Wealth Management News

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

Self-employed workers may face a pensions crisis - 19 September 2018

According to new research self-employed workers in the UK may be heading towards a retirement saving crisis. Insurers, Prudential, spoke to more than 1,200 self-employed people across the country and found that nearly half (43 per cent) have no pension

A fifth of property investors intend to stay in the market for life - 19 September 2018

According to a new study around one in five landlords intend to remain in the buy-to-let market indefinitely, while a similar number of portfolio landlords intend to do the same. Put together by Foundation Home Loans, the new research suggests

Making sense of life cover - 19 September 2018

Consumers often use the term life insurance and life assurance to mean the same thing, but the two types of policy are often drastically different from one another. While both of these products effectively offer surviving spouses, partners and family

Retirees warned not to cash out of DB pensions - 19 September 2018

The Pensions Regulator (TPR) has warned pension schemes not to be too generous when offering lump sums to people thinking about cashing out of defined benefit (DB) retirement schemes. TPR wrote to 14 schemes earlier this year to raise a

Elderly people with savings pay £195 more a week on average for care - 8 August 2018

A new report has identified that those who save for care in later life could pay up £10,000 a year more than those whose bills are met by local councils. The figures, prepared by care analysts LaingBuisson, found that those

Banks called on by FCA to create ‘basic savings rate’ to help savers - 8 August 2018

The Financial Conduct Authority (FCA) has suggested that banks may be required to set a minimum interest rate for some of their savings accounts under new rules it is considering. The new move comes following growing concern that many savers

Pension withdrawals hit £2.3 billion in second quarter - 8 August 2018

New data has shown that pension holders withdrew more than £2.3 billion during the second quarter of 2018 under the pension freedom rules. According to HM Revenue & Customs (HMRC), this was an increase of 35 per cent compared to