Money – In other news
One in five UK adults have been scammed in the past year, causing debt and financial strain. 38% of Brits in their 30s and early 40s are relying on their parents’ assets for financial security. There are an estimated 2.8 million missing pension pots in the UK, fuelling demand for the Pension Tracing Service. One […]
Why financial procrastination can harm your health (and your finances)
Financial procrastination – delaying financial tasks – can negatively impact both your finances and health. Signs of financial procrastination include fear of mistakes, lack of confidence, and unclear financial goals. Combat procrastination by setting clear financial goals, seeking expert advice, and taking proactive action. We all know that putting things off is all too easy. […]
Family tensions over money talks – time to break the taboo
Many wealthy individuals hesitate to discuss financial planning due to fears of family disagreements, with 10% avoiding the topic altogether and 27% finding it uncomfortable1. However, this reluctance to have a discussion could lead to future misunderstandings, as family members may have unrealistic expectations about their inheritance. Only 12% of wealthy individuals said they regularly […]
Don’t invest under the ‘finfluence’
People are increasingly seeking financial guidance on social media. While financial influencers – or ‘finfluencers’ – can be useful in raising awareness around financial matters, there is also a darker side to the growth of unregulated advisers. Social media age In the UK, more than one in four people use some combination of social media, […]
In the news – Home Finance
Significant gains for homeowners over 20 years Analysis reveals1 that UK homeowners who purchased their properties in the last 20 years have seen an average increase of £80,000 in value. In comparison, those who sold within the last year made an average gain of £65,000. Homes in high-value areas and commuter towns, including the Cotswolds […]
In the news
17 out of 21 sectors raised dividend payments in Q3 On a headline basis, total UK dividends in Q3 2024 fell to £25.6bn, an 8.1% decline, led by cuts in the mining sector (£2.6bn reduction in payouts)1. Stronger sterling, the impact of share buybacks and lower one-off special dividends also contributed to the reduction. Mining […]
‘Freshen-uppers’ the most desirable property type
Are you looking to move house in 2025? If so, a recent study1 has found that the most desirable property type for 49% of people is a ‘freshen-upper,’ with prospective buyers keen to personalise their new home with small scale improvements. The days of the full ‘fixer-upper’ property are fading, as time-poor purchasers increasing look to […]
Economic Review January 2025
Chancellor unveils plan for growth On 29 January, the Chancellor outlined her plan to boost economic growth during a speech in Oxford, although data released last month suggests the UK economy remained largely stalled at the start of this year. In her speech to business leaders, Rachel Reeves set out a series of major announcements […]
Taking steps to avoid a retirement overspend
A fifth of respondents to a survey1 have consistently spent more than they expected to during their retirement so far. Moreover, 11% of the over-55s surveyed also said their overspending had occurred early on in their retirement. So, what were the biggest reasons behind the overspend? Cost of living (28%), housing costs, including mortgage payments […]
Dive into ’25 on top of key tax changes
A couple of months have passed since the Autumn Budget, a significant milestone for the Labour government. A comprehensive set of measures impacting individuals and businesses were announced, featuring £40bn in tax increases. Key announcements involved Inheritance Tax, Capital Gains Tax, domicile status, VAT on private school fees, Stamp Duty and Income Tax thresholds. Inheritance […]
