Monthly Archives: July 2018

FCA – Basic Savings rate to boost returns

Banks could be forced to set a minimum interest rate on their savings accounts, the financial conduct authority (FCA) has suggested. The FCA advised that they are concerned that savers who are loyal to their bank or building society and … Continue reading

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UK Government borrowing hits 11 year low

Between April and June 2018, Government borrowing fell to its lowest level since 2007, Borrowing for the financial year has so far reached £16.8bn which is £5.4bn less than the same period in 2017 according to the office for national … Continue reading

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Are Savers missing out when it comes to making their money work hard

Lack of understanding when it comes to looking at the options available can mean that one if four adults could be missing out on thousands of pounds in interest, research carried out by Oaksmore ISA has found. They advised that … Continue reading

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How is the Pound euro exchange rate doing in recent Brexit events?

Over the last few days, we have seen quite a shakeup in parliament, with both Boris Johnson and David Davis resigning in the midst of Brexit strategy talks. Following on from the resignation of both cabinet members concerns were raised … Continue reading

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Inform banks about a death with one form and much less stress

A new service has been launched that will allow friends and family to notify banks and other financial institutions of the death of an individual and just use one form, this service is provided by ‘The death notification service’ this … Continue reading

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Stocks & Shares ISA or Cash ISA

An Individual savings account (ISA) gives you the option to save money without paying tax on the growth, interest or returns. In today’s world there are many different types of ISA, however the two main ones are Cash ISA and … Continue reading

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Rate updates, when can we next expect to see a change

In May 2018 CPI (Consumer price index) remained unchanged at 2.4% according to www.ons.gov.uk This is leading to industry speculation that interest rates will remain unchanged until later in the year or into 2019 We asked our Fund Manager John … Continue reading

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Why you should speak to an expert before cashing in your pension pot

According to the Financial Conduct Authority (FCA) some pensioners could receive 37% more retirement income every year by investing rather than cashing in. They have also advised that workers should be given more guidance on what to do with their … Continue reading

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Staff swap a day in the office to help the local community

Staff from Baggette & Company Wealth management and Homeline Mortgages recently gave up their time and took up the challenge to help Avon Tyrell Activity Centre get ready for the summer season. Avon Tyrell is an outdoor activity center in … Continue reading

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Could this be the end of Cash?

As more and more people are switching to digital payment methods, an independent review has been set up to look at the impact on consumers. The Access to cash review will be chaired by the former head of the Financial … Continue reading

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