News in Review
“GDP grew robustly across the fourth quarter as a whole” With the dust settling on the recent rise in Bank Rate and an increase in springtime inflation expectations, some positive news was released at the tail end of last week in the form of Q4 GDP data. The official statistics from the Office for National […]
Read More
Climate disclosures – high on corporate agendas in 2022
To protect investors from greenwashing, the IMF is urging regulators to do more to prevent financial companies from making misleading claims concerning their environmental credentials – ‘Proper regulatory oversight and verification mechanisms are essential to avoid greenwashing.’ Achieving the scale of expansion needed to meet the goal of reducing worldwide carbon emissions to net zero […]
Read More
Saving for your child’s future
Many parents give their children a flying financial start by saving or investing throughout their childhood. A new survey1 shows mothers typically take the lead in this area, while cash remains disproportionately popular. Mum’s the word The research shows responsibility for children’s savings is particularly borne by mums: 60% of those actively contributing to a […]
Read More
News in Review
“I’m afraid we do have to raise Bank Rates… This is a lot of pressure on households” Financial announcements came thick and fast last week, impacting household budgets and living standards for millions across the UK. As anticipated by many economic commentators, on Thursday the Monetary Policy Committee voted to increase Bank Rate from 0.25% […]
Read More
Property ‘catfishing’ – new word, old trend?
Catfishing – it’s a term from the online dating world referring to somebody who presents themselves somewhat differently online to when you meet them in person. And it seems that a lot of prospective homebuyers are suffering the catfishing experience at property viewings, too. An unpleasant surprise A recent survey1 of homebuyers suggested that the […]
Read More
Climate concern – consumers and investors tune in
Despite over half (57%) of consumers wanting their pension to be invested responsibly to help tackle climate change, only one in seven people who have a pension currently invest it responsibly1. UK consumers rank climate change as a bigger concern than COVID-19 or the economy, according to a new study2. Climate change is a top […]
Read More
News in Review
“The economy has recovered more quickly than expected, creating a growth dividend for the Treasury” Some interesting data was released last week, which prompted speculation as to the Chancellor’s intentions regarding the rise in National Insurance Contributions (NICs) in April. The data showed that government borrowing reached nearly £17bn in December; despite this being the […]
Read More
Economic Review January 2022
Economy regains pre-pandemic size The UK economy grew strongly in November to move beyond its pre-COVID level, with increasing momentum recorded across all industry sectors prior to the arrival of the Omicron variant. Data released by the Office for National Statistics (ONS) revealed that the economy grew by 0.9% in November. This was much stronger […]
Read More
Avoiding collapse: managing your property chain in 2022
You’ve found your ideal property, you’re just about ready to exchange contracts, and then you get the call: your buyer has pulled out, leaving your own transaction in jeopardy. Unfortunately, many property transactions are interlinked in this way, with the decision of one buyer having a knock-on effect on the whole chain, with the worst […]
Read More
Tackling pension scams head on
With pension scam losses totalling millions each year, the Financial Conduct Authority (FCA) has reaffirmed its commitment to tackling scams in order to ensure the long-term health of the pensions market. In a speech to delegates at the Pensions and Lifetime Savings Association, the FCA’s Executive Director of Markets Sarah Pritchard said steps have been […]
Read More