End of the Tax Year Considerations

21 Feb 2020

Maximising your finances before the end of the tax year is always recommended and having now completed your tax return, it’s a good time to get prepared and look at your financial options.  It’s an opportunity to top up your

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HMRC stings Lifetime Isa savers with £9m of charges

28 Jan 2020

New data obtained from HM Revenue & Customs (HMRC) has shown that Lifetime Isa (LISA) savers have been charged more than £9 million in penalties for accessing their accounts since 2018. According to a Freedom of Information Request, withdrawal charges

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UK savers have more than £870bn in the bank

27 Jan 2020

The latest data from banking trade body UK Finance has shown that the British public has more than £870 billion in savings within major high street banks. Savings increased by 2.6 per cent in November 2019 compared to the previous

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Climate change a big risk to pensions, warns Carney

27 Jan 2020

The outgoing Governor of the Bank of England, Mark Carney, has said that thousands of UK pension schemes could be at risk of becoming worthless due to the challenges of climate change. Speaking during an interview with Radio 4’s Today

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At what age do you want to retire?

18 Dec 2019

With the General Election now behind us and the Conservatives retaining power, it’s likely that the State pension age increases will stay in line with reaching 67 for both men and women by the year 2028 – a mere 8

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Lifetime financial advice could make you nearly £50,000 better off

18 Dec 2019

A new study supported by former Pensions Minister, Steve Webb, has found that regular professional financial advice provides an average uplift in wealth of £47,000 during a 10 year period. According to analysis by the International Longevity Centre, those individuals

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Study indicates that many women aren’t saving as much as men for later life

18 Dec 2019

New research has indicated that while the number of women saving for retirement is increasing, the amount actually saved is considerably less than their male counterparts. According to the Scottish Widows Women and Retirement Report, average retirement savings for women

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Gross mortgage lending increases by almost four per cent

29 Nov 2019

According to the latest UK Household Finance Update Gross mortgage lending across the residential market saw a yearly increase of 3.7 per cent. Mortgage approvals for new purchasers were also 13.5 per cent higher and remortgage approvals rose by 23.4

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Interest rates likely to fall regardless of any Brexit

27 Nov 2019

Michael Saunders, a Bank of England (BoE) policymaker, has said that regardless of what direction Brexit does or doesn’t take in the coming months, the Bank is already considering cutting interest rates. Interest rates in the UK have been on

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Do you need £1 million to enjoy a good retirement?

27 Nov 2019

The Retirement Living Standards report has revealed that in order to enjoy a ‘comfortable’ retirement couples may need to save up to £1 million. Prepared by the Pensions and Lifetime Savings Association, the report found that for people to enjoy

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