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July 2014

Are interest rates set to rise?

The Bank of England party line of no increase from a 0.5 per cent rate until mid-2015 has been updated. Mark Carney, Governor of the Bank of England, gave the clearest indication yet in his Mansion House speech on June 12 that an interest rate rise is on the cards, saying the first increase “could happen sooner than markets currently expect”. This would be very welcome news for all those …Read More

New ISA Rules Now in Effect!

From 1 July 2014, ISAs (Individual Savings Accounts) were reformed into a new and simpler product. This change was announced in the March 2014 Budget when the Government unveiled the ‘New ISA’ (NISA), a move that represents the biggest-ever increase to ISA limits. The NISA annual limit is now £15,000. The key features worth noting are: Improved flexibility – the new rules mean you can split your ISA allowance as you …Read More

Time to Review Your Financial Plan?

Many people are too busy working and living their hectic lives to reflect as often as they should on their short and long-term financial plans. Creating and regularly reviewing a well-thought- out strategy with an expert can be invaluable in helping to determine your financial needs and developing a balanced plan to meet these goals. Each stage of life brings with it both financial challenges and financial opportunities. Having a …Read More