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Richard Eastwood
    • Richard Eastwood

    • Partner and Head of Financial Advice
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Are ESG funds set to become the new normal?

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The adoption of Environmental, Social and Governance funds has been rising steadily for some time now, and yet the question has lingered of whether they are to be a flash in the pan or the centre of our financial future. With ESG funds reportedly...

November Market Commentary

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Moving into 2021 we will be doing things a little bit differently, we will still endeavour to keep our clients informed and updated on all aspects of financial planning but this will be the last e-newsletter for a while. Looking back at the last...

October Market Commentary

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September was a difficult month for world stock markets. It was one of those rare months when none of the markets we report on managed to gain any ground as fears of a second wave of the Covid-19 pandemic sparked a global sell-off in shares. It was also...

September Market Commentary

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August used to be known as the ‘silly season’ – a phrase coined by the Times in 1861 to describe the lack of news in August and early September when parliament was in recess. Well, there was plenty of news in August 2020. With...

Will triple lock state pensions survive the current economic crisis?

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The Covid-19 pandemic has dealt a crippling blow to the British economy. The latest predictions from the Office for Budget Responsibility say that the country is on track to see the largest economic decline for 300 years, with output falling by at least 10%...

August Market Commentary

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If there was one word that characterised July, it was tension. Tension between Beijing and Hong Kong, tension between China and the US, and tension between China and the UK over Huawei. The UK made a citizenship offer to up to 3m Hong Kong residents...

What is the value of advice?

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You’re not going to be surprised that, as advisers, our firm belief is that an advised client will get a better financial outcome than a non-advised client. How to prove, though, that we’re not just biased? What is the actual value of that...

The Ins and Outs of Income Protection

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Given the current climate, it’s not surprising that income protection is a key concern for many people. Insurers have reported that the number of enquiries about this type of cover rose by more than 1,000% in March as the number of people fearing...

Retirement planning in the time of coronavirus

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The coronavirus pandemic has signalled the dawn of a worrying time for everyone. As well as anxiety about our own health and the wellbeing of our loved ones, many of us are understandably worried about the financial future. Recent stock market turbulence is...

What questions should you be asking before you access your pension?

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According to HMRC, record numbers of people have been taking money out of their pensions since the beginning of the year. 348,000 people made a withdrawal between January and March, a 23% increase from 284,000 in the same quarter in 2019. The value of the...

June Market Commentary

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For the second month in a row, we went back to the previous month’s Commentary before we wrote a word. How did we leave April in this rapidly changing world? With the Prime Minister having just come out of hospital and having become the father...

How to reduce your monthly expenses

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Many workers have lost their jobs, accepted part-time hours or been put on furlough as a result of the economic disruption caused by COVID-19. According to the Centre for Economics and Business Research, British households will see a drop in their disposable...

It's Always a Good Time to Look at Tax Planning

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When considering inheritance most of us look to leave our home to a loved one or family member and in the midst of Covid-19 there has been some good news for those planning to leave a legacy behind, says Pearson’s Financial Partner , Richard Eastwood ....

May Market Commentary

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Introduction Right now, even a week seems a long time in the news agenda. Remembering the end of March, when we wrote our last Market Commentary, feels like looking back into a different era. Reflecting back, how did we leave March? With the...

April Market Commentary

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Introduction In March, the coronavirus outbreak seemed to steal all the headlines, giving us almost hourly updates as it transformed our lives, and made the word ‘unprecedented’ feel like an understatement. Inevitably, there...

Pearson Team Congratulates Oldham Business Award Finalists

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Pearson Team Congratulates Finalists in Oldham Business Awards As one of the headline sponsors of this prestigious event in the Oldham business calendar this is an evening the Pearson team always look forward to. Last week we should have been gathering...

How long does it take to beat a bear market?

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The current COVID-19 crisis has wiped billions from the world’s financial markets. In the world of investing, such markets where share prices are falling are known as bear markets. Beating a bear isn’t easy, but you’ll be...

