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Assessing the UK post-referendum economy

Economic overview: October 2016 The economy as a whole has grown by an estimated 0.5% in Quarter 3 (July to September) 2016. Although this is a slightly slower growth rate than the previous quarter, GDP has continued the trend of positive growth seen since 2015. ONS Chief Economist Nick Vaughan said: “The ONS data so far have shown an economy largely undisrupted by the UK’s decision to leave the EU. …Read More

Graduate development scheme

Job ID  SN-GDS16 Job Details This position is ideal for those with an interest in accountancy, business management or finance. Experience isn’t necessary however you will need to demonstrate that you are proactive, self-confident, enthusiastic, resilient, self-motivated  with a good work ethic. You must be a good team player, however also be able to function alone and think for yourself without supervision. You will receive lots of industry training and upon meeting the …Read More

Workplace Pensions

The Pensions Regulator is now issuing penalty notices to those businesses that fail to introduce a workplace pension in time. The recent compliance and enforcement bulletin from the regulator highlights that since September 2015  there have been 589 of these penalty notices served. The large majority of these were fixed penalty notice under section 40 of the Pensions Act 2008 of £400 for failure to comply with a statutory notice or …Read More

UK BUDGET SUMMARY 2015

“A BUDGET FOR WORKING PEOPLE” In the first uniquely Conservative produced Budget since 1996, the Chancellor of the Exchequer, George Osborne, announced that, “Our long-term economic plan is working” and added that the “economy is fundamentally stronger than it was five years ago.” His avowed intention was to create “a plan for Britain for the next five years to keep moving us from a low wage, high tax, high welfare economy; …Read More

Mortgage Market Momentum

The mortgage market was brought to bubbling point by mid-2014, but had, by the autumn, slowed to something more like a gentle simmer. The media diligently reported every twist and turn in the ‘will they, won’t they’ interest rate rise saga, which finally petered out as the year came to a close, leaving rates largely unchanged. ‘For sale’ boards made a comeback across the UK with the mortgage-market review, and …Read More

Do I need a Financial Adviser?

A financial Adviser can help you with a wide range of areas; from mortgages and general financial planning to pension and investment advice. If you are reading this then it is likely that you have some doubts as to if you really need an advisor or not. Historical events might even lead some to believe that advisers only put their own interests first and that there are hidden fees etc. Recent reform and changes …Read More

Pension Changes 2015

Pension Changes 2015 The New Pension Rules and What They Mean To You In his March 2014 Budget, Chancellor George Osborne introduced the most radical shake-up of the pension industry for almost a century. The new measures have far-reaching implications for an estimated 18 million people in the UK who have pension plans. These changes came with an explicit ‘health warning’; George Osborne clearly underlined in his speech the need …Read More

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