You’re still likely to want to enjoy holidays, meals out and other treats

Struggling to save for retirement? Try this tip

Matthew Barrand Retirement

More than ever, UK savers are struggling to prioritise their pension, with over half saying they are likely to review or reduce their pension contributions in the wake of the pandemic. It’s true that it can be easy to think of pension contributions as a drain on your resources. And yet, despite travel restrictions, Britons were still expected to spend …

First Time Buyers failing to take up Government Bonuses, survey finds

First Time Buyers failing to take up Government Bonuses, survey finds

Matthew Barrand Investment

One in three adults under the age of 40 are saving to buy their first home and get a foot on the property ladder, but research from Cushon has found that less than half (44.1%) are taking advantage of top up bonuses offered by the government. The workplace savings and investment provider revealed that of those saving to buy their …

ESG on the business agenda

ESG on the business agenda in 2021

Matthew Barrand Investment

It will soon be a new tax year, a fresh start and forward focus. We aren’t the only ones looking forward and appraising the year ahead; a new report has noted that in 2021, Chief Financial Officers (CFOs) are placing a high priority on ESG (Environmental, Social, and Governance) issues and assessing how organisational ESG activities and investments compare with …

LPAs

Lasting Power of Attorney (LPAs)

Matthew Barrand Retirement

A Lasting Power of Attorney (LPA) can save families undue stress and expense if they are worried about the health or mental capacity of a relative. Lasting Power of Attorney’s (LPA’s) are not just for the old and the mentally incapacitated. Sadly, the pandemic is a reminder that no matter what age you are you could end up in hospital …

Increase in min pension age

Increase in minimum pension age

Matthew Barrand Retirement

The Government has confirmed that the normal minimum pension age will rise to 57 in 2028. This intention was originally included in the pension freedoms consultation paper in 2014 (see wording below) but wasn’t then passed into the subsequent legislation. The government… proposes to increase the age at which an individual can take their private pension savings at the same …

Environmental

What’s the point of saving for the future if we’ve crashed the planet?

Matthew Barrand Savings

The rise of Environmental, Social and Governance Investing. The impact companies have in terms of Environmental, Social and Governance (ESG) factors are becoming more important to investors. They are taking an interest in how their investments affect the world around them. What is the official definition of ESG? Over the last few years, Environmental, Social and Governance (ESG) has started …

The stamp duty holiday is ending in March!!

Matthew Barrand Mortgages, Property

With the introduction of the stamp duty holiday, the property market is booming, with sales in October up 52 per cent on last year, but property surveyors, mortgage lenders, conveyancing lawyers and local authorities are all now buckling under the sheer weight of demand. The current stamp duty holiday runs until 31st March 2021, so any house purchase will need …

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 …