Archive for August 2016

Just how much interest are(n’t) you earning?

The Bank of England may have finally ended speculation and dropped the interest rate from 0.5% to a new low of 0.25%, but there are plenty of savings accounts already paying less. Last month the Financial Conduct Authority (FCA) published “sunlight remedy” data, showing the lowest interest rates (as at 1 April 2016) offered by…

Read More

It’s not all bad news on the pound   

The Brexit-induced decline in the value of the pound has brought some good news for investors. “The Brexit vote has completely changed the picture for dividends this year and beyond.” So said Capita, one of the UK’s main share registrars in its second quarter Dividend Monitor. In the first quarter edition, Capita had forecast a…

Read More

Property fund lock-ins

July saw several major property funds suspend dealings. One of the unexpected outcomes of the UK’s vote to leave the European Union on 23 June has been that at least eight property funds have suspended dealings, meaning that investors cannot cash in their holdings. Some other funds have applied large discounts to prices for those…

Read More

A new Chancellor takes the reins

A new Chancellor takes the reins The UK now has a new Prime Minister and a new Chancellor, but will tax policy change? If you went on an overseas holiday in the second week of July, you left the UK with David Cameron as Prime Minister and George Osborne as Chancellor, but by your return…

Read More

Single-tier or No-tier pensions?  

The Department for Work & Pensions (DWP) is writing to over 100,000 people with bad news about their state pension. The new single-tier state pension was launched in April of this year, but the way in which it was introduced has drawn much criticism. The heavy emphasis given in DWP publicity to the flat amount…

Read More