Springing into action

Posted by siteadmin on Friday 9th of April 2021

Successful vaccination programmes are rolling out on both sides of the Atlantic, pointing to a brighter economic outlook.

The US and UK continued their rapid vaccine programmes to combat the coronavirus pandemic, while Europe lagged in its rollout, resulting in a resurgence of COVID-19 cases in some parts of the EU. As a result, the US and UK are likely to be able to reopen their broader economies sooner, while much of Europe still faces strict lockdowns.

Budg ...

Investment Update February 2021: Heading in the right direction

Posted by siteadmin on Friday 19th of February 2021

Despite rising coronavirus cases and increased lockdown measures, there was a renewed sense of optimism about the global recovery as we said goodbye to 2020

Although many countries have begun the new year under strict lockdown measures, vaccinations are providing a light at the end of the tunnel. Investors are optimistic that life will return to normal gradually in 2021 and that the economy will begin to heal.

While there’s been a spike in coronavirus infections dur ...

Plan for what is difficult while it is easy

Posted by siteadmin on Friday 15th of January 2021

We all know we need to save for retirement, don’t we? But we also know it’s not always that easy to find the spare cash required to do so, especially amid a global pandemic.

Research studies, though, typically show that many retirees wish they’d saved on a more consistent basis and managed to accumulate a larger nest egg. Mike is one of those people who entered retirement harbouring financial regrets.

Plan? What plan…? ...

Are your kids worried about money?

Posted by siteadmin on Friday 15th of January 2021

Has the pandemic caused you to worry more than usual about your finances? Well, you’re not alone…
With 47% of respondents to a global survey stating they are less well-off now compared to before the pandemic and 24% worried about job security, it’s clear that the virus is continuing to wreak havoc on our financial – and mental health.

The kids are… not alright
And it’s not just adults who are feeling the pressur ...

Tax-free investing It's time to talk

Posted by siteadmin on Friday 11th of December 2020

With the first wave of Child Trust Funds maturing this year, there’s a great opportunity to talk to your children about the benefits of saving and investing.

If one of your children has recently celebrated their 18th birthday then there’s a good chance they’ll have some money in a Child Trust Fund (CTF), which they can now access for the first time. It could be worth thousands of pounds depending on how much you’ve contributed over the years.

Although this might sound ...

Business Protection. You need it more than ever

Posted by siteadmin on Friday 11th of December 2020

Prior to lockdown, over half (51%) of businesses had some form of debt, owing an average of £176,000 each – and yet just 20% used an insurance policy as security.

To add to this already significant issue, bank lending to struggling businesses via government-backed COVID-19 loan schemes reached nearly £52bn as of mid-August – meaning that UK businesses are more heavily indebted than ever.

Business loan protection
Business loan protection provides fu ...

How has COVID-19 affected your retirement?

Posted by siteadmin on Friday 4th of December 2020

  • 2.6% - the average pension fund is 2.6% lower than at the start of year
  • 1.5 million people over the age of 50 are planning to delay their retirement
  • 15% plan to delay retirement by an average of three years
  • 26% say they plan on working indefinitely

The coronavirus pandemic has not been kind to older generations. As well as having a greatly increased risk of serious health complications from the virus itself, older people have su ...

Mortgage Payment Holiday Update November 2020

Posted by siteadmin on Friday 20th of November 2020

On 17 November the FCA confirmed guidance for homeowners struggling financially due to coronavirus. The mortgage payment holidays scheme, first announced in March and then extended in May, has been further extended until 31 March 2021.

How does it work?

  • Those who have not yet had a payment holiday will be eligible for payment holidays of 6 months in total.
  • Those who currently have a payment holida ...

Markets react positively to election news

Posted by siteadmin on Friday 13th of November 2020

After days of tension, news came in over the weekend that Joe Biden won the key battleground of Pennsylvania, 20 electoral votes was enough to push him over the magical 270 threshold, securing his bid to become the next US President and take up residency in the White House. However, things aren’t clear cut, as the Trump campaign has indicated the incumbent President does not plan to concede, amid claims of voter fraud.

Global stocks responded positively to the pro ...

The Bank of...Granny and Grandad?

Posted by siteadmin on Friday 23rd of October 2020

For many younger people struggling to get a foot on the property ladder, the Bank of Mum and Dad is the only option. With rent taking a huge chunk out of their income and the requirement for increasingly onerous deposits, two in five renters do not believe they will ever be in a position to buy a property, despite a desire to own a place of their own. That’s where Bank of Mum and Dad come in, as well as ever more frequently, the Bank of Granny and Grandad.

Among the UK’s l ...