Wealth Management News
One in five Britons have no savings to fall back on - 5 December 2018
According to a new study, three-quarters of people in the UK – from across various social and economic backgrounds – are worried about their current financial situation. The research, put together by Salary Finance, revealed that 20 per cent of
UK mortgage approvals on the rise - 5 December 2018
The latest data on UK mortgages show that British banks have approved more mortgages for house purchases than they have done in any of the previous four months. UK Finance’s latest figures show that in October the number of mortgages
Over 50s would need £500,000 windfall to consider seeking advice - 5 December 2018
According to the London Institute of Banking and Finance, the majority of over 50s would not consider consulting a financial adviser unless they had more than £500,000 in the bank. Women were more reluctant than men are to consult an adviser,
Research reveals Inheritance Tax hotspots across the UK - 21 November 2018
New research has revealed that the affluent area surrounding Guildford in Surrey has the highest proportion of people paying Inheritance Tax (IHT). The study showed that 658 estates were subject to the tax the town in 2015/16, paying on average
Mortgage approval value recovers, but the number of approvals remains unchanged - 21 November 2018
The latest data from the Bank of England (BoE) has revealed a sudden surge in the value of mortgage approvals in September as banks approve £3.9 billion worth of borrowing. It comes following a drop in the value of mortgage
Government to introduce pension cold calling ban - 21 November 2018
The Government has announced that it intends to ban the practice of pension cold-calling in the coming months. HM Treasury is currently in the process of publishing draft regulations on the ban, which will be enacted in the coming months.
Higher-rate tax threshold increases a year early – but comes with a sting in its tail - 21 November 2018
Hailed as the centrepiece of this year’s Budget, the Chancellor’s increase to the higher-rate tax threshold looked to offer a boost of up to £3 billion to high earners, however, further investigation reveals half of the gains could be lost
Life expectancy improvement grinds to a halt, but how will it affect retirement? - 2 October 2018
According to the Office for National Statistics (ONS) the UK saw no improvements to life expectancy between 2015 and 2017, despite the number of people aged 90 or over hitting a record high. The new data shows that the average
Mortgage rates go up last month but savers still getting a poor deal - 2 October 2018
The recent announcement that inflation has risen in the UK by a significant amount has led to much conjecture about the potential for future increases to the Bank of England’s base rate. While traditionally this would have been welcomed by
More than 1.5 million of Premium Bond prizes lay unclaimed, according to NS&I - 2 October 2018
The organisation behind the Premium Bond scheme has revealed that around £60 million worth of prizes are still waiting to be collected. NS&I have said that there are often a number of reasons for bonds going unclaimed, including the fact
