General Election 2017: How will it affect your personal finances?

The answer to that question depends on two things; the outcome of the election and how you react to the inevitable instability it will cause. At this early stage, the most likely outcome seems to be a Conservative victory, with an increased majority. At least that’s what a certain Mrs May, of Number 10 Downing Street, has gambled on. Logically, if this is the case, Mrs May, and the Chancellor Philip Hammond, will be emboldened to drive through changes to domestic policy, whilst negotiating Brexit. Of course, even if it looks unlikely right ...

7 golden rules of investing

7 golden rules of investing 150pxIn the week when economists at the Royal Bank of Scotland advised investors to sell equities (stocks and shares) and predicted global meltdown, we thought we would take a look at some of the key rules of investing. Before we do though, the term “investing” or “investor” conjures images of middle aged men in pin stripped suits and red braces. But don’t be fooled, whether it’s your pension at work, a private pension or the ISA you put some money into years ago, you are almost ...

Savings: Popularity of ISAs on the decline

Popularity of ISAs on the declineFor years Individual Savings Accounts, ISAs for short, have been the most popular option for savers and investors alike. However, it now appears they are declining in popularity. Figures released by HMRC show that the number of adults taking out ISAs has fallen to an all-time low with 13 million opened in the 2014/15 tax year; a fall of half a million on the previous tax-year. The drop comes despite the Government trying to encourage long term saving, by increasing the amount which can be paid into ...

Savings: Act quickly so you don’t miss out on Pensioner Bonds

Act quickly so you don’t miss out on Pensioner BondsNew research has shown that older savers could miss out on the great interest rates offered by Pensioner Bonds if they don’t act quickly. Last week, National Savings & Investments (NS&I), who will administer the Pensioner Bonds, announced the interest rates which are well in excess of other comparable accounts. The one year fixed rate Pensioner Bond will pay a gross interest rate of 2.8%, whilst the three year fixed rate will pay 4.00%. Read more: Pensioner Bonds launched with table topping rates Act quickly ...