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Re-election of Barack Obama

The votes have been cast, Mitt Romney has phoned President Obama to concede and the victor has graciously accepted the challenge of guiding the faltering US economy through the next four years. But what does Obama’s re-election mean for world stock markets – and more particularly, for your savings and investments? At first glance, the...

Younger retirees are less likely to leave an inheritance

Traditionally, parents have attached great importance to leaving an inheritance to their children, but attitudes are changing according to a recent survey by Just Retirement, the equity release and annuity provider. The survey of retired homeowners and retiring homeowners aged over 55, explored consumer attitudes towards housing equity withdrawal and found that a majority of...

Changes to UK Child Benefit rules

Changes to the rules on Child Benefit come into force in January 2013 and will reduce the entitlement of about 1.2 million families. Families where one parent is earning more than £50,000 a year will no longer be able to claim the total amount of benefit, under government rules which will be implemented by Her...

Have we lost the savings habit?

A recent Scottish Widows Savings and Investment Report, dated October 2012 and exploring a variety of features of saving in the UK, suggests that there is a shortage of knowledge among the general public when it comes to saving and investments. Scottish Widows have suggested that the financial industry work with the government to encourage...

Six Tips to beat Christmas Credit Card Blues

Ask most people to guess at the most depressing day of the year and they might choose the day they go back to work after the summer holidays, or the day when the clocks go back and it’s suddenly dark at five o’clock. In fact, studies have shown that the ‘worst’ day of the year...

Gender- Now we’re all equal – and it will cost you more

On average women live longer than men. It’s one of the facts that virtually everyone knows and although advances in medicine mean that the life expectancy of men is increasing that fact still holds good today. According to figures quoted by the BBC in September last year, life expectancy in the UK has reached its...

November market commentary

Introduction Whatever else happened in October, Hurricane Sandy happened. Or Superstorm Sandy or ‘Frankenstorm.’ Take your pick. A week before America was due to go the polls, the storm hit the North Eastern seaboard with tragic consequences. President Obama broke off the campaign to help and Mitt Romney wisely decided that addressing a tanned group of supporters in the sun...

All aboard the economic growth rollercoaster…

The different forecasts for UK economic growth coming from a variety of institutions and the frequency of small percentage changes, is bewildering for many of us. Clearly, the small percentage point shifts in the economic climate forecast are understood and significant somewhere in the worlds of corporate finance, investment and banking! What is identified as...

The pension planning failure risk

The lack of effective pension planning by a significant number of UK adults has been highlighted in new research (August 2012) from Baring Asset Management, where survey figures reveal that around 44% of working age people do not currently expect their pension to fund their retirement. The research, which asked people which assets or investments...

Auto Enrolment is coming: here’s what it means to you

As has been widely reported, there’s been a problem with UK pensions for many years. Outside the public sector not enough people are saving enough money for their retirement – and this month the latest attempt to solve the problem begins. Various Governments over the years have tried various methods to persuade us to save...