1 June 2020

The surveying scene

When buying a property, it is generally best to have a survey carried out, even if your mortgage lender is also conducting a valuation that involves an inspection. A thorough survey conducted on your behalf may reveal defects or possible costly problems you need to be aware of. The Royal Institution of Chartered Surveyors is […]

1 June 2020

Natural forces take their toll

The plight of uninsured householders affected by the Australian bushfires is a reminder of the importance of buildings and contents cover, even if securing it can be more difficult or costly when your home is at greater risk from natural forces such as storm, fire or flood. One victim did have their misfortune balanced out […]

1 June 2020

The Week in Review – 1 June

“We can now take careful but deliberate steps to reopen our economy” On Friday, the Chancellor took to the Downing Street podium and confirmed that the Job Retention Scheme will conclude at the end of October. Rishi Sunak set out further details of how employers will have to start sharing the cost from August. In […]

27 May 2020

Just 27% of new parents take out life insurance

New parents are spending more than ever preparing for their baby’s arrival, research1 has revealed. According to the study, the average spend has increased more than 18% since 2012 and now stands at £1,645. However, the study also discovered a concerning fact: despite this increase in spending, little more than a quarter (27%) of first-time parents […]

26 May 2020

The Week in Review – 26 May

“We must renew our efforts” With another sunny bank holiday weekend approaching, Health Secretary Matt Hancock, took the opportunity at the Thursday briefing to remind the public, “We must renew our efforts…Over the course of this pandemic, people all across the UK have been making difficult but vital sacrifices for the greater good. So, let’s […]

21 May 2020

Five million self-employed

Recent figures from the Office for National Statistics (ONS) show the number of self-employed in the UK has reached record levels, at five million people, which represents around 15% of all people in employment. If you are self-employed, you won’t benefit from auto enrolment, but you will still qualify for generous tax relief on any […]

21 May 2020

Pension woes: the tale of Gen X

The changing financial pressures facing members of different intergenerational groups has been a recurring theme in recent years, with the narrative usually proclaiming how younger generations have lower income, assets and prospects than their older counterparts. However, there has been relatively little consideration of the potential retirement woes facing people born between 1966 and 1980 […]

21 May 2020

Life insurance for astronauts?

The first astronauts had a problem, especially in the early days of the Apollo missions to the moon, as their lives were literally uninsurable. No insurance companies would consider insuring anyone about to embark on a potentially lethal mission. NASA came up with an idea to arrange ‘insurance covers’ whereby the crew autographed a number […]

18 May 2020

The Week in Review – 18 May

“This is a supremely difficult balance to strike” Further details of the government’s next steps in the fight against coronavirus were laid out in a statement in Parliament on Monday, accompanied by a 50-page three step plan. The Prime Minister continued to emphasise the conditional nature of the plan, “This is a supremely difficult balance […]

13 May 2020

Early financial education gives children a head start

According to The Financial Capability Strategy, part of the Money & Pensions Service, children’s attitudes to money are well-developed by the age of seven. In an ideal world, therefore, primary schools would be encouraging children not only to recognise the pounds and pence needed to buy their weekly Haribo rations, they should also be preparing […]