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The Bank of England has recently increased its base rate to 5.25%. This was a second increase in a very short period of time. The early indications are that the base rate will remain at this level for the foreseeable future or that there may be another one or two increases in the next few [...]

As there are more and more investment funds in each sector, picking the top ones is becoming more and more important. The differences in performance between the top and bottom funds in individual sectors have historically proved to be massive. In some sectors over a period of twelve months there has been over 50% and [...]

As I am not in the UK super rich list and I am unable to buy one or more properties without taking on any debt, the best solution would be to start investing in the property funds. Over the last three years property funds have produced some twenty to thirty percent annual growth. As the [...]

Credit card debts are at a record high, due to many individuals lack of awareness of the flexibility of the modern mortgages. Many individuals currently sit with 20,000+ debt on their credit card on which they are paying 20+% interest. However the last decade’s incredible growth on the domestic property market leaves large numbers of [...]

I was told to take out my Endowment Policy with Legal & General because not only was I going to pay off my mortgage but I could choose to have a lump sum as well or pay it off earlier.  The information that I was given was Jaded to say the least. It turns out [...]

Recently a few credit card companies caught up with me after 6 years because I stupidly opened a bank account as for the first time under this current Labour Government I have found regular employment. I spoke to a friend of mine who is an Independent Financial Advisor (IFA) and told him that I was [...]

My very good friend has recently become a widow with three little children. Fortunately three years ago she and her husband had seen an IFA. Up on accepting his recommendations they had set up life insurance for them both individually. Although they did not accept the highest level of cover recommended to them, they compromised [...]

Am I the only one that thinks that lots of people are taking advantage of the endowment misselling scandal and are making fraudulent claims?

I spoke to a friend the other day and he has just received an extra £2,550 from the insurance company for allegedly being missold his endowment. He was quite happy to tell [...]

Up until three years ago over the previous fifteen years all of my savings and investments were invested in With-Profits Funds. These have performed fairly well throughout that period considering that they are relatively low risk holdings. However, after an extensive overhaul of my savings and investments I decided to move from With Profit Funds [...]

Do you have a good or a bad financial adviser? There are no hard and fast rules but here are a couple of things to look out for.

The adviser needs to be independent and not just tied to one insurance company. Many advisers can simply advise on the products sold by one company thereby dramatically [...]