Simple lifestyle changes could help millennials save £10.5BN

With the majority of millennials admitting that they don’t save enough and often finding it hard to save, Barclays1 has come up with some suggestions that could help them meet their financial goals. Those who fear that this could mean giving up on nights out or regular treats, will be pleased to know that the … Continue reading “Simple lifestyle changes could help millennials save £10.5BN”

Retirement: 68% may be making the wrong choices by going it alone

Since the introduction of the pension reforms, retirees have much greater flexibility to spend and invest their pension pots as they wish. However, this means that people are faced with important decisions, both in the run-up to retirement and afterwards, that will affect their standard of living and financial outlook for years to come. A … Continue reading “Retirement: 68% may be making the wrong choices by going it alone”

The intergenerational fairness debate – Peers make recommendations

The House of Lords Committee on Intergenerational Fairness and Provision has concluded, following a 12-month parliamentary inquiry, that the government should take steps to make society fairer by supporting younger people, particularly in the employment market and the provision of housing. The deal between young and old to support each other through life could break … Continue reading “The intergenerational fairness debate – Peers make recommendations”

Investors take steps to protect against a downturn

Fears of a global downturn and other pressures such as Brexit are prompting UK investors to take a defensive stance. Higher-growth equities are being ditched in favour of more stable bonds and gold, which are seeing extraordinary demand. The US-China ‘trade war’, economic slowdown in Germany and worries about a no-deal Brexit have given the … Continue reading “Investors take steps to protect against a downturn”

Raise state pension age to 75, says think-tank

State pension ages are rising across the world, and the UK is no exception. By October 2020 Brits will have to wait until their 66th birthday to start drawing their state pension, and many born in the 60s and 70s will be 67 before they can draw theirs. The final scheduled increase is for 2028, … Continue reading “Raise state pension age to 75, says think-tank”

How will your investment strategy change with your age?

Having the correct investment strategy when you reach the different stages of life will help ensure you achieve your financial goals.  STARTING OUT Investing at an early age, rather than keeping all your spare cash in a bank or building society account that pays low rates of interest, can be a good long-term strategy. Taking … Continue reading “How will your investment strategy change with your age?”

How goal-based investing helps people of all ages plan their weath

What do you want your wealth to achieve for you?  Most of us will have a variety of financial goals that we are keen to pursue at different points in our lives. These can often include major life events such as putting down a deposit on a property, paying for school fees,  being able to … Continue reading “How goal-based investing helps people of all ages plan their weath”

Virgin boasts the longest fixed-rate mortgage

Super-long fixed rate mortgage deals continue to make a comeback, as Virgin Money launches the first 15-year fixed since 2008.  The mortgage is available for buyers with surprisingly low deposits – but such long deals may not be right for every buyer. The first 15-year fixed rate mortgage in a decade has come onto the … Continue reading “Virgin boasts the longest fixed-rate mortgage”

20 years after the launch of the ISA, what does the future hold?

Savers were set to deposit up to £4bn into ISAs in the week leading up to the new tax year in April, according to the Yorkshire Building Society. Their figures revealed that £4.3bn was deposited into ISAs in the final week of the 2017/18 financial year, and expected similar activity to happen this year. ISAs … Continue reading “20 years after the launch of the ISA, what does the future hold?”

Is there life after Help-to-Buy?

The Help-to-Buy ISA is closing to new savers after 30 November 2019. Existing account holders will still be able to keep their Help-to-Buy ISAs, but must claim their 25 per cent bonus (payable on completion of a first home purchase) by 1 December 2030. For nearly four years this ISA has helped prospective first-time buyers … Continue reading “Is there life after Help-to-Buy?”