Building a safety net addresses 2022s biggest financial concern

Do you have any financial concerns for this new year, 2022? New research from insurer Aegon found that 32% of UK adults are prioritising building up their emergency cash savings, with financial uncertainty following the pandemic promoting this savings habit. A cash emergency fund is an essential foundation for sound financial planning, providing a cushion against unexpected money-related shocks. We …

January 2022: Investment & Economic Update

Our latest monthly investment update for January 2022 looks at how the global investment markets, economy, and commodities perform. The FTSE 100 index of leading UK company shares closed at the end of December at 7,384.54 points, up 305.53 points or 4.32%. Despite the negative influence of Covid, the London market enjoyed its best annual performance in five years in …

This recession was different

How did this pandemic-led economic recession differ from those we have experienced in the past? A new analysis from the Institute for Fiscal Studies (IFS) compared trends in output, consumer spending and saving levels during the 2020 recession versus those in the two previous recessions in 1990 and 2008. They also drew upon individual-level data collected during the Covid-19 pandemic. …

Gifting to children is fine, but don’t run out of money

All parents know that the cost of parenting can be high, but passing on wealth to the next generation, over and above the ‘running costs’ of having children, can form part of a long-term Financial Plan. New research carried out by AKG and co-sponsored by insurer Canada Life found that 38% of parents have already passed on significant financial gifts …

Good news for new build home leaseholders

Leaseholders could effectively pay nothing for ground rent under new government proposals. MPs have backed the setting of ground rents for new properties in England and Wales at “one peppercorn” a year. The proposals follow widespread concerns that leaseholders are being charged costly ground rents that rise in cost periodically. However, Labour said the proposals must go further, altogether banning …

pandemic retirement plans

Why the pandemic has changed our retirement plans

According to new research, more than half of UK adults say the Covid-19 pandemic has affected their retirement plans. The research from insurer Aviva found that 54% of respondents said the pandemic had altered their plans for later life, let’s look into why. We knew already that the pandemic experience was varied, in financial terms, for different people. Some benefited …

‘Tis the season to look out for relatives

Christmas is often a time for family. Gathered around the open fire, forcing the teenage grandchildren to play charades and trying to stop your own children, their parents, from drinking all the wine and falling out over who was more hard done by as a child. Or at least that’s what my parents tell me! Research suggests that most of …

Bitcoin tumbles as billions are wiped off the cryptocurrency market

Bitcoin has tumbled by over 20%, heading down to the $50,000 per coin level, during a broader sell-off of the cryptocurrency market. Crypto speculators are already well versed in extreme levels of price volatility, a feature that sets crypto assets apart from mainstream investments. Early on Tuesday morning, Bitcoin was trading at $51,532. One factor influencing the price fall was …