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Posts by: haleema

Estimating Investment Risk

People are generally very bad at estimating risk and deciding whether they should be concerned or not when given a statistic. As illustrations, please think about the chances of winning the National Lottery Lotto draw and chances of being struck by lightning. In the weekly Lotto draw, your chances of winning the jackpot are 1 in 45 Million; to win…

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When SIPPs can bite!

Small to medium businesses owners who need premises are often advised to use their pension money to buy the premises. Then their business pays rent on commercial terms for the premises to their pension scheme, which in turn pays off the commercial mortgage. Given average luck, the business owner should live happily ever after, as at retirement, they can sell…

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Use it or lose it – getting near to the tax year end

This time of year it is worth looking seriously at using up allowances or bracing yourself for losing the unused allowances. Uncertainty around the next budget makes this a more urgent proposition, but as far as I am aware, much of what is in the press is speculation, pure and simple, with little substance or perhaps a little mischief making….

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Handling the Bull and the Bear

Investors always get very jittery as markets change from being described as “bull” to “bear” and historically have made some very poor decisions by acting in haste. A good investment portfolio, with a wide spread of diversified investments may well wobble a little, but should retain the majority of its value. For clarity, a bull market is a rising market,…

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How free is a free pension review?

The Financial Conduct Authority has strict rules about cold-calling potential clients for regulated financial advisers, so many IFA’s do not solicit for clients in this way. Unfortunately, most cold calling is done by marketing companies, who are unregulated and sell on their leads to IFA’s at considerable cost. As a consequence, if you do take up a “free pension review”,…

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Ageism in Mortgages

It has been common knowledge in adviser circles that mortgage providers have been very “tricky” to deal with when the prospective mortgage holders are much more than 55. Even people who would normally be considered to be financially secure have found it difficult to find mortgages to last long enough to suit their circumstances. The Daily Mail today gives details…

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Is Edwina Currie right about the young?

Edwina Currie, the ex-Conservative politician and ex-lover of John Major has an opinion piece in the Saturday Telegraph and the website that suggest the spending habits of the young are responsible for their inability to save for buying a house and save for a pension. (See the original article at http://www.telegraph.co.uk/finance/personalfinance/pensions/12102364/Hey-youngsters-No-pension-No-home-No-wonder.-Look-at-you.html. As probably one of the last of the “Baby-Boomers”,…

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A Fitness Test for your Savings

I suspect like a lot of the UK population, you have made some New Year resolutions about getting fit and losing a few pounds. These resolutions normally do not last past the beginning of February, so try something different; gain a few pounds, (in the purse or wallet), and ignore the diet! Everyone needs some savings; borrowing money to meet…

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Dealing with the Christmas hangover

The last few weeks of December see the consumer frenzy come to a climax and then a long, painful wait to the next pay cheque, potentially at the end of January. Christmas and the New Year see a spike in consumer credit and the commencement of divorce proceedings, which surely is not a coincidence. We are notoriously bad at setting…

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Yet another blow to Buy-To-Let investing

The recent Autumn Statement appears to have delivered another hammer-blow to Buy-to-Let investing, as it introduced an additional 3% Stamp Duty on second and buy-to-let homes from 1st April 2016. We do not have the finer details as the government will consult, but there have been suggestions of exemption for corporate owners and investment funds with more than 15 properties….

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