Entries by Philip J Milton & Company Plc
Anniversary time and awkward markets
House prices drop as interest rates increase
House prices have dropped by the biggest yearly decline for 14 years, according to Nationwide.
The data for July was shortly before the Bank of England increased interest rates yet again, taking it from 5% to 5.25%, spelling more uncertainty for mortgage holders.
The BBC has reported the latest from Nationwide, which said affordability was becoming...
Rising rates, what we look for and dubious practices
So, credit agencies have downgraded the US for its financial stability and the market there has taken a turn downwards. What does it mean? Of course we shall be assessing that as we do our utmost to manage clients’ investments wisely and their financial affairs. However, it’s a blow for Mr Biden’s hopes for...
How much do you need for a ‘comfortable’ retirement?
UK residents need at least an extra £26,000 in addition to their State Pension to live a ‘comfortable’ lifestyle during their retirement, according to recent data.
The research was carried out by Standard Life, which used the MoneyHelper annuity tool from www.moneyhelper.org.uk to work out how much people would need in their pension pot to...
Replacing your State Pension could cost a fortune
Recent news the State Pension booster scheme has been extended until 2025 is very welcome, but did you know it could cost you a small fortune to replace the full State Pension if you’re not eligible for it?
Data from sharingpensions.co.uk published in June has shown it would cost just over £205,430 of pensions savings...
Kinder markets and when to move?
Savings accounts are costing you money, says new report
A new report has revealed the shocking low level of investment in shares by the general public, with most people preferring to savings in cash – which hurts their bank balances and the nation as a whole.
Did you know there is £1.8 TRILLION sat in cash savings accounts around the country? That sounds good,...
Probate delays adding extra costs for bereaved families
Families are seeing potential extra costs due to delays of up to several months before probate is granted after a death – but there are some things you can do to keep the costs down.
A grant of probate is a legal requirement for anyone handling the estate of a deceased person, before any inheritance...
Gilts, Sterling recovery and markets
So the UK Government has sold the most expensive Gilt since 2007, paying 5.668% till redemption in October 2025. That is significantly higher than the rates which were applying only a few years ago. Unless inflation abates (and wage figures today don’t help) then the cost of servicing the National Debt will rocket and...