The Bank of England has once again voted to keep interest rates at 5.25 per cent – a 16-year high. However, the minutes from the Bank’s most recent rate-setting committee suggest that they are looking to cut interest rates this August. If true, this would be the first drop in borrowing costs for more than […]

The UK’s consumer confidence grew again in May, with people continuing to see a brighter future for their finances. This is according to the Consumer Confidence Index from researchers GfK. They saw a two-point increase from April to May regarding people’s feelings about their economic situation. The Consumer Confidence Index provides insight into how UK […]

Recent research from MetLife UK has revealed that over half (52 per cent) of working parents have no form of financial protection. This means should they find themselves needing to take time off work to look after their unwell child they will have no additional financial support. The data highlighted that of the individuals without […]

According to an Office for National Statistics (ONS) survey from May 2024, 55 per cent of adults across Great Britain reported an increase in their cost of living compared to April. The data showed that 42 per cent of people said their cost of living had remained the same, and the other three per cent […]

Introduced in November 2021, Long-Term Asset Funds (LTAFs) are a relatively new category of UK-authorised and regulated open-ended fund vehicles. They are specifically designed to facilitate investments in long-term, less liquid assets while offering access to retail investors. This integration is achieved by aligning the liquidity of the asset with the frequency of redemptions, underpinned […]

Defined Benefit (DB) pension schemes have long been a cornerstone of retirement planning in the UK, offering retirees a guaranteed income based on their salary and years of service. However, the sustainability of these schemes is under scrutiny due to evolving regulatory landscapes and financial pressures. Challenges ahead for DB pensions Recent discussions by MPs […]

With the start of the next tax year a recent memory, many of us will be looking to find the best ISA deal to make the most of the new year’s £20,000 allowance. New rules mean that you can now put money into the same type of ISA with different providers, so you may be […]

UK pensions are on the cusp of a significant transformation, thanks to the concept of a “Pot for Life.” Since the introduction of auto-enrolment, which has seen a remarkable uptake with 88 per cent of eligible employees now participating in workplace pensions as of 2022, the focus has shifted towards addressing the complexities arising from […]

In a recent turn of events that could signal a positive shift in the UK’s economic landscape, a closely watched survey has revealed that UK consumers’ confidence in their personal finances has reached its highest level in over two years. According to research firm GfK, the outlook on individuals’ financial situation for the year ahead […]

In an eye-opening revelation, the latest figures for the 2020-21 tax year have showcased the immense potential of Individual Savings Accounts (ISAs) in the UK. With the largest ISA pot exceeding £11.6 million, according to a recent Freedom of Information request, and the top 25 ISA investors holding an average of £11,660,000 each, it’s clear […]