Blog

  • BREXIT TAKES OFF

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    Theresa May has formally notified the European Union of Britain’s intention to leave Sunday’s papers could not have been more divided. ‘This week the UK will throw into jeopardy 60 years of unparalleled European peace, security and prosperity’ warned the Observer. While a triumphalist Sunday Express declared, ‘EU laws head for the dustbin from next...
  • 4 great ways to make your money go further

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    January is a month that often feels twice as long in financial terms after the extravagances of Christmas and New Year, but just because we’ve reached March and your bank balance is finally looking a bit healthier doesn’t mean giving up all those thrifty habits you’ve adopted at the start of the year. It’s far better to capitalise on your good fina...
  • Should I transfer out of my final salary pension scheme?

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    Retirement consultancy Mercer recently revealed that the final salary pension deficit of the 350 largest companies listed in the UK had reached £137 billion by the end of last year, despite the FTSE 100 index closing 2016 at a record high. That figure is more than three times the corresponding deficit amount of £39 billion at the end of 2015. “This...
  • 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...