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 …
A Lasting Power of Attorney (LPA) gives someone you trust the ability to make decisions on your behalf if you cannot. This can ensure there’s someone taking care of your affairs and advocating on your behalf if you’re ill or lose mental capacity. Naming an LPA is an important step, and it’s one you should discuss with the prospective person …
Much of 2022 has been marked by investment volatility and economic uncertainty, and October was no different. According to the International Monetary Fund (IMF), there is a rising risk of a global recession. The organisation downgraded its global growth forecast for 2023 to 2.7%. It said financial instability was linked to shocks caused by the Covid-19 pandemic, the war in …
When you read the news headlines, it can seem like it’s all doom and gloom. But some businesses are leading the way and could change the world for the better. From well-known brands changing how sectors operate to innovative start-ups, here are just five businesses that are tackling issues like climate change and environmental degradation. 1. Upside Foods Animal agriculture …
After more than a decade of cheap borrowing, interest rates are rising. If you’re paying off a mortgage, making overpayments could save you money. The Bank of England has increased interest rates to tackle high inflation. That means the cost of borrowing has increased and it could mean your mortgage costs you far more overall. If you have a tracker- …
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 …
The State Pension is set to increase by a record amount under the triple lock due to high levels of inflation. If you’re claiming your State Pension, read on to find out what it means for your income. While there had been speculation that the triple lock would be suspended this year, the Conservative Party under Liz Truss committed to …
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” …
October can be a scary month; the nights are drawing in and All Hallows’ Eve takes pride of place on the very last day. There is, however, a far more important day that takes place around the same time and very few of us are aware of it. The 30th October is National Pension Tracing Day, I admit it’s not …
High levels of inflation and economic uncertainty continue to plague the investment markets. Investment portfolios are likely experiencing volatility – read on to find out what has been influencing markets. Despite the doom and gloom statistics, financial services firm JP Morgan suggests that a global recession could be avoided as inflationary pressures ease. As an investor, you may worry about …
