admin, Author at YourMoney

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Author Archives: admin

Negative Interest Rates

Negative interest rates are here. For how long and what the consequences will be for on investors, savers, borrowers and the economy is difficult to say. On July 1st the FT reported that all Swiss government debt yields went negative. The last to go was a bond that does not mature for almost 50 years. […]

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December 3, 2015

Closet Tracker funds – Is Yours?

Closet Tracker Funds

It should be a clear choice for investors. Invest in an  Active or a Tracker fund but is your fund one of the “Closet Tracker Funds” charging you active fund fees? In simple terms a tracker fund (one that closely mirrors an index) which is a relatively simple automated service to balance the holdings in […]

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July 19, 2015

Pension Unlocking

Pension Unlocking

These fraudsters  are thriving,  currently active and they will target you. The warnings about the dangers of pension unlocking and pension “liberation” and examples can be found in the national press. Pension Unlocking and Pension Liberation – Beware ! The fraudsters are always plausible, they always make it sound good and reasonable they may mention” […]

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July 16, 2015

Funeral Plans

Funeral Plans - Get it right

More and more people are realising the burden they are placing on their families if they haven’t made plans to set aside money for their own funeral. Finding several thousand pounds within a few days will put a strain on most family budgets. You have choices to make. Funeral Plans Funeral costs are rising much […]

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July 14, 2015

UK Pensions comparison

UK Pensions comparison

  The FT reports on how UK pensions compare with other countries. A recent study comparing 25 international retirement systems placed the UK in ninth position. UK Pensions comparison Survey This is an improvement on an previous years results but still a long way behind Denmark, which ranks top and has done so  for a […]

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July 4, 2015

FSCS deposit limit to drop to £75k

FSCS deposit limit

The Prudential Regulation Authority has announced changes to the FSCS deposit limit and a new lower level of protection from the Financial Services Compensation Scheme.     FSCS deposit limit to drop to £75k The change takes place on January 1st 2016. Retail customers and small business deposit protection at the current level of of […]

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July 2, 2015

Critical Illness Read the Small Print

Critical Illness Read the Small Print

Critical Illness Read the Small Print Story featured in the mail of a  because the policy holder had a cardiac arrest NOT a hear attack.  Policy taken out through HSBC Bank.   Lesson to be learned is to take professional advice from an expert in the field.  Small print matters in all contracts but especially […]

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June 23, 2015

Cost of Life Insurance

Cost of Life Insurance

According to a recent survey the average consumer over estimates the monthly cost of life insurance by considerable amount. When questioned participants estimated the premium would be be £50.98 per month when in fact the average true premium was £10.31.   You can read more about the survey and responses by   Cost of Life Insurance […]

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June 22, 2015

Pension Freedom Frustration

Pension Freedom Frustration

Pension Freedom Frustration The current situation is that if the pension pot is in excess of £30,000.00 and the pension owner wishes to access the funds they must get advice from an FCA registered adviser.  Nobody is happy Situations are arising where no party in this situation is happy.  The pension provider is bound by […]

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