What financial protection do you have against the unexpected?

Financial planning means saving for retirement, managing debt, and also preparing against the shock of the unexpected. And yet a recent Money Marketing report suggests that UK savers are ‘worryingly exposed’ to financial shocks. Are you planning for the future? Does your plan include financial protection against the unexpected? Here’s why the answer to those questions should be ‘yes’. And how we can help if it isn’t. Make sure you have an emergency fund The simplest thing you can do to ensure you are protected against the ...

Everything you need to know about Child Trust Funds

The government introduced the first Child Trust Funds (CTFs) back in 2005. Children born after 1 September 2002 were eligible, meaning that the first recipients of a CTF reached the age of 18 in September 2020. According to a recent Guardian report, more than 6 million CTF accounts were opened, estimated to total around £9 billion. The report also suggests that around two million accounts might be ‘lost’ to the children they were opened for. If you think your child’s account is lost – ...

The long-term impact of coronavirus on your finances

The coronavirus pandemic has cost the government billions of pounds. From the Job Retention Scheme to a freeze on VAT and the Stamp Duty holiday, the Chancellor has huge sums to claw back if he is to rebalance the books. The next Budget is sure to bring changes – whether to pensions or taxation. But you might already be feeling the economic impact of coronavirus on your long-term financial plan. However your finances have been affected, professional advice can help you recover and adjust, ensuring you are still on course to ...

Your guide to National Savings and Investments

Back in January, we asked ‘Do Premium Bonds make a good gift for children?’ But National Savings and Investments (NS&I) offer other products too. What are they and should they hold a place in your portfolio? A brief history of NS&I First though, a brief history. Established in 1861 and formerly known as the Post Office Savings Bank and National Savings, NS&I currently has 25 million customers and investments worth £167 billion. By investing in NS&I you are effectively lending money to the government. It is this that accounts ...