Category: News

Investment market update: March 2022

26.04.2022
Throughout March, the war in Ukraine continued to dominate headlines and affect investment portfolios around the world. Many companies, from well-known businesses like L’Oréal and Coca-Cola to smaller firms, have withdrawn operations from Russia, including online sales. Others, such as Unilever and Nestlé, have halted investment in the country but are continuing to provide some goods. This has led to some volatility within the markets,...
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3 interesting pieces of data that show why you shouldn’t panic during market volatility

26.04.2022
Over the last two years, investors have experienced a lot of volatility. If you’ve been tempted to change long-term plans, data can highlight why you shouldn’t panic. At the start of the Covid-19 pandemic, markets fell sharply, and investors continued to experience volatility as the situation and restrictions changed. Just as things were slowly getting back to “normal”, tensions with Russia began to rise and stock markets reacted strongly...
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33% of couples say they’re financially incompatible. Here are 7 tips for creating financial harmony

26.04.2022
How often do you talk about money with your partner? The way money is handled in a relationship can sometimes make or break a couple, and research suggests it’s something many people struggle with. According to a survey from Royal London, 62% of couples in the UK say they have argued with their partner about money. The most common reason is that one partner is deemed to be “spending too much”. While disagreements are part of every...
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“Midlifers” are hit by time and financial pressures. Financial planning can help balance your priorities

26.04.2022
Individuals aged between 40 and 60 – dubbed “midlifers” – are facing time and financial pressures as they try to support their families. Many are feeling the strain and don’t have the resources to focus on their own goals, and financial planning could help. According to a survey from Legal & General, 6 million midlifers are finding themselves caught in the middle of providing financial support to adult children and providing unpaid...
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Will disputes are on the rise. 3 things you can do to minimise the chances of your wishes being challenged

26.04.2022
A will is the only way for your wishes to be legally enforceable when you pass away. However, it’s becoming more common for families to dispute wills. So, what can you do to ensure your will is upheld? In most cases, a will is followed, and families will respect the wishes of the deceased. But the possibility of someone contesting your will is something you should think about. According to a report in iNews, the number of Inheritance Act...
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HMRC refunds £42 million in overpaid tax to pensioners. Have you paid too much?

26.04.2022
When you retire, your income may be coming from multiple sources, and it may not be regular. This can lead to some retirees being overtaxed. While you can claim back overpaid tax, it could affect your plans and you may not realise you’ve paid too much. Understanding your tax liability can help you manage your budget and income in retirement. Retirees have overpaid around £835 million in tax since 2015 In the last quarter of 2021 alone, HMRC...
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Your older pensions could be delivering “poor value for money”, and it could cost you thousands of pounds

26.04.2022
If you opened a defined contribution (DC) pension in the 1990s or 2000s, the charges you’re paying could be higher than comparable pensions opened more recently. Between now and your retirement, the difference could add up to thousands of pounds. Research conducted by the Institute for Fiscal Studies found that many older DC pensions deliver “poor value for money”. Among people in their 50s, the average annual fee for a DC pension taken out...
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Interest rates are rising. What does it mean for your mortgage?

15.03.2022
At the end of 2021, the Bank of England (BoE) raised its base interest rate from 0.1% to 0.25%. Then, the Bank increased the rate further in February to 0.5%, and now it has increased again to 0.75%. While the changes may seem small, they can have a significant effect on your mortgage – and further increases could happen this year. The BoE’s base rate has been low since the 2008 financial crisis. This has meant the cost of borrowing has been...
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It’s been 5 years since the 12-sided £1 coin entered circulation. How’s its value and use changed?

15.03.2022
It’s been five years since the Royal Mint introduced the 12-sided £1 coin. In that short time, the value of money and how we use it has changed significantly. When the Royal Mint announced the 12-sided £1 coin it said it was “the most secure coin in the world”. Features like being bimetallic and having a latent image means it’s much more difficult to counterfeit than its predecessor. Before the 12-sided coin was introduced, around 1 in...
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1 in 3 people say financial protection is too expensive, but can you afford to overlook it?

15.03.2022
Financial protection can provide you with a lump sum or regular income when you need it most, for example, if you’re unable to work due to a long-term illness. Research finds it’s something many people are putting off because they deem it too expensive, but you might be surprised by how affordable it is. According to a report in Professional Adviser, the pandemic has led to more people considering their ability to weather financial shocks...
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