The simplest diversification is to have a lot of dice (investments), meaning any losses may be counteracted by the other investments.

Inheritance Tax (IHT) planning is one aspect of financial planning that is often neglected, which can, in many instances, be a very costly error of judgement.

Only 52% of children aged between 7-11 years old have received or learnt about some aspects of financial education in schools.

Many take out life assurance to protect their families and loved ones from financial loss in the event of their deaths, especially if they have mortgages.

Many people know the importance of making a Will but, whilst a Will directs how your affairs are to be handled following deat

The continuous rise in the State Pension age is having a significant impact on people having to work longer.

inflation reached its lowest rate since 2016, falling to 1.7% in August, which suggests that interest rates are unlikely to rise in the near future. This is lower than the expected rate of 1.9% and the Bank of England’s 2% target.

What is a Trust? A Trust is a legal structure that can manage all forms of assets for people.

With the pension reforms, accessing benefits flexibly has been one method that retirees are using to assist their children, although careful consideration should be given to ensure you have sufficient assets remaining for your own needs, especially if long term care could be an issue in the future. This method could also give rise to a tax liability depending on the amount withdrawn.

When the advisers surveyed were asked the minimum amount of assets required to make it viable to take on a client, only 16% said they would take on a client with less than £100,000, down from half of advisers in 2014. In reality, this means around one third of advisers have left the sub £100,000 client market in just five years.