News / 2021 Archive

26 Nov 2021

Grangewood - Standing Up for our clients

When we see providers not treating our clients fairly we always step in. In a recent case, our clients were not given the service they should have from a major services provider. We made a complaint, which has been upheld, and the provider has now given our client compensation - Our client is pleased and said "has Christmas come early?"

We always have, and always will look out for our clients best interests.

26 Nov 2021

Tik Tok bans Financial Promotions

There have been increasing concerns that the younger generation are taking on too much investment risk when they can least afford to do so or being led into scams. This is often led by social media harping on about those good old ‘get rich quick schemes’.

12 Oct 2021

Doing good with your money in your corporate pension

One of the worlds biggest challenges (if not the biggest) is tackling climate change.

The Paris Agreement is a legally binding international treaty on climate change, with the goal to limit temperature increases to no more than 2% compared to pre-industrial figures. And to be carbon neutral by 2050.

Currently, Corporate Pension schemes are some of the biggest asset holders in the UK, at the end of 2019, this was estimated as £2.2 trillion, and many of the investments bought by these schemes release carbon.

31 Aug 2021

Concerns that young investors are taking on too much risk

The Financial Conduct Authority (FCA) has raised serious concerns that younger investors are taking on much more investment risk than they understand,

Fuelled by social media, YouTube, and investment apps, younger investors have said they feel very confident in their investment decisions, and yet the sources of information they are relying on are not necessarily accurate.

27 Aug 2021

£830 Million in tax relief wasted

When a higher or additional rate taxpayer makes personal contributions to a pension, they are entitled to 40% or 45% tax relief, but as only 20% is given automatically when the pension contribution is made in a tax relief at source pension, the excess must be claimed.

According to research a staggering sum of £830 million has not been claimed by individuals entitled to tax relief on their personal pension contributions, and instead this money stayed within the treasury’s coffers.

04 Aug 2021

The UK's first Government Green Bond to be issued

Rishi Sunak announced that in 2021 the UK Government will be issuing a ‘Green Bond’.

Government bonds are a means for the Government to raise cash, they pay you back the money you have invested in the bond plus interest after a fixed period of time.

27 Jul 2021

Dormant Assets Scheme Extended

The Dormant Assets Scheme aims to reunite people with their financial assets, but where that is not possible, the money held in these dormant bank and building society accounts can be redistributed to benefit communities across the UK.

14 Apr 2021

Divorced Retired Women May Be Losing £££'S

If a woman is aged over 60, and reached state pension age before April 6, 2016, on divorce she would have been entitled to use her ex-husband’s National Insurance history when evaluating her state pension benefits. But some women are losing valuable state pension that they are not even aware of.

24 Mar 2021

Continuing Healthcare Review

Continuing Healthcare refers to the element of care that is funded if NHS care is needed.

The Parliamentary and Health Service Ombudsman (PHSO) aim to improve the system and have recently identified various failings which are putting anxiety and financial strain on individuals unnecessarily.

08 Feb 2021

Stamp Duty Savings

In September 2020, Rightmove estimated that there was a 40% increase in house sales versus the same time the year before.

These statistics are not too surprising. Despite the ability to view homes being restricted on occasion by lockdowns, and when allowed being subject to the social distancing rules and the now familiar masks and hand sanitations, the temporary relief on stamp duty has stimulated the market.