The Bank of England increased the base interest rate in August to 0.75% – the second increase in 12 months. The Bank’s decision to raise the rate to its highest level in nearly nine and a half years was no great surprise to the investment community. Of more interest to the experts were the […]
A paper published in August by the Office for National Statistics (ONS) casts new light on life expectancies in the UK. Life expectancy has been increasing in the UK for a long time, as the graph shows. In 1980, the average life expectancy at birth was 70.6 years for a man and 76.6 years for […]
The rates charged on student loans rose at the start of September. The revised terms for interest on, and repayment of, student loans were published in August, along with the A level results for the year. From 1 September, the main interest rates for Plan 2 loans, taken out by students and recent graduates […]
The US stock market set a new record for the longest-ever bull market in August. Wednesday 22 August 2019 saw the S&P 500 drop – by less than 0.1% – after 3,453 days, making it the longest-ever bull run (a period of rising share prices) for the index, which is used by professional investors’ as […]
Action Fraud is warning about fraudsters who are targeting those who have already been a victim of fraud. Between January 2018 and July 2018, 1,155 reports of timeshare recovery fraud were made to Action Fraud. In the same period, victims reported losing £7,893,028 – an average of £14,000 per victim. How is this happening? […]
The Lifetime ISA (LISA) may not survive after low uptake by providers and fresh criticisms from parliament. The LISA has been reviewed by the Treasury Select Committee, which was critical of, “its complexity, its perverse incentives, its lack of complementarity with the pension saving landscape and its apparent lack of popularity with the industry and […]
