The essentials you need to know about credit checks before borrowing money
Posted by siteadmin on Tuesday 16th of January 2024
The information a lender finds during a credit check is important – it could affect whether you’re able to borrow money, including through a mortgage, and the interest rate you’re offered. Yet, they can also seem perplexing.
Indeed, a Royal London survey found that a third of Brits had never looked at their credit report.
The good news is that we can help you cut through the jargon, so you feel more confident next time you apply for a loan.
Lenders usually carry out a credit check to assess how much risk you pose
Lenders carry out a cred...
3 useful ways to manage your finances and boost your financial wellbeing
Posted by siteadmin on Tuesday 10th of October 2023
The cost of living crisis has dominated the headlines since inflation began to creep up from historic lows in mid-2021. While the Covid pandemic began the inflationary increase, the situation was made worse by the war in Ukraine, which pushed up energy and food prices even further. Following such an extended period of price rises, you may be concerned about your household finances and long-term plans. If you want to understand how you can tweak your expenses and finances to best protect your wealth through the cost of living crisis, read on ...
5 practical ways to make your pension go further during the cost of living crisis
Posted by siteadmin on Tuesday 10th of October 2023
Five options that could help you make your pension stretch further.
Household bills have increased rapidly during the past year. The current cost of living crisis began with the Covid pandemic, causing problems for economies around the world and creating global supply chain delays followed by the war in Ukraine.
Following such an extended period of price rises, you may be concerned about your household finances and long-term plans. If you are retired or about to retire and rely on a defined contribution (DC) pension for your incom...
5 practical ways to protect your money during the Cost of Living crisis
Posted by siteadmin on Tuesday 10th of October 2023
With inflation at its highest level in 41 years and energy prices skyrocketing, the cost of living crisis has dominated headlines since inflation began to creep up from historic lows in mid-2021. While the Covid pandemic began the inflationary increase, this was further exacerbated by the war in Ukraine pushing up energy and food prices even further. Following such an extended period of price rises, you may be concerned about your household finances and long-term plans. So, here are five ways to protect your finances during the cost of livin...
How financial advice adds more value to your life than you may realise
Posted by siteadmin on Tuesday 10th of October 2023
The cost of living crisis is causing many to re-evaluate the benefits of financial advice.
Traditionally, the value of financial advice has been measured by monetary results of investment performance and returns. Today, the cost of living crisis is causing many to re-evaluate the benefits of financial advice.
These days, financial planning is about more than simply looking after your money and protecting your wealth. As well as helping you see results in pounds and pence growth, we can also help ensure you are prepared to meet the ch...
Inflation explained – why is it so high and how could it affect you?
Posted by siteadmin on Tuesday 10th of October 2023
With inflation still high and energy prices skyrocketing, the cost of living crisis has dominated headlines since inflation began to creep up from historic lows in mid-2021. Following such an extended period of price rises, you may be concerned about your household finances and long-term plans.
“A small level of inflation each year is good for the economy.”
What is inflation?
Inflation measures how the average price of goods and services changes annually, and is the main driver of the cost of living crisis.
Each month, the Office for Nat...
Is drawdown right for you?
Posted by siteadmin on Tuesday 10th of October 2023
2 important questions to consider
If you have a defined contribution pension, you can access your retirement savings in a variety of ways. One of those options is drawdown – a flexible approach for dipping into your savings when you need to. Read on to learn more about it.
01 How much income are you likely to need throughout your retirement?
Your specific circumstances will influence how much income you need through retirement and the method you use to access your pension savings. Cashflow modelling can help you to see if your savings...
Regular investing
Posted by siteadmin on Tuesday 10th of October 2023
5 ways saving little and often could help you grow your wealth
When it comes to investing your money, making small regular investments can provide more benefits than investing a lump sum.
Through regular investing, you can invest a small amount into the markets every month. Investing little and often is a great habit to develop and instil in younger family members. Instead of saving up a chunk of money to invest in one lump sum, investing this way can make a significant difference to your overall levels of wealth over the longer term...
Why diversification is key when inflation rises
Posted by siteadmin on Tuesday 10th of October 2023
Different types of assets don’t always behave the same way or move in the same direction, but diversification can help you to reduce risk and maintain positive returns
To stay ahead of rising costs and maintain your assets’ purchasing power, your portfolio needs to provide positive returns. Diversification can help you achieve this.
What is diversification?
Diversification is investment jargon for the well-known proverb: ‘don’t put all of your eggs in one basket’. While a well-diversified portfolio doesn’t give you guaranteed downsi...
Why having an emergency fund matters and where to hold extra cash reserves
Posted by siteadmin on Tuesday 10th of October 2023
An emergency fund is important but extra cash reserves can also play an integral role in a diversified portfolio. So, here are a few options with pros and cons
Having ready cash on hand is an essential part of any successful financial plan. When investing, it’s important to hold an emergency fund. This readily available cash will mean you’re prepared to protect yourself against the unexpected and also plays a vital role in maintaining your financial wellbeing.
It’s generally advised to keep between three and six months of household e...