Coronavirus Market Context

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As the Coronavirus spreads across the UK there is increasing economic uncertainty. As with previous health crises we think that financial markets will overcome in the long term. The news this week that Coronavirus has started to impact daily...

So was it the Coronavirus Budget?

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So was it the Coronavirus Budget, or the Infrastructure Budget? Or was it, as the Chancellor declared at the end of his speech, the ‘people’s Budget from a people’s government?’ It was certainly a Budget that was high on spending...

March Market Commentary

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Introduction Not the election of Donald Trump, not the US/China trade dispute. Not even Brexit. We cannot recall a single issue having so completely dominated a month’s news – or threatened to have such serious...

Why timing the market doesn't work

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Market timing is an investing strategy where investors move their money in and out of the market to try and avoid losses before they happen and buy-in at the bottom after the market has crashed. It’s the well known tactic of ‘buy low and sell...

February Market Commentary

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China grabbed the headlines again in January, but this time not for trade. On 31st December, the Chinese authorities had notified the World Health Organisation of an outbreak of pneumonia in Wuhan City, Hubei Province. Today the country is in lockdown, the...

What has survived from the original Pension Schemes Bill?

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You may have read various headlines about the Pensions Bill which was first announced in the Queen’s Speech in October. Its progress was subsequently halted with the calling of the General Election but it has now been confirmed by the Queen and is on...

January Market Commentary

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The end of the decade saw the US/China trade dispute continue to make plenty of headlines. However with Donald Trump signing a long-awaited ‘phase one’ agreement on 15th January, it appears 2020 could see tensions ease. Trump is currently due to...

A 'Stonking Majority' but what will Boris Johnson do with it?

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Boris Johnson became Prime Minister of the UK on 24th July, defeating Jeremy Hunt in the Conservative leadership race and famously declaring that ‘do or die’ the UK would leave the European Union on 31st October. Parliament and the courts had...

4 savvy tips when Christmas shopping

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Christmas seems to come round earlier and earlier each year. Retailers start tempting ‘early gifters’ as soon as the Back to School stock has disappeared. And competitive Christmas light displays begin appearing in some neighbourhoods from as...

Pre-Election Thoughts

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The manifestos have been published, the battle lines have been drawn Next Thursday December 12 th , the UK will go to the polls in the first December General Election since 1923. In that election, the Conservatives, led by Stanley...

December Market Commentary

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The beginning of November saw the World Trade Organisation authorise China to put $3.6bn (£2.8bn) of tariffs on US goods. The following week it was reported that a potential trade deal between the two countries could see tariffs ‘rolled...

Making sure you're on track to retain your lifestyle in retirement

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Do you feel like you just go to work day in, day out, with the weeks quickly turning to months and the months to years? If that’s the case, you may be going through life with a vague notion that your pension contributions will...

Sandwich Generation: Financial Planning

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Building wealth and reaching financial independence is not always easy to achieve and it gets more and more difficult when you’re sandwiched. Financial Planning on a Multigenerational Level We often hear the term sandwich generation but what does...

Oldham Business Awards open for nomination again

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Oldham Business Awards open for nominations again As autumn approaches, the new term is upon us it’s time to consider entering the Oldham Business Awards or nominate a colleague, client or supplier The Oldham Business Awards now in their twelfth...

July Market Commentary

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Introduction Many of you will know the old stock market adage: ‘Sell in May and go away, and come on back on St. Leger’s Day.’ The theory was that with everyone out of London for the summer season there was little business to be...

Drawdown tax and flexible retirement income. What does it all mean?

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Once you reach 55, a whole spread of opportunities will open themselves up to you. One such bonus is the fact that you can finally access that hard-saved pension fund. Up to 25% of your savings can be taken tax-free, with the remaining 75% being subject to...

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...

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...

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...

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...

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...