More than a decade of auto-enrolment
Posted by siteadmin on Thursday 7th of September 2023
Since the government introduced pension auto-enrolment in 2012, millions more workers have started saving for their retirement. Now, the government has confirmed plans to extend auto-enrolment to encourage a savings boost. The changes could have implications for both employees and business owners.
Following a review of auto-enrolment the government has revealed key reforms forecast to increase pension contributions by £2 billion a year.
Key auto-enrolment changes to be aware of
The minimum age of auto-enrolment will fall from 22 to 18
Youn...
Healthy benefits included for you and your family? Little things that can make a big difference
Posted by siteadmin on Wednesday 6th of September 2023
Healthy benefits included for you and your family?
Now those are some little things that can make a big difference.
Protection policies aren’t just there for when things go wrong. Many protection insurers include access to a range of health and wellbeing support services – and you don’t need to claim to be able to use them.
These services can make everyday life that little bit easier. From knowing you can have immediate professional support if your child falls ill, to having the tools to keep tabs on your health, these services pr...
A little change you can make today can safeguard your home. For clients with Decreasing Term Assurance only.
Posted by siteadmin on Monday 17th of July 2023
A little change you can make today can safeguard your biggest investment – your home
If you’re a homeowner, your mortgage payments are likely to take up a large part of your income each month.
You’ve made sure that your loved-ones will have financial protection to cover the mortgage you leave behind if you were to die with life insurance but what about if you became seriously ill or injured, and unable to work? Would you be able to keep up your mortgage repayments?
Statistically, you’re much more likely to be diagnosed with a critical...
The value of advice
Posted by siteadmin on Wednesday 12th of July 2023
Financial planners use their experience and expertise to help people build their wealth and reach their long-term financial goals. Here are ten ways we can help you and your family:
1. Provide access to a wide range of products and services from The Openwork Partnership, including investments, mortgages, and insurance policies, tailored to your family’s needs.
2. Together, we’ll create a financial forecast that answers important questions about your money today and reveals the possibilities for tomorrow.
3. Develop investment strategies s...
For your clients who don't have life insurance and don't think they need it
Posted by siteadmin on Tuesday 11th of July 2023
Healthy benefits included for you and your family?
Now those are some little things that can make a big difference.
Protection policies aren’t just there for when things go wrong. Many protection insurers include access to a range of health and wellbeing support services – and you don’t need to claim to be able to use them.
These services can make everyday life that little bit easier. From knowing you can have immediate professional support if your child falls ill, to having the tools to keep tabs on your health, these services pr...
Could mortgage relief measures risk a financial shortfall later on?
Posted by siteadmin on Tuesday 11th of July 2023
New measures agreed by banks and building societies to help homeowners with their mortgage payments could be a financial risk as they face a higher total interest bill but a lower income in retirement.
Lenders have been encouraged by Chancellor Jeremy Hunt to offer more flexibility to homeowners through a new ‘Mortgage Charter’ to support and reassure them through these difficult times. Under the new Charter, lenders have agreed several measures, including extending borrowers’ mortgage terms. This would reduce monthly payments, wi...
New Mortgage Charter encourages lenders to provide you with more support
Posted by siteadmin on Thursday 6th of July 2023
Banks and Building Societies have been encouraged by Chancellor Jeremy Hunt to offer more flexibility if you are finding it difficult to make mortgage payments. Mortgage lenders, the FCA, the Government as well as organisations such as UK Finance and the Building Societies Association have come together to provide you with a new Charter to give you reassurance and support through these tough times. They are committed to implementing this new Charter as soon as possible.
Lenders have an extensive range of measures they have agreed to, to hel...
Can your energy efficient home help save money on your mortgage?
Posted by siteadmin on Tuesday 27th of June 2023
Have you ever heard of a green mortgage? They’re steadily becoming a popular option for property owners, as many lenders are adding them to their portfolios. If you’re due to remortgage soon and you have an energy efficient home, it’s well worth considering them as a remortgage option. We explore what they are and how they could work for you.
As the UK housing market steps up its efforts to reduce carbon emissions, the ripple effect is being felt throughout the whole housing industry – including the mortgage market.
Step forward the gree...
Is it better to gift a property or leave it in your will?
Posted by siteadmin on Wednesday 14th of June 2023
The pros and cons of both to give you an idea of the kind of things you’ll need to consider.
Is it better to gift a property or leave it in your will?
Before passing away, Maggie gifted her house worth more than £700,000 to her son Bruce but still remained living there, paying a token amount of rent. Nine years later, following Maggie’s death, Bruce was surprised to be landed with an inheritance tax bill for the property.
What did Maggie do wrong?
Maggie knew if she died within seven years of gifting Bruce her house that he may well en...
Worried about mortgage lenders withdrawing their products and deals?
Posted by siteadmin on Tuesday 13th of June 2023
Worried about mortgage lenders withdrawing their products and deals?
The mortgage market is going through another unpredictable time with mortgage lenders withdrawing mortgage deals and increasing rates in a reaction to the recent news that inflation is slowing at a less- -than-expected rate.
Do you need to remortgage now?
If you’re due to remortgage now, don’t panic! The good news is that help is at hand.
Despite the recent withdrawal of some mortgage products and rates, we still have access to thousands of mortgage rates and can searc...
