City of Culture: The 2025 bids and why they’re worth a visit

Posted by siteadmin on Monday 6th of September 2021

If you’re looking for a new place to visit in the UK, the City of Culture designation could help you find a new urban place to explore. The current host is Coventry, but five cities have already declared their bid for 2025.

The government introduced the City of Culture designation after Liverpool was named the European Capital of Culture for 2008. The title brought social and economic benefits to the area. The redevelopments and events were a success, which led to the creation of the UK City of Culture to provide similar kickstarts to other...


Low interest rates have made borrowing money cheaper than ever, but interest rates could start to rise in the next 12 months. If you’re paying off a mortgage, it could affect your outgoings and the full cost of borrowing.

We’ve experienced over a decade of very low interest rates. That’s been good news if you’re borrowing but has negatively affected savers. However, this could change as the economy begins to recover from the effects of the pandemic.

The Bank of England (BoE) first cut interest rates to record lows following the 2008 financ...


Property is often seen as a way to generate a passive income or to fund retirement. Yet a survey has found that an increasing number of landlords are considering selling at least a portion of their property portfolio due to tax and regulation changes.

Property can be a useful asset to invest in. However, if you’re thinking about purchasing a buy-to-let property, it’s important you fully understand the responsibilities and potential financial returns. If you already have buy-to-let properties, it’s just as important that you keep on top of c...


5 signs you could benefit from income protection

Posted by siteadmin on Monday 6th of September 2021

September will mark the first Income Protection Awareness Week. Income protection can provide financial security when you need it most, but it’s often something that’s overlooked. If you recognise these five scenarios, it may be worth looking at how income protection could fit into your wider plans.

1. Your employer doesn’t offer sick pay

It’s worth looking at the benefits your employer offers when weighing up the pros and cons of income protection. You should check what your employer’s sick pay policy is and how long it lasts.

Many emplo...


How financial planning can help you strike a better work-life balance

Posted by siteadmin on Monday 6th of September 2021

Financial planning is about much more than simply growing your wealth. Not only can it reduce financial worry, but it can help you achieve long-term goals, reduce stress levels, and increase your mental wellbeing.

Perhaps you feel like you don’t have enough time to spend with those you love? Or maybe you’re striving for early retirement but you’re not sure how to get there? Financial planning exists to guide you through these issues with confidence.

Pandemic burnout and the increased work week

Covid-19 has influenced almost everything si...


What are your plans for your first few years of retirement? Being able to take a tax-free lump sum from your pension can open up a whole host of possibilities. But would you be better off leaving your money invested?

When Pension Freedoms were introduced in 2015, it gave retirees more flexibility. One of the benefits introduced was the ability to take up to 25% of your pension without paying Income Tax on it once you reach 55, rising to 57 in 2028. It’s certainly an attractive option and can mean you have the cash to turn your retirement dr...


The pandemic has highlighted the impact the unexpected can have on finances and lifestyle for millions of people. The uncertainty of the last year is spurring more people to consider financial protection products. However, simply taking out a protection policy may not provide you with the right type or level of cover. It’s crucial you consider your priorities and situation.

Some 8.3 million (48%) of 25- to 44-year-olds that don’t have an income protection policy are now interested in learning more, according to an LV= survey. After a year w...


As the deadline for opening a Help to Buy ISA drew near, aspiring homeowners rushed to open one. Yet, thousands of accounts have nothing in them, and you could be missing out on valuable government bonuses. For savers that don’t have a Help to Buy ISA, a Lifetime ISA (LISA) is still an option that could boost your deposit.

The challenge of saving a deposit: Average first-time buyer has a deposit of £58,986

Saving a deposit is one of the first challenges would-be homeowners face. As rent and property prices have increased, many young worker...


World Environment Day: Why restoring ecosystems is important

Posted by siteadmin on Monday 24th of May 2021

Since 1974, World Environment Day has been celebrated annually on 5 June. It aims to engage governments, businesses, and people to address pressing environmental issues. This year, the theme is “ecosystems”.

An ecosystem is a community or group of live organisms that live in and interact with each other in a specific environment. From frozen tundra to diverse forests, ecosystems are important, but modern lives mean these environments are being degraded. According to the United Nations (UN):

  • Every three seconds the world loses enough fore...

Why you need to review your will if you’re gifting to loved ones now

Posted by siteadmin on Monday 24th of May 2021

Are you thinking about gifting during your lifetime? Traditionally, you’d pass on wealth to family and friends through an inheritance, but many people are finding that doesn’t fit in with their plans. Instead, they’re passing on some assets now, but they do need to think about how it will affect the legacy they leave behind.

There are many reasons why you may be thinking about gifting during your lifetime. The act may allow you to see the joy or security your gift can bring, or use gifting to reduce a potential Inheritance Tax bill. However...


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