Financial jargon can be confusing and overwhelming. A new study1 has revealed that seven in ten UK adults are puzzled by financial jargon. Age gap The research also found that those aged under 25 are least likely to feel puzzled by financial jargon, with around half (52%) of those aged 18 to 24 stating this, […]
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Don’t risk living without home contents insurance
One in five 18 to 24-year-olds plan to cancel their home contents insurance at renewal to save money, according to new research1. Risky game As well as highlighting current cost-of-living concerns, the statistic reveals a worrying picture for young people who plan to abandon protection. Home contents insurance can be a shrewd financial investment because […]
Transferring wealth in the way you want
With the coming years set to see record flows of assets pass down the generations, the thorny issue of wealth transfer has inevitably become an increasingly important financial topic. Seeking professional advice is a crucial step that can ease any inheritance planning anxieties and facilitate the transfer of assets in the way that you want. […]
News in review
“America can breathe a sigh of relief” Last Thursday, the US Congress approved a deal to lift the country’s borrowing limit, thereby averting a crisis mere days before the country was due to default on $31.4tn of debt. The bipartisan deal passed through the Senate by 63-36, after navigating the Republican-controlled House of Representatives by […]
Crystal clear decision-making
In today’s increasingly complex and challenging world, financial advice to help people navigate through life’s journey is more important than ever; a point vividly highlighted by a new study from the Financial Services Compensation Scheme (FSCS)1 which raises fears over the consequences of a worrying financial ‘advice gap’. Scammers’ paradise FSCS research shows that almost […]
Time to review your resilience
Awareness of the importance of protection has risen since the pandemic and led many to reassess their financial and personal priorities. It’s sensible to review your protection cover once a year and to discuss it with those close to you to make sure it still meets your needs. Have the conversation Only half (52%) of […]
Economic Review – May 2023
UK growth forecasts upgraded Revised projections released last month by both the Bank of England (BoE) and International Monetary Fund (IMF) suggest the UK economy is now set to avoid recession this year. The BoE’s latest forecast predicts the economy will grow by 0.25% across the whole of 2023, a significant upgrade from February’s prediction […]
News in review
“The return to single digit inflation suggests the UK has turned a corner” Official data released by the Office for National Statistics (ONS) last week revealed that inflation returned to single digits in April, following seven consecutive months residing above 10%. The Consumer Prices Index (CPI) increased by 8.7% in the 12-month period to April, […]
Residential Property Review – May 2023
Mixed market signals in May Recent releases from Savills presented mixed signals for the residential market, with the UK Housing Market Update pointing to recovering market activity in May, even as the English Housing Supply Update for Q1 2023 revealed a quarterly drop of 20% in new homes completed. The number of new sales agreed […]
Commercial Property Market Review – May 2023
Spotlight on UK retail The recently released shopping centre and high street spotlight from Savills for Q1 has highlighted that although the UK retail investment market has faced challenges, the occupational market has remained buoyant. From a volume perspective, emphasising consumer cautiousness in the face of high inflation, retail sales declined 3.2% year on year […]