February 2017 Newsletter
It may be the shortest month but our February newsletter certainly isn’t short on interesting and informative content!
You may be intrigued to know that according to recent media reports, a total of 1.5m people have drawn £9.2bn from their pension savings since the new rules were introduced by the last government.The size of withdrawals does appear to be falling, though, with savers being prudent and not spending it all on a Lamborghini!
We hope you enjoy all the articles we’ve put together for you. Next on the horizon is the Budget on 8th March. As usual, we’ll be keeping you informed of all the main announcements and their implications. If you have any queries at any point, do get in touch
Why is Equity Release increasing in popularity?
Equity Release lending volumes grew in 2016 and this is expected to rise in 2017. Here we investigate the key drivers in this upward trend.
Is Life Insurance possible for people with a chronic illness?
Nic Kamintzis, one of our advisers, has Type 1 Diabetes. Knowing that many high-street providers would not consider him for Life Insurance, Nic decided to investigate just what options were available.
The new pensions minister’s savings tips!
Richard Harrington, who was made pensions secretary by Theresa May soon after she assumed office as Prime Minister in July last year, recently wrote an article for This Is Money divulging his spending tips for 2017.
What does the future hold for the triple lock?
The ‘triple lock’ on state pensions has protected the older generation’s income since 2010, guaranteeing that pensions will rise each year in line with the highest of either the average earnings, the consumer price index, or 2.5%.
What is the ‘real rate of inflation’?
The current projected figures for 2017 see inflation set to grow by between 2.5% and 3%, but there are already reports surfacing that this figure is misleading, with most families set to experience much higher increases than this, thanks to the ‘real rate of inflation’.