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Email: info@futureperfectfs.co.uk


Be vigilant and scam smart

Posted by AndrewEarles on Tuesday 19th of May 2020

Warnings from a number of UK bodies, including the Bank of England, Financial Conduct Authority, National Crime Agency and Action Fraud have urged people to be vigilant about scams by fraudsters who are taking advantage of people’s fears and capitalising on the COVID-19 crisis.

Huge increase in cases
Action Fraud has released figures showing that reports of scams had increased by 400% in March. The majority of reports concerned online shopping scams, with victims purchasing protective products (such as hand sanitiser or face masks) that fail...

Coming to terms with market turbulence

Posted by siteadmin on Monday 23rd of March 2020

As a direct consequence of the COVID-19 outbreak, global stock markets are suffering a period of turbulence. When markets move significantly it can prove very challenging to hear through the noise and focus on the bigger picture.

Lessons from history

Over recent years many investors have become used to a variety of political, financial and economic factors impacting markets, from the Brexit Referendum and subsequent prolonged uncertainty, to the global financial crisis and even further back to the dotcom bust in the early noughties. Althou...

What does the new budget mean for pensions?

Posted by siteadmin on Monday 16th of March 2020

State pensions
The new single-tier State Pension will increase from £168.60 a week to £175.20 in April 2020. For pensioners receiving the older basic State Pension, this will increase from £129.20 to £134.25 per week (3.9% increase). For spouses/civil partners this will increase to £80.45 per week.

The rise is the result of the triple-lock system, which means that the State Pension rises in line with inflation, earnings or 2.5%, whichever is the highest.

Private pensions
To support the delivery of public services, particularly in the NHS, the ...

Providing a retirement windfall for your child

Posted by AndrewEarles on Tuesday 10th of March 2020

Planning ahead and starting early can really help when it comes to building up a financial future for the children in your life. The Junior ISA (JISA) is a popular choice for many, but one often overlooked investment option is the ability to open a pension for your child, to help set them up for retirement.

Increasingly popular choice

Although retirement is a very long way off for your child, putting some money aside now means they can be one step ahead when they come to plan their retirement. Any parent or legal guardian can set up a pens...

Coronavirus Dents Recovery Hopes

Posted by siteadmin on Tuesday 3rd of March 2020

Data released by ONS has confirmed the UK economy stalled in the final quarter of 2019 and the economic fallout from the coronavirus outbreak looks set to hinder prospects of an imminent recovery.

Gross domestic product (GDP) statistics published by ONS showed the UK economy saw zero growth across the final three months of 2019, down from a rise of 0.5% in the preceding quarter. This left last year’s annual GDP growth rate at 1.4%, marginally up from 2018, but still one of the weakest rates of expansion recorded since the 2008 financial c...

Where is the happiest place to live?

Posted by siteadmin on Monday 24th of February 2020

A new survey has revealed the South West is the happiest place to live in the UK, with Wales coming in as the least happy.

The survey by Lloyds Bank and YouGov looked at factors such as: home ownership, salary, household size, knowing your neighbours, loneliness, crime rates, local services and unemployment to create a ‘happiness barometer’.

The survey threw up some other interesting facts:

—         Overall women are happier than men, but happiness for both dips to its lowest level for those aged between 25 and 34.

—         People who ...

Income Protection claims

Posted by siteadmin on Tuesday 18th of February 2020

You might believe you’d be more likely to call on your income protection policy later in your working life, but data from protection insurer, The Exeter, show their average claimant was 40, and on certain products, just 33.

Income protection is designed to pay an income if you're unable to work as a result of an accident, illness, or, with some policies, unemployment. The benefit usually kicks in after what's called a deferred period and can last until you're able to return to work or you retire.

Cover for physical, and non-physical condit...

The insurance policy that could prove critical

Posted by siteadmin on Tuesday 4th of February 2020

Some people might be put off buying a critical illness policy because they believe it’s unlikely to pay out, despite the proportion of claims paid by insurers standing at just over 92%.

So why is there such a gap between perception and reality among consumers?

There have been well-publicised stories in the past where a policyholder has had a claim refused because their circumstances didn’t meet the insurer’s terms and conditions. But in reality, the number of critical illness claims declined are actually a tiny minority compared to the tot...

What does Brexit mean for you?

Posted by siteadmin on Tuesday 4th of February 2020

It’s clearly been a long and rocky road getting to this stage with the process costing two Prime Ministers their jobs and dividing families the length and breadth of the country. However, since Boris Johnson won a landslide victory in December’s election with a mandate to ‘get Brexit done’, the UK has been heading inexorably towards the EU exit door.

The final hurdle in the 1,317-day Brexit saga was safely cleared when the European Parliament rubber-stamped the Withdrawal Agreement at a historic session on 29 January. And the UK is now set ...

The factors influencing your pension choices

Posted by siteadmin on Monday 27th of January 2020

Planning the best way to draw your pension savings is not straightforward, after all, there’s no ‘one size fits all’ when it comes to retirement.

Life expectancy, the impact of inflation and the choices available at retirement (thanks to the 2015 Pension Freedoms) are all influencing factors in your decision making. You’ll also need to take into account not just your pension savings but any other investments or assets you might have.

Your pension choices
If you’re aged 55 or over and in a defined contribution pension plan from 6 April 2015...