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New warnings have been issued from Action Fraud, the City of London Police and the Financial Conduct Authority (FCA) as reports of ‘clone firm’ investment scams increase. The ongoing financial impact of coronavirus may also make people more susceptible to these types of clone scams. Forty two percent of investors say they are currently worried […]
Is your child reaching the age of 18? If so, they could be amongst a huge swathe of teenagers set to cash in on their Child Trust Funds for the first time. Set up by the Labour government in 2002, the scheme aimed to encourage parents to save for their children’s future, with the money […]
The world’s share markets had a rollercoaster ride in 2020. Investors had to hold on tight as 2020 turned into a white-knuckle experience. It began quietly enough and then in the second half of February global stock markets took on the concern at the spread of Covid-19. As infection rates increased and the economic […]
2020/21 is drawing to a close, with a Budget now scheduled for early March. Ahead of that, HMRC is easing some of the traditional deadlines in the light of the ongoing pandemic. If you’re struggling to prepare your self-assessment tax return due to the effects of the pandemic, you may get some relief. It has […]
The main state pensions will rise by 2.5% in April. The absence of an autumn Budget in 2020 meant that there was no formal announcement of the level of state pensions from April 2021. The numbers eventually emerged on 8 December in a press release from the Department for Work and Pensions: The new […]
From February new rules apply if you choose pension drawdown but do so without taking advice. The Covid-19 pandemic has deferred many events of all sizes, from the Tokyo Olympics to millions of foreign holidays. One of the less prominent delays has been a change to the Financial Conduct Authority (FCA) rules on pension […]