Wealth Management News

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

New mortgages launch with buy-to-let tax changes in mind - 12 May 2017

With the start of the 2017-18 tax year last month, the latest in a series of changes affecting buy-to-let landlords came into effect. These latest changes mean that tax relief on mortgage interest is being phased out between now and

Banks reject cash LISA on launch - 12 May 2017

A grand total of zero banks and building societies have opted to take up the Government’s new Lifetime ISA (LISA) cash account on the day of its launch, it has emerged. The news indicates that banking groups have taken very

Older generation to pass on bulk of wealth to children, not grandchildren - 12 May 2017

New research suggests that, in coming years, the bulk of the older generation’s wealth will be passed on to children as opposed to grandchildren – to the tune of more than £400bn. The figure comes after a study carried out

Bricks and mortar for mortar boards – are student digs the best property investments in Britain? - 3 April 2017

The image that is likely to spring to mind when you think of prime property investment opportunities is of shimmering waterfront apartment complexes, not student halls of residence. But research published recently by Savills shows that 51,150 student rooms in

Get up to £32,000 from the Government with the new Lifetime ISA (LISA) - 3 April 2017

Announced by George Osborne in his final Budget last year, LISAs will be available from 6 April 2017 to anyone between the ages of 18 and 39. Unlike other ISAs, LISAs offer a 25 per cent Government bonus worth up

Overseas pension transfers to be hit by 25 per cent charge - 3 April 2017

While the Chancellor’s Spring Budget was generally quiet in terms of announcements concerning pensions, one particular measure will be significant for anyone wishing to transfer their pensions overseas. The new measure sees a 25 per cent charge applied to transfers