Old and young both missing out on advice opportunities

More than half of Brits over 65 are yet to take advice on their finances, despite evidence that advice doubles financial confidence. At the same time, younger generations are failing to exploit advice opportunities. The UK’s baby boomers have largely missed out on the benefits of financial advice, and younger generations are at risk of … Continue reading “Old and young both missing out on advice opportunities”

Woodford funds to wind down – what it means for investors

The UK’s most celebrated fund manager, Neil Woodford, has been sacked following a string of poor decisions. His fund’s failure leaves investors and pension fund members with potentially heavy losses – and many questions. The investment funds managed by Neil Woodford are to be wound up, some five months after their trading was suspended. The … Continue reading “Woodford funds to wind down – what it means for investors”

Marshmallows and financial planning

The Stanford marshmallow experiment is one of the most famous pieces of social science research out there. It has arguably influenced the way that many people live their lives, in addition to providing plenty of fun and interest for those with young children who are in the ‘I’ll try this at home’ camp. So what … Continue reading “Marshmallows and financial planning”

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”

Optimist vs pessimist – what does it mean for your money?

Is your glass half full or half empty? When managing your money and ensuring your financial security, both optimism and pessimism have key roles to play. Does it matter if you’re an optimist or a pessimist? Optimism is generally considered far more desirable, and research has consistently correlated it to many positive outcomes, ranging from … Continue reading “Optimist vs pessimist – what does it mean for your money?”

Are the best things in life really free?

Fashion designer Coco Chanel is reputed to have said: “The best things in life are free. The second-best things are very, very expensive.” Many of life’s most exciting and memorable experiences can come with a hefty price tag attached. Recent research1 has calculated that going to university, buying a house, getting married, having two children, … Continue reading “Are the best things in life really free?”

Is it time to give your pension a spring clean?

The start of the new tax year can serve as a useful prompt to refresh your finances and take a look at your pension. Are your plans on track for your retirement? Here are a few steps you can take. PLAN AHEAD FOR A BRIGHT FUTURE One of the most important things you can do … Continue reading “Is it time to give your pension a spring clean?”

Civil partnership Bill makes progress

Last June, the Supreme Court ruled that laws banning opposite-sex couples from civil partnerships were in breach of the European Convention on Human Rights. So, for couples who dislike the idea of traditional marriage but would like full legal recognition of their relationship, the news that opposite-sex couples will soon be able to enter into … Continue reading “Civil partnership Bill makes progress”

Money advice to pass on to your kids in 2019

We all learn about money from an early age, so it’s interesting to think about what we were taught when we were young. What rules have stood you in good stead and which ones would you pass on to future generations? Here are some thoughts. SET YOURSELF FINANCIAL GOALS At every stage of life, you’ll … Continue reading “Money advice to pass on to your kids in 2019”