Thomas Lambert, financial planner at Quilter, comments on the Bank of England's interest rate cut and what this means for personal finances. Posted on Thursday Aug 7
Standard Life, Hymans Robertson, Mercer and XPS Group comment as interest rates fall to lowest level in 2.5 years as Bank of England aims to support growth in delicate balancing act. Above target inflation paired with falling interest rates threatens returns for cash savers. Posted on Thursday Aug 7
Standard Life, part of Phoenix Group, completed a £1.9bn Bulk Purchase Annuity transaction with the Sedgwick Section of the MMC UK Pension Fund (the “Section” and the “Fund”) in July 2025. The sponsoring employer, Marsh McLennan, is a global leader in risk, strategy and people. Mercer, who acted as the lead broker on the transaction, is a business of Marsh McLennan. Posted on Wednesday Aug 6
64% have had to cut back on essentials in the past year. 56% state the rising cost of living is their biggest concern. Nearly two fifths (39%) do not feel prepared for an unexpected financial emergency Posted on Wednesday Aug 6
Three out of four wealthy parents believe that leaving too large an inheritance can be a curse on the lives of loved ones and are considering various ways to avoid the problem. 53% of parents have increased their charitable donations over the past two years. Charitable giving is a way for parents to do good and reduce their tax bill - including inheritance tax (IHT) liability. Posted on Tuesday Aug 5
The Financial Conduct Authority (FCA) has decided to fine both Neil Woodford and Woodford Investment Management (WIM) for failures in their management of the Woodford Equity Income Fund (WEIF). Posted on Tuesday Aug 5
Asset managers continue to raise the bar on sustainable investing despite the recent ’ESG backlash’ in the US, according to the latest findings from Isio’s Sustainable Investment Survey, which reviewed more than 140 funds from c.65 asset managers. Isio found almost all (97%) asset managers have an established ESG policy and dedicated sustainability teams in place, despite high-profile withdrawals from climate initiatives and concerns around fund labelling. Posted on Tuesday Aug 5
AJ Bell FOI shows 2.64 million people are to be hit with tax on savings in the 2025/26 tax year. One in 25 basic rate taxpayers caught in the savings tax trap, up from less than 1 in 100 four years ago. Brits will earn around £20 billion from non-ISA cash accounts this year. HMRC expects to collect more than £6 billion in tax from savers. Taxman will adjust tax codes to collect tax from workers’ payslips, leading to a nasty surprise for those who don’t realise they owe tax, although HRMC can’t reconcile taxpayer data in a fifth of cases, resulting in hundreds of millions in uncollected tax revenue Posted on Monday Aug 4
During our working lives, financial resilience grows with age. We reach a tipping point at the age of 35-39, when more than half of people score ‘good’ or ‘great’ for their resilience (51%). While we’re working, overall resilience hits a peak at age 45-49, when 59% of people score ‘good’ or ‘great’. Investment rises with age as we approach retirement, while 40-45 is the peak age for having enough emergency savings and protecting your family, and 45-49 is peak for saving for later life. Households aged 20-24 have the lowest resilience scores overall. They also score lowest for emergency savings, insurance cover, investment and saving for later life (fewer than a fifth score ‘good’ or ‘great’ on retirement preparations). Posted on Monday Aug 4
Utmost Wealth Solutions and Just Group comment as more estates were pulled into the IHT net long before the Government’s changes to the IHT regime at the Autumn 2024 Budget Posted on Thursday Jul 31
The market expects UK interest rates to be cut from 4.25% to 4% next week. It’s also expecting one more cut by the end of the year, possibly in November or December. The IMF has also said it expects two more rate cuts in the UK by Christmas. Posted on Thursday Jul 31
K3, part of Isio, has successfully led a buy-in transaction with Aviva for the Terex Pension Scheme - the UK subsidiary of Terex Corporation, a global industrial equipment manufacturer. Posted on Thursday Jul 31
President Trump has announced a growing list of tariff increases on countries and products during the first six months of his second term. The U.S. economy has been resilient to tariff hikes so far. Posted on Wednesday Jul 30
The Financial Conduct Authority (FCA) has begun High Court proceedings against Concept Capital Group (CCG), Ian Anthony Elliott, Adrian Felix, Ayub Swaibu, Edmund Brew, Ernest Kargbo, Raymondip Bedi, Riverrun Consulting Limited and Gateridge Consulting Limited over an alleged unauthorised investment scheme involving consumer investments of more than £23 million in static homes. Posted on Tuesday Jul 29
When first announced, Trump’s tariffs rocked global markets and supply chains, and by extension, individual’s investment portfolios and pension pots. This caused mass concern over people’s personal finances and how their portfolios would recover. Posted on Tuesday Jul 29
Heightened political risk has created uncertainty about the future and caused market volatility. Most professional investors haven’t made big changes to where they are invested. Posted on Tuesday Jul 29
£37m transaction secures the benefits of 203 members. Broadstone appointed to lead the buy-in after 20 years providing actuarial, secretarial, administration and investment services to the Scheme Posted on Tuesday Jul 29
The top fifth of higher earners don’t just have more debt than any other income group, they also have higher debt repayments as a percentage of their income. Higher earners also have a bigger proportion of their debt on variable rates than people on lower incomes. Almost half don’t have enough life insurance (47%) and half don’t have critical illness cover (49%). Their essential housing costs are £1,439 a month on average – per household – 55% higher than the national average. Posted on Monday Jul 28
Investors must refocus their stewardship efforts to ensure to ensure that their interests are properly aligned with those of their partners, and to protect their rights as asset owners. Without a strong focus, they may miss opportunities to challenge any proposals that affect their rights, warns Hymans Robertson. Posted on Friday Jul 25
Transaction secures the benefits of all 40 Scheme members and was completed using Aviva’s Clarity service. Preparation and transaction concluded in less than six months following the Broadstone SM&RT Insure process. Posted on Thursday Jul 24
Pension Insurance Corporation plc (“PIC”), has concluded a £40 million buy-in with the Institution of Mechanical Engineers Pension Scheme (“the Scheme”), covering the pensions of all 200 Scheme members. The Institution of Mechanical Engineers has over 115,000 members in 140 countries and provides them with lifelong learning experiences to develop their skills throughout their careers. Posted on Thursday Jul 24
New research from L&G highlights strong support amongst DC (Defined Contribution) savers across both accumulation and decumulation for their pension capital being invested in affordable housing, viewing it as an important social issue to address (97%). Posted on Wednesday Jul 23
M&G plc (“M&G”) today announces that it has completed a £205 million buy-in transaction with the Huntsman Pension Scheme, securing the pension scheme benefits of over 660 retirees and deferred pensioners in the Scheme. The insuring entity is The Prudential Assurance Company Limited (“PAC”), M&G’s wholly-owned subsidiary offering life and pensions solutions. Posted on Wednesday Jul 23
Standard Life shares five key tips to help people save money over the summer season – from pausing unused memberships to making the most of savings from lower energy bills Posted on Wednesday Jul 23
Broadstone and Wealth Club comment on HMRC update showing that Inheritance Tax (IHT) receipts totalled £2.22 billion through the first quarter of the 2025/26 financial year (April-June). Posted on Tuesday Jul 22
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