Introduction May was a relatively quiet month, virtually nothing of any importance happened at all. Well, apart from the European elections, Theresa May’s decision to stand down and the re-escalation of the US/China trade war. Not content with that, Donald Trump imposed tariffs on Mexico and Angela Merkel decided that her potential successor wasn’t up to the job and that she’d stay on as German Chancellor. As we said, a relatively quiet month… As far as world stock markets were concerned, the main news was, of course, the US/China trade war. The talks aimed at ending the dispute stalled, Donald Read More

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With rising costs of living affecting the way we live our lives, it seems that pensions have taken a back seat for some. Workers in their forties and fifties from generation X have left the organisation of their pension to the last minute, with many savers now pouring money into their pots, trying to make up for lost time. According to a study carried out by Salisbury House Wealth (SHW), Gen X accounted for 43% of all UK pensions savings in 2018. This marks a dramatic surge in savings, increasing by 14% from the previous year, making up £3.7bn of Read More

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We’ve all been there, the boiler breaks, the car decides that today is not its day or a bill appears out of nowhere. For these sudden expenses, you need to have access to your money. The UK has favoured instant access savings accounts for a good while now, with a staggering 77% of cash savings now being held in these easy access savings accounts. Convenience is a wonderful thing, however there are a number of drawbacks to keeping your cash at your fingertips. The very best of these easy access accounts currently pay up to 1.5% interest AER (Annual Equivalent Read More

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Diversification is a word that seems to get tossed around a lot in conversations around savings and investment. We hear it often, but what does it mean? Put simply, diversification is a risk management strategy that mixes a variety of investments within a portfolio. Through having different kinds of assets in a portfolio, the goal is to obtain higher long-term returns and lower the risk of any sole holding. Essentially, you are hedging your bets. By smoothing out the risk of each investment within your portfolio, you’re aiming to neutralise the negative performance of some investments with the positive performance Read More

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Following an in depth study conducted by the National Centre for Social Research (NCSR) and the Institute for Fiscal Studies (IFS), it has been discovered that only one in four people making financial gifts are aware of the risks of inheritance tax. Further to this, they found that only 45% of gifters reported being aware of inheritance tax rules and exemptions when they gave their largest gift. A staggeringly low 8% of respondents considered tax rules before making a financial gift and most did not associate gifting with inheritance tax. When compared with the fact that over half of respondents Read More

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