Technology encourages more investors to seek the “thrill” of trading and take bigger financial risks

Technology has made investing far more accessible. You can now invest and make changes to your portfolio with just a few taps on your smartphone. While more people investing for their future is a good thing, technology is instilling bad habits in some investors. Far from investing with a long-term goal in mind, some investors,...

3 reasons to make social care part of your retirement plan

The cost of funding care and delivering support to the elderly has become a national priority. However, research suggests it’s still not something individuals are thinking about when they make retirement plans. As average life expectancy has risen, the demand for care has soared and more people are living with complex needs. A report from...

Investment market update: March 2021

During March there were reasons to be optimistic. In fact, the Organisation for Economic Co-operation and Development (OECD) raised global growth forecasts following Covid-19 vaccination and stimulus package news around the world. It’s now expected the global economy will expand 5.6% this year. Despite the pandemic dominating headlines, a survey from the Bank of America...

The cost of Covid-19: How does pandemic borrowing add up?

In 2020, the government spent an unprecedented amount supporting the economy through the Covid-19 pandemic. The economic consequences are expected to be felt for years to come and will no doubt influence policy that will affect personal finances. For the 2020/21 tax year, public sector net borrowing – the difference between public spending and total...

Did you suffer a real-terms pay cut last year? More than half of Brits did

The headline figure for wage growth of 4.5% in late 2020 – the highest level in almost two decades – is too good to be true, according to the Resolution Foundation. The thinktank argues the furlough scheme and job losses for lower-paid workers have skewed the data. The organisation’s Earnings Outlook states that earnings growth...

What does “rebalancing” your portfolio mean and why is it important?

When discussing investments or reading the news, you may have heard the phrase “rebalancing”. It’s an important part of making sure your portfolio continues to reflect your goals, but it can be overlooked or misunderstood. Read on to learn what rebalancing involves and why it’s part of investment strategies. Investing: A long-term game Before we...

Relief for savers as “tax day” sees government announce no significant tax reforms

Late last year, the government announced that a range of documents and consultations on future tax policies would be released after the Budget. Dubbed “tax day”, these announcements came later than usual this year to allow for greater scrutiny after the significant number of changes Rishi Sunak announced in his Budget. Many experts speculated that...

Investment market update: February 2021

A year after lockdowns around the world began, Covid-19 continues to affect economies and investment markets. While the volatility experienced almost 12 months ago may have calmed, uncertainty remains and it’s important for investors to focus on their long-term plan. In February, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), called on leaders...

How has Covid-19 affected ESG investing? Signs suggest it could become mainstream

In 2020, Covid-19 dominated the headlines. There were concerns that it would mean some of the challenges and opportunities ESG investing represents would fall to the wayside. However, in many cases, the pandemic has actually moved ESG investing up the agenda. “ESG investing” refers to making investment decisions that consider environmental, social or governance practices....

The history of investing: What the past can teach us about market cycles

2020 was an eventful year. The pandemic and subsequent lockdowns around the world had a huge impact on life, which inevitably affected stock markets and investment portfolios. The stock market volatility experienced a year ago will be fresh in the mind of investors, but the crash wasn’t unique. Investors have experienced ups and down for...

5 steps to take for successful business succession planning to prime your firm for growth

No matter the size of your business, some key people ensure its smooth running and growth. Without these people, even successful companies can face difficulties. Creating a business succession plan is an essential step for business owners. A succession plan is a strategy for developing future leaders within a company. It can help identify the...

Pensions and divorce: What are your options?

If you’re going through a divorce, your pension and retirement are likely the last things on your mind. And yet the decisions you make during the divorce process can have a lifelong impact. Despite pensions often being one of the largest assets we have, you may overlook them when dividing assets. Just 12% of people...