You can enjoy the benefits of a good pensions income by contributing to a workplace or private pension savings. (more…)
Is your workplace pension at risk?
The collapse of construction and services company Carillion revealed that the company has a large pension deficit of at least £580m, which has (more…)
Why you need independent financial advice
Independent Financial Advice (IFA) can help protect and grow your finances. Without advice, you could find that you make poor decisions about (more…)
Protecting your wealth during tough times
If you are employed or run your own business, challenging times can affect your finances. It’s worth remembering though that wealth management planning can (more…)
How a financial advisor can help you beat inflation
If your money is sitting in your current account, this means that every day it is losing value because of inflation. A financial advisor can (more…)
Why family asset protection is important
If you are concerned about how your financial assets will be passed on to your loved ones after your death, family asset protection can make sure that the process goes smoothly.
According to (more…)
UK economy healthy entering 2018
As we enter 2018, there are signs that the British economy is healthy and should continue to grow in 2018.
When the vote to (more…)
UK drops out of world’s top five economies
The chancellor Philip Hammond has said that Britain is now the sixth largest world economy, having previously held a solid place in the top five.
The Office of Budget Responsibility has changed its growth forecast for the economy. It had previously stated that it expected the economy to grow by 7.5% over the next five years, but has now revised this down to 5.7%.
Although productivity has risen a little, it remains low and is not expected to significantly increase in the future. With no firm trade agreements yet decided and the amount that the government must pay to the EU before leaving not yet agreed upon, uncertainty over Brexit – which Cheshire West and Chester voted in favour of, but Liverpool and Wirral voted against – remains a factor.
Despite these negative indicators, Hammond remains optimistic and said:
“London is the number one international financial services centre. We have some of the world’s best companies. And a commanding position in a raft of tech and digital industries that will form the backbone of the global economy of the future. Those who underestimate Britain, do so at their peril.”
As the sixth largest world economy, Britain is still a large economic country, with many residents coping well financially. Stocks in UK and US companies are high, and with the help of an investment planner, good returns can be made by investing in British companies. Mark Dampier of investment shop Hargreaves Lansdown recommends putting a third of a person’s wealth in money, a third in shares and a third in bonds in order to protect wealth.
Sources used:
https://www.ft.com/content/81dc83be-c9e8-11e7-ab18-7a9fb7d6163e
http://uk.businessinsider.com/uk-economy-q3-gdp-brexit-2017-10?r=US&IR=T
http://www.bbc.co.uk/news/uk-politics-36616028
Who needs a wealth management advisor?
Many people think that they need to be very wealthy to benefit from a wealth management advisor, but the truth is that both the (more…)
Banks support task force on climate change
Mark Carney, Governor of the Bank of England, is encouraging banks and companies to show their support for the Task Force on (more…)
