What does the Santander 123 rate cut mean for savers?

Posted by | Interest Rates, News, Savings, Uncategorized | No Comments

Last week, Santander, one of the UK’s most popular high street banks, announced that they were cutting interest rates on their 123 account from 1st November 2016. The interest rate will be halved, taking it from the current top level of 3% down to 1.5% AER variable. This particular account is a regular feature within client cash savings for obvious reasons. A top rate of 3% far exceeds the vast…

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The Brexit effect for annuities and final salary pension schemes

Posted by | Brexit, News, Pensions, Uncategorized | No Comments

Global stock markets have tried to shrug off the Brexit effect since the vote to leave the European Union, but the impact for savers and retirees is only just starting to emerge. With the Bank of England reducing interest rates to 0.25% last week, savers will continue to struggle to earn any interest on their bank and building society savings. The reality is that interest rates were already so low…

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Can the EU and the Euro survive?

Posted by | News, Uncategorized | No Comments

With the world still reeling from the result of the UK’s EU referendum, reactions seem to be polarising amongst different communities in Europe and particularly between the ‘haves’ and the ‘have nots’. The leaders of the ‘haves’, i.e. the EU Politicians and technocrats seem to be taking a tough stance and want to punish the UK for voting to leave. They wish to make an example of us to warn…

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Property – The asset class changed forever

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Following the Financial Crisis of 2008, in my opinion one asset class changed forever: property. The events of 2016 and the post Brexit fallout highlight how short term memory afflicts so much of the investment world, as property finds itself in the eye of the storm again. Firstly, don’t get me wrong, I don’t think a Brexit leave vote is akin to the global financial crisis by any stretch of…

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Brexit – Where now for investments?

Posted by | Brexit, News | No Comments

As the FTSE 100 ended last week at pre EU referendum levels, the so called Project Fear campaign has been derided as a doomed prophecy. The theory being that markets have seemingly recovered strongly and so the fears over a “leave” result were unfounded. There can be no denying the FTSE 100 finished last week strongly, but look more closely and the underlying component parts of the index were behaving…

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Workplace pensions – “my employees will just opt out”

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Despite that we are now approaching the final months for employers to introduce a workplace pension to meet the auto-enrolment legislation introduced in 2012, we continue to hear the refrain from some employers that they will do the minimum required to comply, as they are sure that their employees will all just opt out. Of course, the requirement is for employers to implement a suitable pension scheme to comply with…

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Football Team Commentary

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Pictured above is Eaton Socon under 7’s following their recent end of season presentations. The team, managed by MSFS’s Kieron Brace, enjoyed a successful first year in the Hunts Mini Soccer league, with some memorable games and performances from the whole team. Kieron commented, “Prior to the season starting some of the players had very little, if any, football experience and to see the development of the individuals and the…

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EU Referendum – All aboard the gravy train

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On June 23rd the EU referendum will be held and the British public will be asked to vote on whether the UK should remain in, or leave the European Union. From my discussions with clients over the last few months it has become clear that many are unsettled about the issue. Whilst there are some who strongly believe that we should leave and of course those who feel we should…

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