moment as though there’s plenty of time until the beginning of April, but ensuring you make use of the remaining months before they disappear is always a good idea. Here are our top four tips...
  • BUDGET PREVIEW FEBRUARY 2017

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    Introduction Let’s start this preview of the 2017 Spring Budget by looking back to the Autumn Statement of 2016 – Philip Hammond’s first major statement after replacing George Osborne as Chancellor of the Exchequer. In his first Autumn Statement, Hammond announced… the end of the Autumn Statement. Declaring that, “no other major economy makes hundr...