A turning point for Environmental Social and Governance investing?

Matthew Barrand Blog, Investment

Investing according to environmental, social and governance principles (ESG) has been a fast growth area, according to figures, UK-based ESG funds saw record inflows between March and July 2020, with £362m invested in July alone. The acronym, ESG, refers to three key factors used by investment companies to evaluate corporate behaviour: Environmental criteria – such as; carbon emissions, waste management …

Child Trust Funds’ coming of age

Child Trust Funds’ coming of age

Matthew Barrand Savings, Trusts

Child Trust Funds (CTFs) are long-term tax-free savings accounts that were set up by the government for every child born between 1 September 2002 and 2 January 2011. Over 6 million CTFs were opened, with the first of these maturing in September 2020. Every year between now and January 2029, the government estimate that 800,000 18-year-olds will receive access to …

Pensions

Tackling the growing number of small pension pots

Matthew Barrand Blog, Pensions

The Pensions Policy Institute (PPI) has published a report examining the growing problem of small deferred pension pots and how the issue might be addressed. The number of deferred pension pots in the UK is likely to rise from 8m in 2020 to around 27m in 2035. Member charges often erode small, deferred member pots over time and small pots …

SA – 21 not out

Matthew Barrand Blog

When the Individual Savings Account (ISA) was launched in 1999, the allowance was £3,000 for a Cash ISA or £7,000 for a Stocks and Shares ISA each tax year. Now at the grand old age of 21, the overall allowance has risen to a generous £20,000. In the early days, choice was limited to either a Cash ISA or a …

Your family

Titanic disaster led to historic life insurance payouts

Matthew Barrand Blog

When the ‘unsinkable’ Titanic hit an iceberg and sank in 1912, life and accident insurance companies lost $3,464,111, according to a contemporary article published in The Shore Press. The accident led to some of the largest insurance payouts ever, with the beneficiaries of business magnate John B. Thayer receiving a total accident insurance payout of $120,000 (equivalent to around $3.2m …

Rediscover our island

Small Island living – rediscovering what we already have

Matthew Barrand Blog

In recent weeks, there has been an 800% rise in Brits searching for ‘Staycation UK’, as the uncertainty surrounding international travel during the pandemic continues to prevail. Appreciating what you already have… Destinations such as Plymouth, the Isle of Wight and Exeter are expected to recover quickly due to the staycation tourism boost, according to new research. It would seem …

Have you saved during lockdown?

Have you saved during lockdown?

Matthew Barrand Savings

If so, you’re part of 37% of the UK population who managed to put away more money during lockdown, as daily expenditure on commuting and leisure activities dramatically decreased. What’s more, it looks like Britain’s growing army of savers are here to stay, with 36% stating they aim to keep cutting costs post-lockdown. Could savings rates harm your goals? Unfortunately, …

Private pensions age rise is confirmed

Matthew Barrand Pensions

In September, the government confirmed the private pension age will increase from 55 to 57 in 2028, meaning those retiring in the future will have to wait longer to access their pension.

Equity Release

How Equity Release has evolved

Matthew Barrand VAT

What has changed in the Equity Release market? Consumer interest in the later life lending sector has been steadily increasing over the past 10 years, with more than 19,000 plans taken out in the first half of 2020 compared to just over 10,000 in the first half of 2010, according to data from Key. How has lending on Equity Release …

Extra time forHelp to Buy scheme

Extra time for Help to Buy scheme

Matthew Barrand Mortgages

Due to construction delays caused by the pandemic, over the summer the government announced an extension to the Help to Buy equity loan deadline. Previously, new homes had to be finished by the end of December 2020, which has been extended to 28 February 2021, enabling homebuyers to benefit from the scheme despite the construction of their new homes being …