Nov 21, 2021 | Newsletter
House prices registered the strongest monthly rise for 14 years in September, pushing the average cost of a home to a record high and reversing a three-month decline in annual growth. Halifax, one of the country’s biggest mortgage lenders, said last month the average...
Nov 19, 2021 | Newsletter
Homeowners are being urged to consider locking in with a low fixed-rate mortgage, as the price of home loans may soon surge. This is because the price of mortgages partly reflects the Bank of England base rate – currently at record lows of 0.1%. When interest...
Nov 17, 2021 | Newsletter
Fees paid by individuals transferring out of their defined benefit pension scheme have hit their highest levels since 2018, according to XPS, which warned savers could run out of money 10 years earlier as a result. XPS Pensions Group’s annual member outcomes survey,...
Nov 15, 2021 | Newsletter
Dramatic tax rises to fund social care were unveiled by the government this month, sparking criticism from the self-employed and limited company directors. From April 2022, National Insurance Contributions (NICs) will increase by 1.25% for employed and self-employed...
Nov 14, 2021 | Newsletter
The temperature has been rising in the housing market since the start of the year. The introduction of the Stamp Duty holiday meant that the average price of a house in the UK climbed to the heady heights of £265,000 in June 2021. However, the phasing out of the tax...
Nov 13, 2021 | Newsletter
Young investors are reforming their relationships with their advisers. A recent Fidelity study found more investors have begun to work with an adviser since the start of the pandemic. And, from May 2020 to June 2021, more than a quarter of advised investors hired a...
Nov 12, 2021 | Newsletter
Hundreds of new pensioners could face anxiety and stress owing to delays in payments of their state pension, campaigners have said. The Department for Work and Pensions admitted that the pandemic and staffing issues had caused backlogs in payments to those reaching...
Nov 11, 2021 | Newsletter
Inflation is back. Last month, the consumer prices index was up 3.2% and the retail price index up 4.8%. They will go higher. The Bank of England forecast that the CPI would reach 4% this autumn and could see the RPI hitting 6%. This is happening at a time when we are...
Nov 10, 2021 | Newsletter
Britons are bracing themselves for an expensive winter as a global surge in the cost of gas at wholesale has led many companies to drastically increase their prices. While many companies have reacted by hiking up costs even more for customers, others have taken...
