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Richard Eastwood
 

May Market Commentary

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Introduction First the good news. None of the leading world stock markets on which we report in this Bulletin fell in April. With just one exception – China – all the markets made gains, with the German DAX index leading the way. Generally...

April Market Commentary

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Introduction We have commented before on the difficulty of ‘hitting a moving target.’ Sometimes in writing this commentary you run the risk of what you write being overtaken by events, and that has never been more true than this month. In the...

March Market Commentary

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Introduction February was another month when all the important news seem to happen in the last week of the month. President Trump delivered the annual State of the Union address on February 6th and announced a second meeting with North Korea’s Kim...

A snapshot of average weekly household spending

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In January, the Office for National Statistics (ONS) released their latest Family Spending Survey, revealing the intimate details of British spending habits. In its 61st year, the report provides an insight into family spending habits, as well as showing how...

Divorce and What To Do with The family Money

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When talking about divorce it’s never long before pensions, finances and how much the whole process costs comes into the conversation. There has been the usual spike in January divorces once again, not least the richest man in the world Jeff Bezos of...

February Market Commentary

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Introduction The story of the US/China trade dispute was a thread running through much of last year. Some progress was made in resolving the dispute at December’s G20 summit and that appeared to continue in January with China saying it is...

Converting a Help to Buy ISA to a Lifetime ISA

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With help-to-buy ISAs being phased out on 30th November 2019, many people are considering transferring their funds into a Lifetime ISA. You’ll still be able to access existing help-to-buy accounts until 30th November 2029, but it’s worth knowing...

January Market Commentary

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A quiet wind down to Christmas? Everyone leaving their offices early and not much happening in the second half of the month? Nothing could be further from the truth: December was one of the most eventful months of the year and while there was some good...

December Market Commentary

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Introduction It is always difficult writing a report like this, as you are always trying to ‘hit a moving target.’ While you can record the stock market levels at the close of business on, say, 30th November, there is always the...

Pension drawdown in an era of long life expectancies

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Retirement planning means taking into account a whole host of factors. You have to navigate tough questions like, ‘What will the impact of inflation be?’ or ‘When will interest rates start to creep up?’ As well as these, there is...

An Alternative 12 Days of Christmas

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It’s the season of goodwill to all men and women, even financial advisers and although a pension may not be top of your Christmas wish list here’s a tongue in cheek look at what your financial adviser could be giving you this festive season: On...

Proud To Be Headline Sponsors of Oldham Business Awards

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We are proud to announce that we are the headline sponsors of the Oldham Business Awards 2019. Entering their 11 years, the awards attract scores of entries each year from all sectors of the Oldham business community and culminate each year in a gala dinner...

November Market Commentary

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Introduction October was, to put it mildly, an eventful month. It was a month which saw the majority of markets on which we report down steeply, as fears of higher interest rates in the US combined with worries about the US/China trade war. There was,...

Autumn 2018 Budget - Overview

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Introduction A Budget for “Strivers, Grafters and Carers” Budgets, as we all know, take place on Wednesdays. After the excitement of Prime Minister’s Questions, the Deputy Speaker calls ‘the...

Looking ahead to the budget

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At this time of year our minds inevitably turn to the government’s budget, now set for October 29th, and any likely new measures that could impact your financial goals. The chancellor of the exchequer, Phillip Hammond, has stressed...

October Market Commentary

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Introduction On Tuesday, 3rd November 2020 the United States will go to the polls to elect its next President. All the indications are that Donald Trump will stand for a second term and if the words of Bill Clinton – “It’s the economy,...

September Market Commentary

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Introduction August used to be known as the ‘silly season’. Everyone who made the news was away on holiday, nothing happened and newspapers were desperate to fill their pages. So rather more obscure stories made it into print… That, of...

August Market Commentary

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Introduction The news in July really could not have been much worse. The threat of a trade war between the US and China simmered throughout the month, and then on 31st July President Trump ramped up the tension with proposals of a 25% tariff on $200bn...

July Market Commentary

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Introduction Let us invite you to travel back in time to June 2016, to the day after the Brexit referendum. Meanwhile, across the Atlantic, campaigning in the US Presidential election is in full swing. You are offered two glimpses into the...

June Market Commentary

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Harold Wilson famously said that, ‘a week is a long time in politics.’ A month is a very long time when we come to write this commentary. Looking back to the first few days of May, the Royal Bank of Scotland was announcing plans to...

What is pound cost averaging?

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If you’re unclear on what the term ‘pound cost averaging’ means, the simplicity of what it describes is perhaps best demonstrated through an example. Abbie is an investor who has already decided where she wants to make a long-term...

Spring Statement 2018

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Introduction In 2016 Britain voted to leave the EU and new Prime Minister Theresa May invited George Osborne to consider an alternative career and replaced him as Chancellor with Philip Hammond, the MP for Runnymede and Weybridge...

What exactly is Mifid

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If you’re an investor, it’s likely that you’ll have heard discussions or read reports around the arrival of Mifid II. It’s just as likely that you won’t have had much idea of what Mifid II is or how it might affect you and your...

What will be in the Autumn Budget?

