Bank of England
The Bank of England's Monetary Policy Committee (MPC) sets the base rate of interest, also known as Bank Rate, with the primary goal of achieving the government's inflation target of 2%. The MPC considers various economic factors when making its decision on interest rates, including: 1.
Interest Rates
The UK's interest rates have been on an upward trajectory in recent months, as the Bank of England attempts to combat rising inflation. In December 2021, the BoE's Monetary Policy Committee (MPC) voted to raise the base rate from 0.1% to 0.25%. This was
family
As a 52-year-old man with three teenage kids, securing your family's financial future is undoubtedly a top priority. With retirement looming and the expenses of raising children, it's crucial to make informed financial decisions today to ensure a stable and prosperous future for your loved ones.
Consumer duty
There Are 2 Types Of Investment Advice: ‘Independent’ And ‘Restricted’. It Is Also Possible To Obtain ‘Guidance’ (Or No Advice). If you are getting advice about investing your money, you need to know there are two different types of financial advisers – independent and restricted – and this can affect the advice
Consumer duty
The aim of this article is to explain the difference between consumer guidance and consumer advice within the financial services market. The source of this information is the Financial Conduct Authority (FCA). It is important that individuals understand the subtle but significant difference between the two. In certain circumstances it
savings
A salary of £100,000 per year is considered very good in the UK. The average annual salary in the UK in 2023 is around £30,000 & people earning over £80,000 are in the top 5% of earners. However, the cost of living can vary widely depending on
Consumer duty
Hiring a Financial Advisor: Understanding the Costs Many people prefer to manage their own finances. Sometimes, however, it becomes necessary to hire a professional financial advisor to assist you with your financial affairs and investments. If you are managing many investments, if a lot of money is involved, or if
savings
Premium Bonds are a type of savings product issued by the UK government through the National Savings and Investments agency (NS&I). Instead of paying interest, Premium Bonds enter the holder into a monthly prize draw where they have the chance to win tax-free prizes. The prizes range from
FCA
There’s no one-size-fits-all answer as to when is the best time to hire a professional financial adviser. However, there are many situations when it’s beneficial to seek expert help, especially when your financial goals and needs become more complex. Before you disregard financial advice as only for the
Consumer duty
Why Should I Use A Financial Adviser | 2022 Looking into retirement options and wondering what to do with your pension funds? Financial advisers can help you identify and achieve your goals by providing the crucial perspective and strategy you need. Keep reading for our top reasons to hire a financial
savings
Pensioner bonds, officially named 65+ Guaranteed Growth Bonds, which are no longer available for sale, were fixed-rate savings bonds offered by the government-backed National Savings & Investments (NS&I) for individuals aged 65 and above. These bonds were introduced in January 2015 with the intention of offering senior citizens
Consumer duty
Choosing a Financial Adviser Are you considering hiring a financial adviser to assist you with your financial matters? A professional financial expert can help you manage your wealth and savings. They can also help you with your investments and make sure you are on track for retirement. Before you hire
Consumer duty
New research shows those customers who receive financial advice can be better off on average by £40,000. Those who received financial advice in the 2001-2007 period had accumulated significantly more liquid financial assets and pension wealth than their unadvised equivalent peers by 2012-14. ‘The Value of Financial Advice’, produced
Consumer duty
For many investors, working with a financial advisor is an important part of planning for the future and making wise investment decisions. Finding the right financial advisor can make all the difference in the world when it comes to planning for the future, but getting started can be daunting. What