News

The past few years have been challenging for investors with a series of unforeseen events and rising geopolitical tensions weighing heavily on global markets and, as a new year dawns, many issues remain unresolved. However, while such times are disconcerting for investors, historically the best way to achieve financial empowerment is by sticking to a […]

Buyers priced out  Some 41% of participants in a recent survey1 agreed with the statement, ‘I cannot afford to live in the area I want or need to live in’. Many renters and homeowners alike were unhappy with their current location, with job opportunities (37%), proximity to friends and family (35%) and a better lifestyle […]

Digital pound likely this decade  The Treasury and the Bank of England have started consultations on a potential digital pound, or central bank digital currency (CBDC), that could be used by households and businesses instead of cash for everyday payments in-store and online. Chancellor Jeremy Hunt said, “We want to investigate what is possible first, […]

Land driving surge in UK’s net worth   Recent data from the Office for National Statistics (ONS)1 shows that the UK’s net worth rose by £1trn in 2021, to total £11.8trn, the largest annual increase on record (9.2%). This rise can be attributed to the increasing value of land, accounting for over 60% of net worth. […]

An increasing number of older homeowners are choosing to release equity, latest figures1 reveal, with cost-of-living pressures still the main reason for tapping into the value of their home.  Equity release allows over-55s to access some of the value of their home as tax-free cash. In total, homeowners used equity release to borrow £6.2bn in […]

It’s estimated that the number of people aged 50 to 64 who are economically inactive sits at 3.6 million, which is 300,000 higher than pre-pandemic1. There is no doubt that the UK’s economic growth will, in part, be reliant on getting the over-50s back into work.  If you retired early but are now having second […]

The Financial Conduct Authority (FCA) has been reported to estimate over a quarter of a million homeowners are trapped on mortgage deals because their lenders have become inactive or unable to authorise new products1.  What could change?  Many of these ‘mortgage prisoners’ are no longer able to keep up with repayments, prompting campaigners to reiterate […]

It can be difficult to understand what funds you’ll need to finance the retirement you dream about and how this compares to your projected pensions income. It’s even harder to keep track when the cost of living is spiralling.  Setting standards  The Pensions and Lifetime Savings Association (PLSA) developed its Retirement Living Standards1 to help […]

Rising rates have been a feature of the mortgage market for almost a year. Following the latest Bank Rate rise, how should mortgage holders react?  What happened?  With Bank Rate at its highest level in 15 years, in the short term, this will affect anyone with a tracker or variable rate mortgage through higher repayments. […]

A recent survey1 suggests investors are becoming more confident despite ongoing challenges on the economic front. While this is certainly encouraging, maintaining a long-term outlook and retaining a strong sense of discipline in investment positioning remains a prerequisite for any successful investor.  An air of optimism  It’s fair to say 2022 was a turbulent year […]