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If it’s in the news and it relates to our services, clients and latest trends in Financial Planning, you’ll find it here.
Our experts are certainly not short of opinions and are always happy to share any new insights they have on all matters to do with your future financial wellbeing.
If you’d like to know more about any of the issues highlighted in these articles, just ask.
Mastering Student Budgeting: Essential Tips for University Students
Starting university is such an exciting chapter in life, however, it also marks the start of financial independence and responsibility for many students. The way in which you manage your finances will make or break your time at university, so it is crucial that you get on top of this to ensure a smooth academic journey and set the foundation for your future financial stability. Here we have set out some essential budgeting tips for those embarking on the journey…
October 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
September 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
The rise of the pension millionaire
Here at BFP, we love an interesting statistic when it comes to personal finance. Recently, we have been discussing as a team some information released by the Office of National Statistics relating to recent research into pension funding in the UK.
Quick tips for a financial health check
If the last few years have taught us anything, it’s that nothing stays the same for long. From lockdowns and furloughs to the cost-of-living crisis and the highest inflation rate seen for 40 years, each of us each will have been affected differently. Right now, with so much uncertainty about the future, our financial health is more important than ever. Here we set out our top-tips on how best to get a grip on your finances
The Sandwich Generation – are you feeling the squeeze?
Are you a part of, or soon to be a part of, the ever-growing generation of people responsible for caring for their own children as well as ageing parents? When we last wrote about this topic, we had focused on the ‘Gen Xs’ who are between their mid-40s and 60s and how this situation could be impacting their retirement planning. A couple of short years later, accelerated no doubt by the cost of living crisis, it’s an issue that continues to spread further across age groups with ‘millennials’ between their late 20s and early 40s now joining the ‘sandwich generation’ club in droves. As a result, this is leading to some worrying statistics.
August 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
July 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
June 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
May 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
The importance of recognising and understanding vulnerability
At BFP, caring for vulnerable clients is embedded in our culture. We are continuously on alert for the signs and planning how to service these those whose needs may be different.
Recently, our entire team successfully completed the professional assessment on ‘Vulnerable Customers’ provided by the Chartered Institute of Securities and Investments (CISI). This is something we are very proud of and believe few (if any) financial planning firms in the country can boast of!
April 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
Spring Budget and Women
With the changes in the Spring Budget announced on 15th March, it highlighted the need to address the disparity between women and men’s finances once again.
New funding for early education and childcare was a welcome change for many families, especially for mothers. Even in families where the mother was the main earner before having a child, they’re much more likely than their partner to give up work or reduce their hours after becoming a parent. The expansion of childcare support will provide women with more flexibility and a greater opportunity for them to continue thriving in their careers.
March 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
February 2023 - Cash Recommendations Report
In this report, we have updated our figures to set out what we believe to be the most competitive rates on the various types of personal deposit accounts available at the moment. These accounts are also protected by the Financial Services Compensation Scheme (FSCS) where if a provider fails, the FSCS will pay out an amount of £85,000 per person, or £170,000 for a joint account.
If the account is with NS&I, who is backed by HM Treasury, your full balance is protected. While the rates with NS&I are no longer market leading, this feature is still particularly useful when looking to place large sums, for example, following the sale of a property. The rates quoted may be subject to change and should be checked with the relevant provider before applying.
State Pension – what you need to know for 2023 & beyond
The pension scene is continuously changing and the State pension is no different. This makes it increasingly challenging to stay up to date on an already complicated area. Here we set out the important State Pension changes expected in 2023.
Broadway Bulletin: Autumn 2022
WELCOME TO OUR AUTUMN NEWSLETTER
For various reasons, we’ve had a bit of a break in our communication with you and so I’m delighted to send you our Autumn Newsletter where we’ve got a lot to tell you!