Experts forecast a recession in 2023. Here’s why and what it means for your investments
Experts are predicting that the UK will face a recession in 2023. While it can be tempting to react to this news by changing your investment strategy, sticking to your long-term plan makes sense for most investors. Read on to find out why. Several factors are contributing to economic uncertainty, including high inflation and concerns […]
7 valuable steps parents can take to improve the financial security of children
When you’re thinking about your financial plan, what are your priorities? Often, passing on wealth and helping children or grandchildren realise their own goals is important. Despite a period of economic uncertainty, a survey from Scottish Widows found that 77% of UK households are still planning for the financial wellbeing of other generations. This could […]
6 essential steps to take if you’re retiring in 2023
If you’re retiring in 2023, congratulations! It’s an exciting milestone that you’re no doubt looking forward to. Here are six practical steps to take now to make sure you can retire with confidence and be financially secure. 1. Set a retirement date One of the important first steps is deciding exactly when you want to […]
Investment market update: October 2022
Much of 2022 has been marked by investment volatility and economic uncertainty, and October was no different. According to the International Monetary Fund (IMF), there is a rising risk of a global recession. The organisation downgraded its global growth forecast for 2023 to 2.7%. It said financial instability was linked to shocks caused by the […]
5 exciting businesses that could change the world for the better
When you read the news headlines, it can seem like it’s all doom and gloom. But some businesses are leading the way and could change the world for the better. From well-known brands changing how sectors operate to innovative start-ups, here are just five businesses that are tackling issues like climate change and environmental degradation. […]
Almost half of homeowners are worried about rising mortgage bills. Here’s what you can do
Interest rates are rising for the first time in more than a decade, and it may be affecting your mortgage repayments. If you’re worried about how you’ll keep up with your financial commitments, it’s important to be proactive. In response to rising inflation, the Bank of England (BoE) has increased the base interest rate several […]
26% of people without financial protection would like it. Here’s what you need to know
Financial protection can provide valuable security when times are tough. Research from LV= suggests that many people that don’t currently have protection in place would like it. Here’s what you need to know. Nearly 1 in 5 people admitted they would struggle to pay their mortgage or rent if they couldn’t work for two months. […]
How to deal with political uncertainty when making financial decisions
British politics over the last few months has certainly been turbulent. In the last four months, there have been three prime ministers, four chancellors, and countless U-turns. So, it’s not surprising that households have been struggling to keep up with what’s happening and what it means for their finances. Less than three years after a […]
Only 44% of adults are confident choosing and managing their personal pensions
Your pension plays an important role in your retirement. So, it’s natural to worry about if you’re making the right decisions. If you do, research suggests you’re not alone. Just 44% of UK adults are confident choosing and managing their personal pension, according to a report from the Financial Services Compensation Scheme (FSCS). Having confidence […]
More people are turning to equity release to boost their income. Find out why here
The amount of wealth that’s accessible through equity release is on the rise. It’s something more people are using to boost their income later in life for a variety of reasons. Read on to find out what equity release is and why people are using it. You could use equity release to unlock property wealth […]
