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Financial Planning, Pensions, QROPS

State Pension Close to Extinction

9 Dec , 2014  

One in six MPs believes the state pension will certainly be extinct in 30 years time, a survey has shown. Presently people who get to retirement age with a complete national insurance policy record get £113.10 a week. Cost of the payments is rising as Britain’s population ages, with official numbers revealing the expense will […]

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Market Watch, Property

BoE says Mortgage Holders Could Cope with Rise in Interest Rates

9 Dec , 2014  

Headline reads: The majority of people with mortgages could cope with a rise in interest rates, the Bank of England has said. Small print reads: The assumption above is based on a 10% rise in household incomes. According to the Bank’s annual survey of household finances, just 4% of mortgage holders would need to take […]

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Market Watch

Japan slipping deeper into recession

9 Dec , 2014  

Japan has plunged into a deeper recession due to a big fall in business spending. Already in a technical recession following difficult first and second quarters, Japan’s economy shrank more that initially estimated in the third quarter of 2014, according to revised gross domestic product (GDP) figures released yesterday. An increase in the country’s sales […]

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Market Watch

Sharp Slowdown in China

9 Dec , 2014  

Trading data from China, the world’s second largest economy, came in well below expectations on Monday, intensifying fears of a sharper slowdown. China’s economic growth had slowed to 7.3% in the third quarter, marking its weakest quarter since the global financial crisis. A cooling property market and tighter credit conditions clearly weighing on growth. Last […]

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General, Property

The growth of house prices has slowed in the UK

9 Dec , 2014  

According to the latest figures from Halifax, the annual growth of property in the UK had slowed to 8.2% in November compared with 8.8% in October. The lender, part of Lloyds Banking Group, said that property prices were 0.4% higher last month than they were in October. The figures came on the same day that […]

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Financial Planning, Long Term Savings, Pensions, Retirement Planning

Where will you be?

8 Dec , 2014  

The graphic story of 100 young people, currently aged 25 years old. Forty years later, this is what awaits them at retirement age.  FYI: 93% of those who live to retirement age will be dependent on friends, relatives, and charity! So maybe the question should be, where do you want to be?

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Financial Planning

UK Interest held back again!

8 Dec , 2014  

UK interest rates have been held at 0.5 % for another month by the Bank of England. Additionally, it chose to preserve its quantitative easing programme, created to promote financing in the economy, at the £375bn current rate. The Bank’s Monetary Policy Committee has actually held prices at 0.5 % considering that March 2009 to […]

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Financial Planning, Pensions, QROPS

The end of public sector pension transfers

28 Nov , 2014  

Pension transfers from public sector pension schemes will be banned forever in five months. This means that from April 2015 transfers will no longer be permitted from the following ‘unfunded’ public sector schemes: NHS Teachers Civil Service Police Armed Forces Fire fighters Pension members, who are thinking of moving abroad or who are already living […]

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Financial Planning, International Mortgages, Regular Savings, Retirement Planning, Tax-free Growth

Is property a sound investment?

27 Nov , 2014  

A question that I often face as a financial advisor is, “would I be better putting my money into property?” The answer is, that it very much depends on your personal circumstances and you should sit down with an advisor to discuss those circumstances in full. As a general rule of thumb, if you are […]

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Financial Planning, Regular Savings, Retirement Planning, Tax-free Growth

[Infographic] The Retirement Outlook in the UK

13 Nov , 2014  

Retirement always feels like a long way off, but how many of us daydream about what we might do when we reach that golden age? Whilst we might dream about what we could do in our retirement, how many of us think about, or plan for, how we might pay for that lifestyle once we […]

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Financial Planning, Regular Savings, Tax-free Growth

What’s the difference between saving and investing?

4 Nov , 2014  

Question: Is there a difference between saving and investing money? Answer: Absolutely! There is a subtle but effective difference between saving and investing your money, although both are necessary when creating your financial plan. Saving money is simply about putting money aside on a regular basis. The chances are that you spend less money than […]

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Financial Planning, Long Term Savings, Regular Savings, Retirement Planning, Tax-free Growth

Average Private Pension will run out in 5 years! [Part 3]

30 Oct , 2014  

The Gaps According to new figures from financial services company True Potential, savers in the UK have added an average of £2,671.60 towards their pension pots of the last 12 months. That may sound like a substantial amount, but the truth is that over twenty years of retirement saving, that would only provide £6,011 a […]

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