It’s important we continue to focus on long-term investing; “time in the market, not timing the market”. During this difficult time, fear and worry are understandable, particularly as the coronavirus (COVID-19) outbreak led to the biggest daily drop in the FTSE 100 since the financial crisis of 1987. Trying to second-guess the impact of events…
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The coronavirus (COVID-19) is having a widespread impact across all aspects of financial life, including retirement plans. The current global stock market turbulence, as a consequence of COVID-19, will no doubt be concerning for individuals whose pension savings are invested partly or fully during these volatile market conditions. However, making decisions based on what’s happening…
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The latest edition of our TIPS financial magazine is now available to download form our website. It’s been a very challenging time for many of our clients, their families, their employees and the wider business community. During this difficult time, we hope you’re staying safe. The ongoing news of the impact of the coronavirus pandemic…
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We realise these are uncertain times for all so we’ve put together some factsheets to provide you with some financial guidance during the coronavirus pandemic. Our independent financial advisers are still available to speak with should you have any questions or need advice on your financial plans and goals.
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There are currently a lot of coronavirus investment scams out there; if it sounds too good to be true, it probably is. Fraudsters are getting more sophisticated, particularly with investment scams. They can be articulate and financially knowledgeable, with credible websites, testimonials and materials that are hard to distinguish from the real thing. From simple…
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Income protection insurance may never have been as important as right now. How would you pay the bills if you were sick or injured and couldn’t work? There is a growing unease about the economic fallout of coronavirus (COVID-19), with many businesses laying off contractors and putting staff on extended leave, as well as natural…
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The Government has introduced measures for protecting renters affected by coronavirus. No rent in either social or private accommodation will be forced out of their home. This radical package of measures protects renters and landlords. Serving notice to end the tenancy From 26 March 2020, landlords now have to give all renters three months; notice…
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The Chancellor of the Exchequer, Rishi Sunak, unveiled unprecedented government aid for the self-employed via the Self-employment Income Support Scheme. There are around five million people who are self-employed and freelance across the UK, and many will be relieved to hear that financial support is on the way to help those impacted by coronavirus. Lost…
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Applying for a three month mortgage payment holiday could help to ease some of the stress borrowers may be facing during the pandemic outbreak. Mortgage borrowers that have been adversely affected financially by coronavirus (COVID-19) may want to consider requesting to take a mortgage payment holiday on their residential or buy-to-let mortgage for up to…
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Divorce is an emotional and stressful period for those who have to go through it, but it’s important that people realise a pension is a valuable asset in divorce. This is particularly problematic given the average age of divorcees, and it is more likely that a woman will not have any sizeable pension of her…
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There are different retirement options available and in his 2015 Spring budget, then-chancellor George Osborne introduced sweeping changes to the way that pensions are taxed. The new pension freedom rules have led to the over-55s being faced with a variety of different choices when taking and investing their nest eggs; £19m is released each day…
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One of the questions our clients almost always asks is are: ‘Will my retirement income be enough to live on comfortably?’ Worryingly, it’s been documented that many Britons aren’t saving enough in their pension for their retirement. Figures published by HM Revenue & Customs (HMRC)[1] in September 2019 show that the annual average contributions that…
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