News

  Baptism of fire (for Sunak and Bailey) When Andrew Bailey accepted the job of Governor of the Bank of England last year, he probably didn’t expect the first week or so in his new job would play out as it did. He certainly had no option but to hit the ground running. Following the […]

EMPTY NESTERS SITTING ON NEARLY £60,000 OF WASTED SPACE On average, over-50s in Britain have £56,574 worth of unused space standing empty in their properties (usually bedrooms belonging to children who have since flown the nest)3. Many are reluctant to downsize due to the nostalgia and memories linked to their family homes. LOWEST RISE IN […]

Acronyms Take Over Many Investment Concepts From ASOS to Zoopla, acronyms, abbreviations and made-up names are everywhere in the digital age. It may seem like a phenomenon largely confined to online marketing and, though there has been an eruption of new monikers in that arena, the process of shortening or updating ordinary corporate names, regulators’ […]

“WE WILL GET THROUGH THIS TOGETHER“ Newly appointed Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget on 11 March, against a backdrop of uncertainty following the COVID–19 outbreak and subsequent financial losses. It was the first of two Budgets to be delivered in 2020, with the second to follow in the autumn. COVID–19 […]

The latest population statistics released by the Office for National Statistics (ONS) show that the number of people in their nineties continues to grow. And this trend is raising serious concerns over whether traditional views of retirement are still fit for purpose. Population trends Figures from ONS show that the total number of people aged […]

As well as the Bank of Mum and Dad, the ‘Bank of Granny and Grandad’ now plays a major role in helping both prospective and existing homeowners. Recent figures show that nearly a third of buyers aged 18-34 were helped financially by their grandparents to buy their home and 12% of existing homeowners have received […]

HMRC data has revealed a significant increase in the total value of pension contributions exceeding the annual allowance, with more and more people falling foul of the complex rules and regulations. The latest personal pension statistics, which cover 2017/18, show a staggering 26,550 people reported contributions exceeding the £40,000 annual allowance in their self-assessment tax […]

IHT BILL RISES TO RECORD LEVEL Figures released by HMRC show a record amount of Inheritance Tax (IHT) was collected in the last financial year. In total, UK citizens paid £5.4bn in death duties in 2018/19, an increase of 3% on the previous year. This rise continues a long-term trend, with IHT receipts having doubled […]

Ethical investment has traversed into the mainstream, as people increasingly choose to allocate their investable funds toward companies whose values and practices align with their personal beliefs, whether they be environmental, social, religious, or political. Some investors may choose to eliminate specific industries or allocate to other sectors which meet their ethical preferences. This involves […]

FAMILIES RELYING HEAVILY ON GRANDPARENTS FOR FREE CHILDCARE For many families, childcare is a significant expense that often eats a good chunk out of their monthly income. It’s no surprise then, that many parents are turning to their own parents for help. Recent research1 shows that 85% of grandparents offer some kind of support with childcare, […]