Time for a spring clean? How about ‘death cleaning’ your finances?

Financial ‘death cleaning’ helps simplify finances, reduce clutter, and ensure loved ones aren’t left with financial burdens  Key steps include closing unused accounts, updating documents, maximizing tax efficiency, and reviewing investments  Open conversations with family about financial plans support intergenerational wealth planning and a smooth legacy transfer  Could your finances benefit from a spring clean? […]

Advised investors are ‘less vulnerable’

Investors who receive financial advice are four times less likely to be vulnerable than the general population, according to analysis1.  The study looked at a cohort of more than 5,000 advised investors, assessing them using a psychometric financial wellbeing questionnaire. Designed by an in-house behavioural psychologist, the questionnaire was designed to find and evaluate indicators […]

Why financial procrastination can harm your health (and your finances)

Financial procrastination – delaying financial tasks – can negatively impact both your finances and health.  Signs of financial procrastination include fear of mistakes, lack of confidence, and unclear financial goals.  Combat procrastination by setting clear financial goals, seeking expert advice, and taking proactive action.  We all know that putting things off is all too easy. […]

Family tensions over money talks – time to break the taboo

Many wealthy individuals hesitate to discuss financial planning due to fears of family disagreements, with 10% avoiding the topic altogether and 27% finding it uncomfortable1.  However, this reluctance to have a discussion could lead to future misunderstandings, as family members may have unrealistic expectations about their inheritance. Only 12% of wealthy individuals said they regularly […]

In the news 

17 out of 21 sectors raised dividend payments in Q3  On a headline basis, total UK dividends in Q3 2024 fell to £25.6bn, an 8.1% decline, led by cuts in the mining sector (£2.6bn reduction in payouts)1. Stronger sterling, the impact of share buybacks and lower one-off special dividends also contributed to the reduction. Mining […]

Dive into ’25 on top of key tax changes

A couple of months have passed since the Autumn Budget, a significant milestone for the Labour government. A comprehensive set of measures impacting individuals and businesses were announced, featuring £40bn in tax increases. Key announcements involved Inheritance Tax, Capital Gains Tax, domicile status, VAT on private school fees, Stamp Duty and Income Tax thresholds.  Inheritance […]

A few months left to maximise your State Pension

The government is encouraging individuals to take advantage of the opportunity to maximise their State Pension by filling gaps in their National Insurance (NI) records for the period between 6 April 2006 and 5 April 2018.  By making voluntary contributions, people can potentially increase their future State Pension payments. This option is available until the […]