Eccentric Willy Wonka boasts a lot of enviable skills as a businessman – he’s innovative, understands his target audience, and inspires loyalty from his employees. But his skills at succession planning left a lot to be desired. Over the years many actors have taken up the role of Roald Dahl’s iconic chocolatier Willy Wonka. The character is getting a new …
High inflation over the last year has collectively cost savers billions of pounds in real terms, according to an Independent report. Have you considered the effect the rising cost of living could have on your wealth? While inflation may not reduce how much you have in your savings account, in real terms, the value may fall. As the cost of …
Participants of a trial in England are set to receive an income every month without having to work. It’s the first time universal basic income (UBI) will be provided in England, and advocates argue it could be the future. The idea of providing citizens with UBI has been slowly gaining traction in the last couple of decades. Read on to …
Have you ever wondered what it takes to become very wealthy? A new psychology study suggests that personality traits might have more to do with wealth than you first think. The study, which was conducted by researchers at the Open University and the Norwegian School of Management, assessed the attributes of around 3,200 people. The traits were then compared to …
As a business owner, have you considered how your firm would cope if it lost a key member of the team unexpectedly? Key person cover could provide a vital cash injection when you need it most, but it’s something many businesses are overlooking. Losing a key person may have a devastating effect on businesses. According to a report from Legal …
The benefits of having a will in place are well-documented, although if you don’t have a will, or haven’t updated it in some time, you’re not alone. A recent survey from MoneyAge has found that 51% of adults in the UK currently don’t have a will in place. Of those with a will, 43% haven’t updated it since it was …
Two-thirds of families could find themselves in financial difficulty if they face a shock because they don’t have enough saved in an emergency fund, research suggests. Do you have enough saved to cover potential emergencies? An emergency fund is an important part of creating financial resilience. It means you could maintain financial commitments and your lifestyle even if something unexpected …
Experts are predicting that the UK will face a recession in 2023. While it can be tempting to react to this news by changing your investment strategy, sticking to your long-term plan makes sense for most investors. Read on to find out why. Several factors are contributing to economic uncertainty, including high inflation and concerns about energy supply. The long-term …
Financial protection can provide valuable security when times are tough. Research from LV= suggests that many people that don’t currently have protection in place would like it. Here’s what you need to know. Nearly 1 in 5 people admitted they would struggle to pay their mortgage or rent if they couldn’t work for two months. With many families just one …
Figures suggest that many households aren’t saving enough to be financially secure in retirement. Calculating what income you’d need to reach retirement goals before the milestone could mean you’re in a better position to reach them. According to a report in PensionAge, only 43% of baby boomer households below the age of 65 are on track to secure a “moderate” …
