A helping hand for mortgage holders was announced at the start of August by Chancellor Jeremy Hunt with a view to providing support to residential mortgage customers suffering from rising interest rates. Three-part plan The Mortgage Charter has three key elements: More flexible Further flexibility relates to customers approaching the end of a fixed-rate deal. […]
Monthly archives: October 2023
Your long-term financial goals
After more than a decade of putting up with paltry savings rates, the sharp increase in rates over the past two years has certainly brought considerable cheer to savers. However, while the rise is certainly welcome, it is important savers do not overly rely on cash savings but carry on investing if they are to […]
Lifetime Allowance removal provides pension boost
Several months have passed since the Spring Budget, which, although not necessarily packed with good news stories, held one announcement that certainly did bring considerable cheer to higher rate taxpayers. A recent survey has revealed the dramatic impact that Chancellor Jeremy Hunt’s decision to scrap the pension Lifetime Allowance (LTA) is having on people’s retirement […]
News in Review
“Our new estimates indicate a stronger performance for professional and scientific businesses” The UK’s economy has grown faster since the start of the pandemic than had initially been stated, according to new data released last week by the Office for National Statistics (ONS). Under the updated figures, the UK’s economy is estimated to have grown […]
Older homeowners staying put
First home, family home… then what? Maybe nothing, new research suggests1, with older homeowners standing their ground and not considering downsizing. Indeed, seven in 10 respondents said that they are not looking to downsize, in a survey of 1,000 homeowners. Moreover, although 29% do plan to downsize within the next five years, only 13% of […]
FTSE 350 female board representation – a defining moment
Three years ahead of schedule, FTSE 350 companies have met the target of achieving 40% female board representation, according to the latest FTSE Women Leaders Review1. The report highlights ‘steady progress’ in getting women leaders to the ‘top table of business in the UK,’ with Nimesh Patel and Penny James, co-chairs of the Review describing […]
Economic Review – September 2023
Rate-hike pause as inflation dips Last month, the Bank of England announced a pause in its long run of interest rate rises following an unexpected dip in the UK headline rate of inflation and ‘increasing signs’ that higher rates were starting to hurt the real economy. Following its latest meeting, which concluded on 20 September, […]