The value of investment advice

Posted by siteadmin on Tuesday 24th of April 2018

Let’s be honest. Seeking advice on how to look after your money may not be as fun as the immediate thrill of spending it, but it could be a rewarding decision in the long run.

Research published last summer by the International Longevity Centre for Royal London found that those who received financial advice in the 2001-2007 period were around £40,000 better off than their unadvised peers by 2012-14. The report also found that 9 in 10 people were satisfied with the advice received, with the clear majority deciding to go with their adviser’s ...


The importance of diversification

Posted by siteadmin on Tuesday 10th of April 2018

With ISA season comes the usual fanfare in the money pages about which investments will deliver the best returns – peppered with the usual important caveats about investment performance and the potential for loss of course.

Every commentator will have a different idea about which areas and which funds are the best bet; and these varying opinions can cause confusion for anyone relying on their expertise.

It’s also important to note that none of these talking heads will be privy to your specific financial circumstances and goals – no matter...


The gold standard in advice

Posted by siteadmin on Monday 12th of March 2018

The prestigious ‘Chartered Financial Planner’, designated by the Chartered Insurance Institute (CII), is the industry’s gold standard for financial planning firms.

Achieving Chartered status means an adviser, or financial planning firm, has committed to the highest levels of technical and professional knowledge and competence. They have successfully completed advanced professional qualifications and can demonstrate an ongoing commitment to continuing professional development and adherence to an industry standard Code of Ethics.

Although th...


Are you considering pensions to get money out of your company?

Posted by siteadmin on Wednesday 28th of February 2018

New research has suggested that UK’s Small and Medium Enterprises (SMEs) are optimistic about the global economy and their role in it.  If this applies to you and you have built up a healthy balance sheet, you may be considering how you can release money from your business in a tax efficient way.
 
Most business owners are aware how they can do this through dividend payments or by paying a higher salary or bonus.  However, making a pension contribution may be something that you have not considered.  We believe this may be an effective tax ...

The ABC of Junior ISAs

Posted by siteadmin on Tuesday 9th of January 2018

The Junior Individual Savings Account (ISA) was introduced in 2011, 12 years after the launch of the original ISA in 1999, which recently celebrated its 18th birthday

In a nutshell, the Junior ISA is a long-term, tax-free savings account for children. It effectively replaced the Child Trust Fund and aims to enable parents to save a tax-efficient nest egg for their children.

There are two types of Junior ISA and your child can have one or both types:

• A cash Junior ISA, where you won’t pay tax on interest on the cash you save.

• A stocks...


Do you spend more on your hair than your pension?

Posted by siteadmin on Monday 9th of October 2017

When it comes to keeping our tresses looking their best men spend £364 per year on cuts colour, shampoo, conditioner and styling products. Women spend more than double at £751 per year. With an average cut being £18.50 for men and £42.63 what can be done to save money on your new do?


Opt for a dry cut? – save on the cost of washing and drying
Check your options? - a senior stylist will cost more than a newly qualified or senior stylist
Go on a weekday? – Or try and get a cancellation gap. Some salons will offer a lower rate for those who can ...


The search for a reliable retirement income

Posted by siteadmin on Monday 24th of October 2016

The search for a reliable retirement income

 The April 2015 pensions changes scrapped compulsory annuities, giving pensioners greater choice over how to take their retirement income.

In principle, this historic change to UK pension legislation opened up a range of investment opportunities. With increased control of their pension, investors can seek to position their portfolios to deliver the income required, while retaining – and perhaps even growing – their invested capital.

Generating income in a low interest-rate environment

While the...


A year on from pension freedoms

Posted by siteadmin on Friday 15th of July 2016

n April 2015 the government introduced the most significant pension reforms for a generation.

The reforms give people who’ve worked and saved hard greater flexibility over how and when they access their pension savings and mean anyone reaching retirement age has been able to withdraw some, or all, of their pension (subject to tax on everything above the first 25% they take out).

Lamborghini sales unaffected

A year on and figures suggest over 230,000 people have accessed more than £4.3 billion from pension funds. The average withdrawal is ...


The pension gender gap

Posted by siteadmin on Saturday 6th of February 2016

AEGON’s latest annual retirement readiness survey highlights the challenges faced by homemakers when it comes to retirement and reinforces the importance of advice when it comes to financial planning.

The survey identifies homemakers as typically women, aged between 18 and 44, and are likely to be reliant on a partner or spouse for their income while they raise the children and keep the home.


Mind the gender gap

The role of women as homemakers impacts on their ability to earn, but even when they are in work, women are paid, on average, ar...


When Can I Retire?

Posted by siteadmin on Friday 9th of October 2015

“How much do I need for my retirement” is arguably one of the most serious questions facing a working-age adult. The answer ultimately depends on two questions. When do you want to retire and what kind of retirement do you want to have?

Planning Your Retirement

If you want to retire at 55 and spend the rest of your life cruising the world on your private yacht, you’re going to need a whole lot more money than if you want to retire at 75, downsize your house and spend the rest of your life writing, painting and gardening. Therefore step one...