Wealth Management News

Is the Bank of England moving closer to August interest rate rise? - 9 July 2018

The most recent meeting of the Bank of England’s monetary policy committee (MPC) saw a margin of six to three against a rate rise, leading to predictions that the next committee meeting in August could see the base rate increase.

Half of millennials call on the Bank of Mum and Dad for money to fund home purchases – as well as grocery shops - 9 July 2018

With young people in the UK struggling to get on to the property market and often saddled with debt, it is not surprising that new research has revealed that more than half of all adults aged between 21 and 35

New study suggests UK workers have concerns about their retirement savings - 9 July 2018

A new study into the attitudes of workers has found that around 40 per cent of people across Britain are worried about their ability to retire comfortably. The fear is not surprising as 13 per cent of the 950 people

Are you aware of this little-known pension freedoms rule? - 9 July 2018

While most people are aware of pension freedoms, and the ability they give to drawdown on your pension pot early, very few are aware of the benefit they give to your family when a pension is inherited. And neither do

Base rate yet to have a significant effect on savers’ rates - 5 June 2018

The number of accounts paying returns over the base rate has dropped by 77 since the rate rose to 0.5 per cent in November 2017, according to the Moneyfacts UK Savings Trends Treasury Report. In its release the online publication

100,000 defined benefit pension holders transfer out in 2017/18 - 5 June 2018

A Freedom of Information (FOI) request made to The Pensions Regulator (TPR) has revealed that an estimated 100,000 members transferred out of their defined benefit (DB) pension schemes between 1 April 2017 and 31 March 2018. In its response to

Next 18-months will see thousands of interest-only mortgages mature - 5 June 2018

New figures from UK Finance have revealed that nearly 200,000 interest-only mortgages are due to mature over the next year and a half. Over the past six years, the number of homeowners on interest-only mortgages has fallen, with numbers declining

Workplace pension contributions more than double - 9 May 2018

The percentage of salary employers and employees must contribute to a workplace pension has increased from 6 April 2018. Employees will now contribute three per cent (up from one per cent) of their annual salary into a personal workplace pension,

Millennials’ pension saving falls - 9 May 2018

The total amount saved by millennials for their retirements fell between 2010 and 2016, despite a marked increase in the proportion saving for old age. Analysis of Office for National Statistics (ONS) data by Equinity found 35 per cent of

Cut to Stamp Duty benefits 70,000 first-time homeowners - 9 May 2018

Almost 70,000 individuals have benefited from average savings of around £2,300 since Chancellor Philip Hammond introduced a new Stamp Duty Land Tax (SDLT) relief for first-time buyers in his autumn 2017 Budget. Purchases of up to £500,000 by first-time buyers