Wealth Management News

First-time buyers exempted from SDLT on homes up to £300,000 - 6 December 2017

First-time buyers across the UK are celebrating after the Government brought an immediate end to Stamp Duty Land Tax (SDLT) on first home purchases on properties worth up to £300,000 – as well as savings on homes worth up to

Are interest rates on savings finally set to rise following change in the base rate? - 6 December 2017

In November, the Bank of England took the decision to raise its base rate for the first time in a decade, from 0.25 per cent to 0.5 per cent. While the increase may only be small, savers across the country

Women nearing retirement have half the savings of men - 6 December 2017

A committee of MPs has been told by a leading economist that women aged between 60 and 65 have on average less than half the pension pots of men of the same age. Michael Johnson, research fellow at the Centre

More than 15 million people still have no private pension in the UK, according to the FCA - 8 November 2017

The Financial Conduct Authority has warned that more than 15 million people in the UK still have no pension savings, despite the introduction of workplace pensions. Its latest Financial Lives survey questioned 13,000 consumers revealing that 31 per cent of

Workers likely to face problems with final salary pension schemes - 8 November 2017

A number of leading associations are warning that members of final salary pension schemes could face problems in the future. Amongst those issuing warnings is the powerful pensions body, the Pension and Lifetime Savings Association (PLSA), which has said that

Millennials warned to plan ahead as intergenerational wealth gap widens - 8 November 2017

Britain’s younger generations are likely to get left behind due to debt and high house prices creating an inequality of wealth, according to a new report. The Institute for Public Policy Research (IPPR) has found that the poorest half of

New Bank of England rules for landlords with multiple properties - 10 October 2017

As of 1 October 2017, new Bank of England rules are in force which affect any landlords with four properties or more that wish to apply for a new buy-to-let mortgage, or to refinance an existing property. Due to concerns

Investors beware: FCA warns of dangers of digital currency - 10 October 2017

The Financial Conduct Authority (FCA) has warned consumers of the dangers of investing in cryptocurrency, as concerns grow that they lack any intrinsic value. Initial coin offerings (ICOs) – not to be confused with initial public offerings (IPOs) – are

Robots should be used to reverse the state pension age, says TUC - 10 October 2017

The TUC has argued that robotics and artificial intelligence (AI) should be used to benefit working people – for example, by reducing the state pension age. In a new report, the umbrella body for trade unions investigated how the next

HMRC’s withdrawal of paper copies of important tax document may affect self-employed workers’ mortgage applications - 25 September 2017

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently it