Wealth Management News

Household savings down by almost half in Q1 of 2017 - 2 August 2017

Worrying data published by the Office for National Statistics (ONS) towards the end of July has revealed that household savings hit a record low in the first quarter (Q1) of 2017 – after falling by as much as 48 per

State pension age to be increased to 68 - 2 August 2017

Under new Government proposals, as many as seven million UK men and women will have to wait a year longer than expected to get their state pension. This is because the UK’s existing state pension age of 67 will be

Study reveals fall in mortgage costs - 2 August 2017

A new study suggests that mortgage costs across the UK are falling – a trend that is expected to continue well into the near future. According to the latest quarterly product data analysis from market analysts Mortgage Brain, there has

Interest rates could be set to rise in coming months - 10 July 2017

Senior officials at the Bank of England (BoE) appear to be at odds with one another over whether interest rates should be increased in the wake of post-election uncertainty. Throughout June, rumours of an interest rate rise dominated the media

No deposit, no problem – 95 per cent mortgages bounce back - 10 July 2017

Banks and building societies are offering a record number of mortgages for buyers with small deposits, a report has revealed. Around 300 95 per cent products were available last month – the highest number seen in any June since the

£50bn liberated from defined benefit pensions since introduction of freedoms - 10 July 2017

New research has revealed that £50bn worth of defined benefit (DB) transfers have taken place since changes to pension freedoms were first introduced in April 2015. The data, which was recently highlighted in the Financial Times, claims that there has

Brexit stock market boost creates record numbers of ISA millionaires - 6 June 2017

A growing number of savers who have stocks and shares ISAs are finding that they are becoming ISA millionaires, boosted by a quickly rising stock market. Including reinvested dividends, the FTSE All Share index gave a return of 22 per

Mortgage market responds to ‘Bank of Mum and Dad’ phenomenon - 6 June 2017

Research from the Centre for Economics and Business Research think tank predicts that UK parents will contribute as much as £6.5 billion to their children’s property purchases this year, representing more than a quarter of new home purchases. But if

Rule changes could hit pensioners in the pocket - 6 June 2017

Pensioners with ‘capped drawdown’ pensions could find that they are hit hard in the pocket this summer as a consequence of a little-known change. Under ‘capped drawdown’ arrangements, which were available until 2015, individuals were able to retain their full

Women’s ‘worryingly low’ levels of financial protection - 12 May 2017

New research shows that a shocking number of women lack the crucial protection of life or critical illness cover – despite half of working age women being their family’s main breadwinner. The research, which was carried out by the insurer