Blog
Investors often lose sight of their long-term goals due to two main distractions: fear and hype. Fear, often brought on by global events or market downturns, can cause investors to focus too much on the short term. This can lead to hasty decisions that derail their long-term strategies. On the other hand, hype, which arises
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One topic on everyone’s mind is the role of Artificial Intelligence (AI). So, I’d like to dive into this fascinating topic: What exactly is the future of personal finance management in the UK with the rise of AI? What is AI? AI, or Artificial Intelligence, is the broad concept of machines being able to carry
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If you’re planning for retirement, you may be considering buying an annuity. Annuities provide a guaranteed income for life, which can be a valuable source of security in retirement. In recent years, annuity rates have been on the rise, meaning you can now get a higher income from an annuity than you could in the
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Some believe they need to invest in more complex financial instruments to get higher returns. However, it’s important to evaluate whether these investments are necessary and will help you achieve your financial goals. What are complex investments? Complex investments are financial instruments that are more intricate in nature, come with higher risks, increased costs, and
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The State Pension is as close to a guaranteed source of income as you can get. If you have paid enough National Insurance for 35 years, you will receive the full amount, which is currently £203.85 per week or £10,600 per year. This amount will likely continue rising due to the triple lock guarantee, which
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A common question from clients pertains to the importance of setting goals in financial planning. The answer is that goals play a pivotal role in financial planning. Goals provide direction to financial planning. Individuals and families need to establish precise financial objectives to determine their priorities and aspirations. These objectives may vary, from immediate ones,
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When providing investment advice, we may discuss the idea of home bias and its potential impact. Home bias describes the tendency for investors to put a larger portion of their portfolio into assets within their own country, like stocks and bonds. For example, a UK investor with a home bias would have a higher percentage
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Budgeting is often associated with financial planning, but did you know that it can also have significant benefits for your mental health? While it may seem surprising, taking control of your finances and creating a budget can help reduce stress and anxiety, improve your self-esteem, and lead to overall better mental well-being. Here are some
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One of the two limits on how much you can put into your pension each tax year is the “Annual Allowance”. This limit was £40,000, but the government increased this to £60,000 in the Spring Budget. There has been a rule that this limit is reduced if your income is too high. If your income
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We have updated our guide to actions that could be taken to minimise taxes here. For our clients, some of the key ones are making full use of the ISA and Pension allowances. The only thing we would advise against doing now is disturbing invested assets to make use of these allowances. An example of
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