Financial Planning News

Converting a Help to Buy ISA into a Lifetime ISA

With help-to-buy ISAs being phased out on 30th November 2019, many people are considering transferring their funds into a Lifetime ISA. You’ll still be able to access existing help-to-buy accounts until 30th November 2029, but it’s worth knowing which option is right for you. Help-to-buy ISAs have been around since before the Lifetime ISA was introduced – each have different conditions. With a help-to-buy ISA, you can use your savings and the government bonus to purchase a home that costs up to £250,000 outside of London, or £450,000 in London. With a Lifetime ISA, the property price limit is £450,000 Read More

Savers turning to watchdogs in the fight against pension scammers

For those who want to stay safe from the efforts of pension scammers, help is out there. It’s just as well because such help is in high demand. Between August and October alone last year, the Financial Conduct Authority’s (FCA) ScamSmart website had over 173,000 unique visitors. That’s around 3,145 people per day on average, or one person every 27 seconds. The FCA and The Pensions Regulator founded their pension fraud awareness campaign in the summer and since its launch, the number of visitors has rocketed. The website highlights common red flags to watch out for, as well as offering Read More

Huawei or the highway

  Huawei has held a spot in the headlines recently for a number of reasons, but you may be asking, what is Huawei (pronounced “Wah-Way”) and why is it of interest? The Chinese telecommunications company was founded in 1987 and began by developing equipment for mobile phone networks. Since then it has evolved and grown into a much larger entity. Overtaking companies like Nokia and Ericsson, Huawei has become a global leader in its field. Most recently, they’ve ventured into making smartphones and in doing so have secured around 15% of the market. To put that in context, that’s more Read More