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What to expect from the next Budget

Thursday 9th of January 2020

The planned Budget last November was cancelled in the run-up to the election. The chancellor Sajid Javid has announced the next Budget will take place on Wednesday 11 March.

The chancellor has pledged to tackle the cost of living and tear up strict budget rules to hike borrowing for infrastructure spending. He will use the Budget to:

  • Fulfil government pledges on tax to “help tackle the cost of living for hard-working people.”
  • “Level up” economic performance in struggling towns in northern England and the Midlands
  • “Build on” recent anno...

The Results Are In
Following six weeks of intense campaigning, the result is in. The electorate has delivered its verdict.

In Britain’s first December general election in nearly 100 years, the Conservative Party has won a very comfortable majority, soaring past the magic 326 seat mark in the early hours of Friday morning. With the Conservatives now occupying 364 seats with just one left to declare at the time of writing, Boris Johnson’s gamble certainly appears to have paid off – it’s the party’s best election performance since the 1980s. Th...


Time in the market, not timing the market

Wednesday 4th of December 2019

As yet another general election looms over the UK population, you could be forgiven for not quite feeling in the festive spirit. I think we can all agree no one really wants to be thinking about politics and the future of the country in December. I’m sure we would all much rather be sipping mulled wine and searching for the perfect Christmas tree.

With more uncertainty in the air we know that many of you might be concerned about what may lie ahead for your investment. It can be tempting at times like these to make short term decisions in an...


Omnis Investments - Jupiter Asset Management

Thursday 7th of November 2019

In July Omnis Investments, appointed a new fund manager to the Omnis Income & Growth Fund to replace Woodford Investment Management. Omnis made this change to help enhance the performance of all the assets held within the Fund.

Only a small part of your investment portfolio is held in the Income & Growth Fund, but with so much news on Woodford Investment Management in the media, I wanted to make sure you are fully informed about the transition to Jupiter Asset Management, and the positive impact on performance so far. 

Omnis selected the n...


Are fears of a recession overdone?

Tuesday 8th of October 2019

There has been a lot of talk in the media recently about the risk of a recession over the next 12 to 18 months. According to Bloomberg, the number of news items mentioning ‘recession’ has spiked in 2019 to the highest level in five years. One of the main triggers was the inversion of the yield curve which in the past has tended to precede a recession. However, we believe that may not be the case on this occasion.

Typically, investors expect higher compensation for putting their money away over a longer period to make up for the risk of infl...


Women in Financial Advice Awards

Wednesday 25th of September 2019

WIFAA19-WINNERS_Team_Leader_of_the_Year_Sarah_Hogan.jpg


Divorcing couples and capital gains tax

Monday 23rd of September 2019

Under new rules, if you move out of a home that was your main residence — because of a marriage breakdown, for example — you will have as little as nine months to sell that property without being hit by a capital gains tax bill on any profits.

At present you have 18 months to sell your home after moving out before you have to pay a capital gains tax. However, that time period will be reduced to nine months from April 2020.

Take a couple who bought a house for £200,000 and lived in it for 10 years. Let's say they decided to divorce and the ...


Defined benefit pension transfers

Friday 13th of September 2019

Pension_Transfer_Gold_Standard__Gold_RGB.jpgSarah Hogan is a Pension Transfer Specialist on behalf of Openwork and has been awarded the Gold Standard for defined benefit pension advice.

Defined benefit pension transfers have been popular in the market and the press in recent years due to the availability of Flexi Access Drawdown following a pension transfer from a defined benefit scheme. However, giving up a guaranteed, inflation proofed income in retirement for a lump sum that is not guaranteed is not right for everyone.

The FCA believes that a defined benefit scheme is, in some ca...


Over 55’s are burning a hole in their pension savings even when they don’t need to according to data published by HM Revenue and Customs. According to the data 336,000 over 55’s withdrew a record £2.75bn from their pensions between March and June 2019. Since the flexible pension rules were introduced in 2015, more than £28bn has been withdrawn from pension funds by nearly 2.2 million people and a large percentage of these were still working and didn’t really need it.

But why is this the case?

Let’s explore some of the factors...

1. “I’m a...

Practical ideas for downsizers

Wednesday 28th of August 2019

Getting fed up of everyone coming around to yours for Christmas?

Or are you rattling round a large house because your kids have grown up and flown the nest?

Or perhaps you’ve found a lovely little property in a part of the country you’ve always wanted to live?

Whatever your reason for downsizing we’ve got some practical steps to help you make the most of the move...

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Measure up
Whether you’re moving into a two-bed bungalow or a one-bed flat, you’ll still need to know how much less space you’ll have in your new home so that you can take ...