Investing for children

As we grow older, our financial priorities change. It looks like this is especially the case for grandparents who are big fans of investing accounts like Child SIPPs and the Junior Stocks and Shares ISA. Here’s what you need to know about investing money in these...

Social care reform

The prime minister wants to fix the social care system – a policy welcomed by almost everyone – but his plan to fund reforms by increasing National Insurance has been roundly condemned by current and former ministers on both sides of the political...

Partners and sole traders face tax hikes

Experts are warning that small businesses could see significant changes to the way they are taxed following the launch of a consultation by the Government, which may result in some facing higher tax bills than expected. The proposed Basis Period Reform, HMRC claims,...

FCA ends insurance loyalty penalties

The Financial Conduct Authority (FCA) is bringing an end to the practice of car and home insurers charging loyal customers more than new customers. ‘Price walking’ – commonly known as the ‘loyalty penalty’ – is a pricing practice where existing customers are...

Changes to the pensions triple lock possible

Downing Street has given its strongest signal yet that the pensions triple lock will be watered down because of the recent surge in average earnings, which under current rules would deliver a rise of more than 8% for pensioners next year. Boris Johnson’s spokesperson...

Pandemic widens gender pensions gap

The pandemic has increased the gender pensions gap to almost £200,000, according to a new study. Research carried out by the Centre for Economics and Business Research found women are missing out on £183,936 compared to the amount men receive from their pension. This...