We could be forgiven for focusing on life’s trials and tribulations heading into 2022, given the challenges that we’ve faced over the last couple of years. Despite inflation-related concerns, new COVID variants and supply chain disruption, which may be disconcerting for investors, there are indications that the coming year will present opportunities as well as […]
Category archives: General Financial News
Building financial resilience in 2022
The new year is the perfect time to reassess how your finances are faring and take advantage of any opportunities that may lie ahead. Household budgets are likely to be stretched in 2022, with rising inflation and tax increases already on the table. It makes sense to quantify your assets and position them appropriately to […]
Blocking out ‘noise’ for the good of your portfolio
It’s so easy to feel overwhelmed by the endless barrage of negative news or ‘noise’, which can stoke anxiety about the performance of your investments and doubts over whether your investment strategy is on course. Learning to block out this noise, which may influence hasty or erratic investment decisions, is essential. By keeping a record […]
Financial advice and wellbeing: a match made in heaven
Recent research has found that those who receive professional financial advice are four times more likely to enjoy high levels of financial wellbeing1. In addition, clients who take advice build up three times more pension wealth on average (£246,000) than those who don’t (£95,000). Advised clients also accumulated more than double the non-pension savings (£65,000) […]
Becoming a financial wellbeing ‘all-rounder’
Financial wellbeing is closely aligned with the control people have over their financial future. People with high levels tend to meet their long-term financial goals and have a clear idea about what makes them happy and what they want from life. This allows them to identify and achieve more meaningful life goals before and during […]
A lifetime of investing
As we move through life, our plans and goals will inevitably change. This also goes for our investment strategies, which need to flex and adapt as we move through the decades. Your twenties and thirties The financial decisions we make in early adulthood set the foundations for the rest of our lives. At this stage, […]
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 […]
‘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 […]
Grandparents increased generosity during the pandemic
Most grandparents are familiar with the financial challenges faced by their grandchildren as they progress through education and into the world of full-time work. Costs such as university tuition fees can leave upcoming generations with substantial debts even before they enter the workplace, making it harder for them to save for a deposit on their […]