January 2017 Newsletter
We hope you had a wonderful festive season and are now feeling refreshed and ready to tackle the year ahead. If your New Year’s Resolutions extend to your finances, you’ll find plenty in this newsletter to help you get the most from your money in terms of saving, budgeting and setting goals.
It’s hard to predict what 2017 will hold other than more uncertainty. This month will see President-elect Donald J Trump sworn in and then Theresa May is expected to trigger Article 50 by the end of March. Just prior to that, the last Spring Budget has been announced for the 8th March, before it moves to its new autumn date.
Rest assured, we‘re always on hand to help with any questions or simply to give encouragement for those New Year resolutions!
Should the Bank of Mum and Dad start charging interest?
If you’ve lent money to your children to help them with university fees, a deposit on their first home or even just to support them with the rising cost of living, then you’re not alone. Statistics suggest that around a quarter of all mortgages are now partially funded by the ‘Bank of Mum and Dad’. Read more...
Five Financial Planning Resolutions to Make in 2017
We want to encourage you to forget about crash dieting and intense fitness routines and instead take a look at improving your personal finances. Here we share our top financial resolutions for 2017. Read more...
4 companies using Brexit to push up prices
Six months on from the Brexit result and there are many factors of the UK’s impending departure from the EU that remain clouded in mystery. What has become clear, however, is the impact the vote to leave has already had and will continue to have upon the price of products. Read more...
31% of Britons have given up on saving
A recent study has revealed that almost a third of the population are putting no money at all into savings. The report by the Social Mobility Commission found that 31% of people in Britain have nothing left to save at the end of every month. Read more...
What's going on with Defined Benefit Pension Transfer Values?
In the past 12 months over 6 million people with defined benefit pensions have seen their transfer values shoot up. Many are being offered 30 times their annual income. Read more...