FCA highlights need for adequate protection cover

Back in February, the Financial Conduct Authority (FCA) released its latest Financial Lives Survey. Firstly, and unsurprisingly, it revealed the severe strain the COVID-19 pandemic had put on the nation’s finances. Secondly, around a quarter of UK adults were showing signs of poor financial resilience, including over-indebtedness, low savings and low or irregular earnings. The […]

Sudden Wealth Syndrome: coping with a windfall

You’d be likely to feel happy and excited if you received a large windfall suddenly or unexpectedly. Whether you’re receiving an inheritance, have become a successful entrepreneur, or perhaps you’re selling your business, the reality is that for many, sudden wealth can feel overwhelming. It can even result in a recognised psychological condition called ‘Sudden […]

News In Review

“If we are serious about going for growth, then 2022 has to be a year of detail and delivery” During a week which saw the government confirm it was cancelling the Leeds leg of the HS2 high-speed rail line, the Confederation of British Industry (CBI) said more needed to be done to end the North-South […]

News In Review

“For all our disagreements, the world is undeniably heading in the right direction” At a Downing Street news conference on Sunday evening, following the conclusion of the COP26 Summit, Boris Johnson hailed the climate deal as “game-changing”, before adding that it sounds “the death knell for coal power.” Despite a late intervention by India and […]

‘Flip the context’ and protect your hard-earned cash

Pension savers lost more than £2m to scammers in the first five months of this year. The average amount lost per victim so far in 2021 is a staggering £50,949 – more than double the £23,689 lost on average in 2020. This is according to worrying research from the Financial Conduct Authority (FCA), which found […]

News in Review

“We think there will be some need to increase interest rates to bring inflation sustainably back to target” Following many hours of discussions, the Monetary Policy Committee (MPC) decided to retain the Bank of England (BoE) base rate at its record low of 0.1% at its meeting last week. The decision was made despite predictions […]