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Your Money

Neil Woodford on Budget 2016: “Politically astute but that’s all”

17 March 2016

Economy Personal Finance Your Money

Star manager of the CF Woodford Equity Income fund, Neil Woodford, gives his view on George Osborne’s latest Budget… Budgets these days seem to be more about politics than economics and this one was no different. The outlook for the UK economy is neither better nor worse following yesterday’s Budget. What we did learn is that […]

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Budget 2016: Government to give eligible savers up to £1,000 per year in new Lifetime ISA

16 March 2016

Pensions And SIPPs Personal Finance Savings

The Chancellor has unveiled a new Lifetime Isa, which will allow under-40s to save up to £4,000 each year and receive a government bonus of 25% or £1,000 per annum. Rather than restricting the Isa to homebuyers, as George Osborne did with the launch of the Help to Save Isa, the latest incentive can be […]

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Call for Chancellor to tackle poor state of “financial wellness” among UK consumers

16 March 2016

Economy Personal Finance

A new report has exposed the poor state of financial wellness in the UK, leading to calls for the Chancellor to urgently tackle the issue in today’s Budget. The Momentum UK Household Financial Wellness Index has found that at least 10 million adults have not made adequate provision for retirement. It also revealed that more than 25 […]

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Skiers count the cost as Brexit fears send sterling down the slopes

15 March 2016

Investment Insight Personal Finance

Sterling has fallen by as much as 10% against nine currencies of popular ski destinations compared to a year ago, meaning holidaymakers heading to the slopes in 2016 could be in for an expensive trip. Uncertainty over whether or not Britain will vote to exit the EU in the referendum this June has caused volatility […]

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Chancellor George Osborne urged not to hike fuel duty in 2016 Budget

14 March 2016

Personal Finance

With the vast majority of motorists, at 84%, believing the tax burden on fuel is already too high the RAC is calling on the Chancellor to not introduce any further hikes in the Budget this week. A survey from the group found that 80% want to see George Osborne cut duty or at least continue […]

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City watchdog aims to get “financial advice and guidance to work better for consumers”

14 March 2016

Investing Strategy Personal Finance Retirement Planning

Millions of consumers could have better access to affordable financial advice and guidance that meets their needs at every stage of their lives as a result of recommendations from the Financial Advice Market Review (FAMR) published today. The review, a joint initiative between the Financial Conduct Authority (FCA) and HM Treasury has concluded there is […]

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Nearly half of homemovers plan to downsize within the coming three years

14 March 2016

Mortgages & Property Personal Finance

Almost half of those thinking of moving home in the coming three years plan to downsize, according to new research from Lloyds Bank. The lender’s analysis found that downsizing was cited as the single most popular factor for moving, with 46% of those surveyed planning to move to a smaller property with their next move. […]

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Prime Minister announces new Help to Save scheme

14 March 2016

Personal Finance

The government is looking to help kick-start savings with a £1,200 bonus for up to 3.5m people through its new Help to Save scheme. With research showing that almost half of UK adults have less than £500 set aside for emergencies, in January, the Prime Minister David Cameron set out the government’s plan to transform […]

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Illness or injury would leave a third of parents reliant on benefits

11 March 2016

Personal Finance

A third of parents would be left reliant on benefits it they became ill or involved in an accident and couldn’t work.   Research by insurer LV= showed half of parents are confused by the number of state benefits available but many would need to use them if they became ill and were unable to […]

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8.2m Britons over-indebted and struggling to pay bills

11 March 2016

Personal Finance Savings

Over eight million people in the UK are ‘over-indebted’ and struggling to stay on top of bills and credit card commitments.   One in six UK adults are struggling with their borrowing, according to a report by the Money Advice Service. It shows people renting, young people, single-parent families and those with three or more […]

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