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The Bank of Mum and Dad is set to gift £25 billion by 2024. Here’s what parents need to know

With the rise in house prices and the cost of living crisis, saving for a house deposit for first-time buyers is a difficult task. So, it’s no surprise that increasing numbers of younger buyers are turning to their family for financial support when it comes...

12 October, 2022 / 0 Comments

How to assess your affordability when taking out a mortgage

As house prices reach record highs, assessing affordability when you’re buying is more important than ever. It can help you search for properties within your budget and ensure your long-term finances are secure. Over the 12 months to August 2022, the average house price increased by...

12 October, 2022 / 0 Comments

What wishes should you set out when creating a trust to pass on wealth?

A trust can be a valuable financial tool when you want to pass on wealth to loved ones. Rather than simply handing over assets, you can set out your wishes and maintain control over how they’re used. So, understanding what your wishes are and how...

12 October, 2022 / 0 Comments

5 practical reasons you should create a financial plan with your partner

Money and financial goals are still sometimes viewed as taboo subjects, even within relationships. If you’ve been putting off conversations about finances, creating a plan together could have many benefits. Talk Money Week takes place between 7 and 11 November, so it’s the perfect time to...

12 October, 2022 / 0 Comments

Before you increase pension withdrawals as the cost of living rises, here’s what you need to consider 

As the cost of living rises, you may be considering increasing how much you withdraw from your pension. While it could solve short-term challenges, it’s important that you think about how it could affect your future too. Several factors, including the war in Ukraine and the...

12 October, 2022 / 0 Comments

Investment market update: June 2022

Rising inflation and concerns about recession risks continue to place pressure on households andaffect economies around the world. The World Bank has slashed its 2022 global growth forecasts from 4.1% to 2.9%. The organisationalso warned the global economy is at risk of experiencing stagflation, where economic...

04 July, 2022 / 0 Comments

Economic conditions could lead to falling house prices and increased negative equity risk

Amid challenging conditions, there are concerns that house prices could start to fall. It may affecthow much equity you own in your home and could mean some homeowners end up in negativeequity. The effects of the Covid-19 pandemic and the conflict in Ukraine mean inflation is...

04 July, 2022 / 0 Comments

Inflation: What happened the last time the cost of living was rising this rapidly?

The cost of living is rising quicker than has been normal in the last few decades. Indeed, the last timeinflation was this high was in the 1980s. So, what happened then compared to now?According to the Office for National Statistics (ONS), inflation in the 12...

04 July, 2022 / 0 Comments

5 compelling reasons why you should share a financial planner with your family

Money and financial decisions are often seen as a personal matter. However, making your familypart of the financial planning process and discussing your goals with them can be valuable.A report from M&G Wealth found that 33% of advised families share the same adviser, with around57%...

04 July, 2022 / 0 Comments

Should you voluntarily pay National Insurance contributions to boost your State Pension?

The State Pension is often an important part of your retirement income, so should you top up yourNational Insurance contributions (NICs) to increase it?Even if you have other pensions or income in retirement, your State Pension can be valuable. As it’llbe paid from when you...

04 July, 2022 / 0 Comments