Tag Archives: financial planner

Pension Reforms

The Government has unveiled its latest plans for pension reforms, due to take effect from April 2015. The reforms will give people with defined contribution pensions unrestricted access to their retirement fund, so that they can make withdrawals from it yet only pay a small amount of tax on what they take out. This removes [...]

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When will interest rates rise?

Find out the latest on UK interest rates This month interest rates were placed on hold again, which is good news for borrowers but not so good for those with savings. The interest on savings is very much aligned with the Bank of England’s base rate. Interest rates hit an all-time low in March 2009 [...]

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Budget 2014: New ISA Allowance

Chancellor George Osborne has announced that from the 1st July this year, savers can put up to £15,000 a year into a cash ISA (NISA).  The current limit is only £11,520 and only half of this can be made up of cash, although all of it can be used for investing. The idea is that [...]

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Pensions and the 2014 Budget

Following this week’s budget announcement, it looks as though pensioners have won the freedom to use their entire pension fund as they wish, which could lead to fewer people buying annuities. What changes were announced in the Budget? The restrictions that had previously been placed on retirement savings will be lifted from April next year, [...]

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Interest rate changes – and what it means for you

Bank of England governor Mark Carney has made some important changes to the Bank’s policy on how they set interest rates. He believes that this will help to secure economic growth in the UK. These changes essentially mean that the Bank’s interest rate policy will also include other indicators besides unemployment rates. How did we [...]

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Mortgage products for those in retirement

Have you retired? Once you have retired, you will join many people who feel that the lending products available to you are slim pickings. Since the credit crunch, there has been a real crack down on lending to those over the age of 60 – which it seem in lending terms is the new 80. [...]

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Do I need a financial advisor or planner?

Getting the right advice from a financial advisor or financial planner is essential if you are looking to invest your money wisely in financial products. Think of it like this. If you were seeking medical advice, would you self diagnose? If you were buying a home would you knock on every door to see who’s [...]

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