Latest Alternative Investment company news
According to Unbiased, a third (33%) of people who currently have a will, have not updated it in the past year. 15% have not updated in the last 10 years and only one in five (18%) updated theirs in the past five to ten years.
Personal finances can change dramatically over a period of ten years so it is important that people make sure their will is up to date to ensure that their personal wealth is left exactly as they wish at the time they pass away. Worryingly 10% have undergone a relations... [more]
This year really has been a savings rate massacre for consumers, with rates falling to historic lows in line with the plummeting base rate. New research from uSwitch.com reveals that in response to this rate land slide, 9 million savers have locked away a total of £131 billion in fixed rate savings accounts in a desperate bid to bag a decent rate. Unfortunately, a turbulant financial climate has led to almost one in ten of these consumers being forced to access their savings early due to job los... [more]
Proofs are the prototype of stamp designs produced by the security printer for client approval. That means they are extremely rare, with some worth up to tens of thousands of pounds each.
A complete 14 year official archive of unique stamp artwork and rare stamp proofs from Gibraltar is to be auctioned by a UK company this autumn. The proofs of most stamps produced by the island between 1995 and 2009 will be split into individual lots and auctioned to collectors and dealers worldwide in a spe... [more]
Research from Unbiased.co.uk, has revealed that working people in company pension schemes are missing out on huge sums by neglecting to save in tax-efficient ways. The UK’s retirement savers are missing out on an extra £720 million tax relief by not making additional pension contributions.
High-rate taxpayers that are members of their employers’ occupational pension scheme will miss out on an extra £720 million tax relief this year by failing to make Additional Voluntary Contributions (AVCs)... [more]
As savings rates head for 0%, new research from uSwitch.com reveals that almost 1.9 million consumers would look to offset savings against their mortgage in a bid to secure a decent return. The research shows that consumers offsetting almost £3,000 of savings against a £150,000 mortgage and making a £200 deposit into the account every month will save almost £40,000 mortgage interest along with a seven year reduction in the term – all completely tax free. With the average variable rate savings ac... [more]
New research from uSwitch.com reveals that 4.3 million consumers are planning to withdraw their cash ISA savings. Over half of these people have made this decision based purely on falling interest rates, 18% just need the extra money and 4% believe they can get a better deal in a non-ISA savings account.
With the average cash ISA balance at £2,200, this mass exodus could leave ISA providers £9.5 billion lighter in the pocket. In fact, the only person that will be quid’s in from this move is ... [more]
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