Blog

  • US election – the outcome and implications for the UK economy

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    With Republican candidate Donald Trump defying both the polls and expectations across the globe and convincingly winning the US election over Democrat candidate Hillary Clinton, 2016 will undoubtedly go down as the year of the political upset. The US dollar took a considerable hit after Trump’s victory was confirmed, but bounced back to a thirteen-...
  • Defined benefit pension transfer: is it worth it?

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    When it comes to saving for retirement, most people working within the private sector are likely to have a defined contribution (DC) pension. This essentially provides you with a savings pot you pay into throughout your working life; these savings grow over time through compound interest and tax relief and are, in most cases, only drawn upon once y...
  • Taking out a mortgage when retired: what happens if you end up in care?

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    Downsizing during your retirement years is something many people consider. Moving to a smaller property can cut down on maintenance and utility costs and if your new home is cheaper than your current property, you can even raise some cash to save or spend as you like. However, if you’re relocating to a more expensive area then you may need to take...
  • LOOKING BACK AT 2016: LOOKING FORWARD TO 2017

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    These notes were written on Monday 12th December, and all the information is accurate at that date: where quoted, stock market figures are as at 30th November. 2016 is a year that has seen some remarkable developments, but surely on 12th December we are now safe to look back over the year: nothing else can happen in the last two weeks of the year....
  • It’s proving popular to cash in smaller amounts from pensions

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    Recent figures suggest that whilst the number of retirees choosing to cash in their pension pots has increased, the amount being withdrawn by them has gone down. When pension freedoms were first introduced, the average sum taken out was around £20,000. This has since reduced considerably to an average of £10,000 according to statistics from the tax...
  • Millions have less than £100 in savings

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    A recent survey has revealed the startling statistic that over 16 million people in the UK have less than £100 of savings. In five areas of the country – Northern Ireland, the West Midlands, Yorkshire and Humber, North East England and Wales – over 50% of the adult population has savings amounting to less than that amount. The South East had the lo...
  • The ‘cost of dying’ is now racing ahead of the rate of inflation

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    Recent research has revealed that the cost of dying is now the fastest rising fixed cost in the UK, ahead of costs of living including rent, utilities and food. Funeral costs are also now rising faster than inflation, wages and pensions. The average cost of a funeral within the UK is now £3,897, which is 44% of the current total cost of dying per p...
  • Savings ‘Moments of Truth’

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    A  recent study has found that around one in three people in the 18-40 age bracket not only are not saving any money for when they retire, but also don’t consider it likely that they will begin paying towards their pension in the future. Many people aged between 30 and 40 said they now felt they had left it too late to begin putting money away for...
  • When’s the best time to do your Christmas shopping?

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    Are you one of those people who started planning their Christmas shopping for this year after the last mince pie of 2015 had been devoured? Or are you more of a last-minute gift-buyer who’ll be relying on pure adrenaline and whatever’s left in the shops on Christmas Eve? According to research from PricewaterhouseCoopers, more people are closer to...
  • The next generation’s need for planning may be even greater than our own

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    Research from the Institute of Fiscal Studies (IFS) surrounding wealth in the UK has been making headlines in recent months. The study has found that people born during the 1980s are now half as wealthy as those born in the 1970s were at the same stage in their lives. This makes children born during the Thatcher era the first generation since the S...