How to not fall victim to a Pension Scam

June 27,2022 - Furnley House

How to not fall victim to a Pension Scam When the cost of living rises, many people turn to their savings and investments for security and start to question the returns their savings and pensions are providing. Sadly wherever there is money, there is also the vulnerability of being the target of financial fraud. Online crime rose rapidly during the Covid pandemic and hasn’t slowed down since. The Pension Scams

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Approaching Retirement? It might be worth checking your pension value.

June 20,2022 - Furnley House

Approaching Retirement? It might be worth checking your pension value. After years of saving into a pension, those people approaching retirement are likely to have been regularly checking the value of their investments. Some people may have recently found that the money held in their pension has fallen and will be worried that they have lost money. A drop in the value of your pension before retirement can be concerning,

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Divorce: How to secure a retirement future of your own

June 10,2022 - Furnley House

Divorce: How to secure a retirement future of your own The end of a marriage is often difficult. If you are facing divorce, understanding how valuable pensions are in negotiations is extremely important. Retirement can look different as a single person and making sure you have a secure plan in place can be reassuring as you look to the future. Pensions are often one of the most valuable savings pots

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Inflation: Watch the pennies, but not at the expense of the pounds

May 11,2022 - Furnley House

Inflation: Watch the pennies, but not at the expense of the pounds Inflation is a global concern and in the UK we are being warned to brace ourselves for further price rises. Consumers may be trying to reduce their outgoings by cutting down on the weekly shop or using less fuel, and even though these small savings add up, it is important not to lose sight of the bigger financial

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Spring Budget 2022

March 24,2022 - Furnley House

Spring Budget 2022 Yesterday, chancellor Rishi Sunak delivered his Spring Statement, setting out the government’s tax and spending plans and forecasts for the UK economy. The Spring Statement, one of two financial statements the chancellor makes every year, does not normally see big tax and spending decisions announced. Yet this Budget was set against a backdrop of rising fuel, energy and food costs. Figures from the Office for National Statistics

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The Bank of England Raise Interest Rates rise to 0.75%

March 17,2022 - Furnley House

The Bank of England Raise Interest Rates rise to 0.75% The Bank of England has today raised interest rates to 0.75% despite a stern warning from the Chancellor, Rishi Sunak, that war in Ukraine is creating ‘significant economic uncertainty’ in Britain. Members of the nine-strong Monetary Policy Committee voted to increase the base rate from 0.5 per cent to 0.75 per cent in a move which aims to tackle rising

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5th April ISA Deadline: Use It Before You Lose It

March 09,2022 - Furnley House

5th April ISA Deadline: Use it before you lose it Inflation has been a hot topic over the past year. The daily cost of living has got higher, and interest paid on cash savings is not keeping up with the rising costs of food and fuel. If you have money held in either cash or investments account’s, one important way to offset concerns about inflation is to make sure you

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Why Pensions are off to a Bumpy Start in 2022?

February 09,2022 - Furnley House

Why Pensions Are Off to a Bumpy Start in 2022? For stock markets around the world it has been a bumpy start to 2022. US stocks fell in January with investors expecting interest rate rises and tensions between the US and Russia adding to the sense of uncertainty. This had a ripple effect through to the Eurozone and other countries where we saw share prices move erratically. It has been

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Pensions and Benefits Will Not Keep up With Cost of Living: Opening a Pension for a Loved One Protects Future Generations.

January 27,2022 - Furnley House

Pensions and Benefits Will Not Keep up With Cost of Living: Opening a Pension for a Loved One Protects Future Generations. Benefits need to rise in order to match the soaring cost of living, a think tank has warned. The Institute for Fiscal Studies (IFS) reported in January that 10 million people are affected by price hikes that were not matched by benefit rises. The rising cost of living has

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Despite Interest Rate Rise, Savers Are Still Losing Out

January 12,2022 - Furnley House

Despite Interest Rate Rise, Savers Are Still Losing Out The Bank of England increased the Base Rate to 0.25% in December. Whilst lenders have been quick to charge the higher interest rate to borrowers on variable rate mortgages, many banks and building societies have yet to increase the interest rates they pay to savers. Research by the Mail on Sunday revealed that savers in easy access accounts are on average

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