By Jeff Prestridge Updated: 02:51 EDT, July 8, 2024 Evenlode is an employee-owned investment company that quietly makes money for its clients in its own way. The 18-strong investment team is based in Chipping Norton, Oxfordshire, and manages £5.6bn of assets with the main aim of generating ‘smooth’ returns for investors. While the £3.3bn income … Read more
Protecting pensions: what tax changes could come under the new government? In tax year 23/24 I contributed approximately £100,000 to my pension, taking advantage of the abolition of the lifetime exemption and using unused exemptions from previous years. I want to withdraw my pension now to avoid possible tax changes or anti-forestalling legislation from a … Read more
I am a Nationwide customer and recently visited the branch in my local high street. But it was Thursday and there was a poster saying it was now closed on Tuesdays and Thursdays. I know Nationwide makes a big fuss about keeping branches open, but is this how they do it – by reducing opening … Read more
Higher mortgage rates have been a thorn in the side of homeowners for almost two years. According to Moneyfacts, the average interest rate on five-year fixed-rate mortgages is still above 5%, while the interest rate on two-year fixed-rate mortgages is closer to 6%. That’s a lot lower than the 2.5% averages we saw at the … Read more
Three more mortgage lenders have announced that they will be lowering mortgage rates, marking a new shift towards lower mortgage costs. Barclays, HSBC and Yorkshire Building Society have all cut their rates, after Santander and Halifax earlier this week. Yorkshire BS has reduced its mortgage interest rate by up to 0.2 percentage points. Drop: HSBC … Read more
Aldi has been crowned the cheapest supermarket for a shopping cart of 65 items, despite rivals promising to match prices, new findings show. In June, the average bill for a shopping trolley of 65 items at Aldi was £118.41. That’s £32.60 less than Waitrose, which was the most expensive at £151.01. Waitrose turned out to … Read more
New research shows that almost half of people fail a financial literacy test that asks three key questions about interest rates, inflation and risk. A survey of 3,000 adults, weighted to be representative of the country, found that 20 percent got no answers right and another 24 percent got only one answer correct. According to … Read more
Official opinion polls suggest Britain is on course for a change of government next week after 14 years of Conservative Party rule, with the new leadership tasked with pulling the economy out of the doldrums. Labour looks set for a historic victory, with Keir Starmer’s party pledging to deliver the highest sustainable economic growth in … Read more