UK couples are spending more than £44,000 on average when they divorce or separate
Achieving a fair resolution of all the financial issues surrounding divorce or the dissolution of a registered civil partnership can be highly stressful. Alongside wanting to resolve these effectively and affordably you may also be worrying about how you will achieve the fairest division of your family assets, how to deal with any requirements for continuing support or perhaps even how you will manage to make ends meet in the future. Continue reading “The hidden cost of divorce”
Is there room for any further disappointment?
Europe has suffered a stream of destabilising news this year. Firstly, there was January’s emerging markets crisis, which slowed the demand for European exports. Then there were EU parliamentary elections in May, which returned a large number of anti-establishment MEPs to Brussels and spurred David Cameron’s attempt to block the appointment of Jean-Claude Juncker as EU president. Continue reading “Europe’s economic slowdown”
Significant challenges for investors this year and beyond
In the first half of the year, geo-political unrest has dominated the headlines. There have been significant challenges for investors in recent months – geo-political upheavals, economic growth and monetary policy. Once the summer is out of the way, the attention will turn to domestic political uncertainty. Continue reading “Geo-political matters”
Over 6 million UK adults plan to move abroad in later life
An even split
In total, over 6 million UK adults are planning to retire abroad, with an even split between Europe and the rest of the world. Of the estimated 3.2 million UK adults planning to retire in Europe, Spain is the most popular destination with 26% of the vote. France follows in second place with 17% of votes. Italy comes in third place with a 10% popularity rating. Continue reading “The nation’s favourite overseas retirement destinations”
Taking a more gradual approach to retirement
The nature of retirement has changed – it is no longer a matter of leaving the workplace with a golden carriage clock and entering a quiet life of leisure. Continue reading “Part-time pensioners”
Why the days of ultra-low interest rates look numbered
Inflation figures recently showed a sharper than expected drop in prices, cementing expectations that any rise in interest rates would be delayed until next year. Continue reading “What next for interest rates?”
Have you considered tidying up your arrangements?
It would appear we are now increasingly becoming a ‘consolidation nation’, with many people combining their different contracts and services to make them easier to manage. It’s a growing trend, and new innovations are coming into the market all the time to tempt consumers. The recent launch of ‘quad-play packages’, which now combines mobile, home phone, broadband and TV, are a good example. Continue reading “Pension decluttering”
UK adults forced to borrow money from family members
More than one in four (28%) UK adults have been forced to borrow money from family members, according to new research. With the average amount borrowed by individuals standing at £2,123, the collective family lending economy is now worth around £31billion.
Family Generations & Financial Pressures is the title of the new report from Scottish Widows think tank Centre for the Modern Family and shows that 23% of family borrowers need this support just to cover day-to-day household costs. Continue reading “Plugging the household gap”
Have you taken advantage of your larger tax-efficient allowance?
The new Individual Savings Account (ISA) rules were introduced in July, giving savers and investors more flexibility and a larger tax-efficient allowance than ever before. Four out of ten people told the consumer organisation Which? that they would save more as a result of the annual limit increasing to £15,000, up from £11,880. Continue reading “A new-look NISA way to save and invest”
Diversifying your assets helps spread risk by lessening the potential for losses
Most investors are used to hearing the term ‘diversification’ – but it has a broader meaning than many realise. Diversification is the process of investing in areas that have little or no relation to each other. This is called a ‘low correlation’. Continue reading “What’s in your basket?”