Wealth Management News

Up to a third of millennials could be invested in cryptocurrency by close of 2018 - 3 January 2018

A new report has predicted that a third of millennials – those born between the early 1980s and 2000s – will have money invested in cryptocurrency by the end of next year. Conducted by the London Block Exchange (LBX), the

Only half of employees are happy with rise in Workplace Pension contributions - 3 January 2018

A new study by Aviva has found that only 50 per cent of the 2,007 people it surveyed would definitely stay ‘opted in’ to a workplace pension scheme following a rise in minimum contributions. From April 2018, minimum pension contributions

UK private housing stock worth £6 trillion - 3 January 2018

For the first time ever, UK private housing stock has surpassed the £6 trillion value mark, according to the latest research from the Halifax. The Halifax report has shown that in 2017 the value of privately-owned homes has grown by

First-time buyers exempted from SDLT on homes up to £300,000 - 6 December 2017

First-time buyers across the UK are celebrating after the Government brought an immediate end to Stamp Duty Land Tax (SDLT) on first home purchases on properties worth up to £300,000 – as well as savings on homes worth up to

Are interest rates on savings finally set to rise following change in the base rate? - 6 December 2017

In November, the Bank of England took the decision to raise its base rate for the first time in a decade, from 0.25 per cent to 0.5 per cent. While the increase may only be small, savers across the country

Women nearing retirement have half the savings of men - 6 December 2017

A committee of MPs has been told by a leading economist that women aged between 60 and 65 have on average less than half the pension pots of men of the same age. Michael Johnson, research fellow at the Centre

More than 15 million people still have no private pension in the UK, according to the FCA - 8 November 2017

The Financial Conduct Authority has warned that more than 15 million people in the UK still have no pension savings, despite the introduction of workplace pensions. Its latest Financial Lives survey questioned 13,000 consumers revealing that 31 per cent of

Workers likely to face problems with final salary pension schemes - 8 November 2017

A number of leading associations are warning that members of final salary pension schemes could face problems in the future. Amongst those issuing warnings is the powerful pensions body, the Pension and Lifetime Savings Association (PLSA), which has said that

Millennials warned to plan ahead as intergenerational wealth gap widens - 8 November 2017

Britain’s younger generations are likely to get left behind due to debt and high house prices creating an inequality of wealth, according to a new report. The Institute for Public Policy Research (IPPR) has found that the poorest half of

New Bank of England rules for landlords with multiple properties - 10 October 2017

As of 1 October 2017, new Bank of England rules are in force which affect any landlords with four properties or more that wish to apply for a new buy-to-let mortgage, or to refinance an existing property. Due to concerns