The Bank of England’s (BOEs) decision to maintain the base interest rate at 5.25 per cent for the third consecutive time in December, following a series of fourteen increases in less than two years, has significant implications for savers. Since December 2021, interest rates went from a historic low of Read more…
The recent surge in pension tax relief, exceeding £50 billion for the first time, marks a significant opportunity for savers to enhance their retirement funds. This £14 billion increase over five years highlights the importance of strategic pension contributions and the effective use of tax reliefs. Boosting contributions In the Read more…
The recent calls by the Association of Consulting Actuaries (ACA) and the Society of Pension Professionals (SPP) to retain the exemption of UK pension schemes from clearing obligation resonate deeply with our philosophy of prudent financial management and risk avoidance. The importance of the exemption Currently, pension schemes are exempt Read more…
If you’re a parent, you’ll be all too familiar with the money vacuum that is also known as your children. From forking out for nappies and baby food, to coughing up for football training and dance recitals (not to mention the endless need for petrol to fill up your ‘taxi’), Read more…
As an experienced professional in the field of trust management, I’ve come to understand the pivotal role an Investment Policy Statement (IPS) plays in guiding trustees, whether they are overseeing family trusts or charitable funds. In this article, I want to share my insights on what an IPS is, its Read more…