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Following the final Spring Budget delivered in March this year, the Chancellor Philip Hammond is set to deliver his second budget of the year – and the first to be delivered in the new Autumn slot – on 22nd November. Mr. Hammond’s speech...

Children Can Now Have a Pension!

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Yes, it's true - you can open a pension for your child or grandchild. There are various options where a child's pension can be opened and a maximum of £2,880 per annum can be paid in, net of income tax, in a single tax year. The plan...

Average price for first home reaches record high

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A recent study has found that the average deposit first-time buyers need to pay on a home has now risen to nearly £33,000. This is thanks to the average price of a first home now climbing to a record figure of £207,693. The Halifax First-Time...

Why retirement is worrying millennials

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A recent study by HSBC has revealed the main financial worries of the ‘millennial’ generation, recognised as those born between 1980 and 1997. As its title suggests, the ‘Future of Retirement’ survey focuses primarily on how...

Insurance premiums set to rise due to tax change

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Insurance companies have warned that a recent rise in tax could mean that the average family will end up paying £283 more for their premiums every year. The Insurance Premium Tax (IPT) has now increased from 10% to 12%, meaning that the cost of home,...

Make sure you are set to get the full £1 Million IHT Allowance

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There is no such certainty as death and taxes, but with many of us living longer healthier lives, planning for our retirement and organising and sorting out our tax affairs are crucial to a contented future! This April sees the introduction of the Residence...

5 things to do before your Year End

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With not long left until the end of the financial year, it’s a good time to start thinking about your Year End (if this aligns with the financial year) and ensure you have everything in order in good time to avoid complications or penalties. ...

10 Reasons to Pay into your Pension before April

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Pensions remain the most tax efficient way to save for retirement. With the new freedoms removing any lingering barriers to accessing funds and passing on unused funds on death we want to ensure clients don't miss an opportunity for a top up. Here are...

3 new years resolutions for your finances in 2017

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Whilst New Year’s resolutions are always made with the best of intentions, the truth is that they often prove difficult to keep beyond the first few weeks in January. The main reason for this is that the goals we set ourselves are admirable but simply...

The Young Are Set To Inherit

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A report by the Institute for Fiscal Studies has pointed out that the younger generation are set to inherit more wealth than their predecessors, both in absolute terms and relative to their other sources of wealth. Ranking current pensioners by total...

Only An April Fool Leaves It Too Late - Happy New Tax Year!

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As 2016 starts to fade away thoughts turn to planning for 2017. Most of the changes highlighted below won't come into effect until April, but now is the time to start planning try to avoid the tax year end panic. Income tax - hurrah Personal...

Making a Financial New Year Resolution

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The 12 Days of Christmas may have been and gone, but as we start 2017 with New Year resolutions and plans, Financial Adviser Richard Eastwood has 22 good intentions to get your finances in order and reasons why you should: ...

Is the Autumn Statement Christmas Come Early or Not?

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Philip Hammond’s first Autumn Statement was never going to seem like Christmas come early. But despite the lack of grand spending plans there were some interesting details nonetheless. We’ve summed up the best bits for you ...

Does buy-to-let still pay?

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The popularity of investing in property to fund retirement remains prevalent, in spite of the government’s attempts to make buy-to-let less and less attractive. But is buy-to-let investment really a viable alternative to a pension pot, for example? A...

Celebrating 60 years of ERNIE

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Long before the Lottery Premium Bonds were considered the route to riches. It’s 60 years this week since they were launched as a savings product in the UK, and this November will see ERNIE make the 350th jackpot winner. They are something I like to...

Why you are never too old to appoint a financial adviser

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The true story of a nonagerian You’re never too old to think about the future and one wise 90+ investor has seen her money grow over £40,000 in three years thanks to careful planning with us. Mrs B came to us aged...

Three lessons about retirement from those who have already retired

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Retirement is undoubtedly the section of your life which received the largest amount of planning for most people, with much of your working life spent ensuring you can live where and how you want once you’ve retired. However, as with all plans, there...

Alternative investments from childrens books to memorabilia

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If you’ve got some spare cash left over from more traditional, structured investments, then you could follow in the footsteps of the growing number of people investing in collectibles. As well as providing something physical to enjoy and look after in...

INSIGHT: Where has the Brexit vote left the investors?

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And so it came to pass... There were always going to be fireworks in the financial services sector after a vote to leave. Most experts on the economy predicted it including us – What Brexit Could Mean for Investments But...

Tax Relief on Pensions and the Chancellor

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Pearson’s Financial Advisers are keeping a watchful eye on an anticipated announcement soon regarding the overhaul of pension tax relief. Chancellor George Osborne will announce the outcome of a pension tax relief review on 16 March. While he...

INSIGHT: Taxing matters use it or lose it

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Turn your New Year resolutions into reality… The end of January marks a key date in the small business calendar – the deadline for submitting online tax returns - but with prudent planning ahead and help from experts it...

Pearson Solicitors Commercial team Supports One Oldham Business Awards

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Once again Pearson Solicitors and Financial Advisers are proud to be supporting the Oldham Business Awards. We won Business of the Year in 2013 and last year followed up this success with our Partner Joanne Ormston being awarded...