The first quarter of 2020 witnessed one of the worst falls in global stocks in many years. At the end of March the FTSE 100 posted its worst day since the events of Black Monday in 1987, and Wall Street in the U.S. recorded its fastest fall since the 1929 crash. The pandemic and resulting lockdown had taken its toll on the markets, with investors and pensions badly affected.
Many young people in the UK are facing significant financial pressures as house prices have risen over recent decades, far outpacing wage growth. As such, it is understandable that many hope that a future inheritance lump sum will help them gather the necessary funds for a house deposit. Yet research shows that, in 2020, those most likely to receive an inheritance are aged 55-64 with the median sum…
2020 has certainly been a year like no other, and the upcoming summer appears to be much the same. Although 500 travel companies claim that they have assurance from the UK government that air corridors will reopen by the end of June to allow some international holidays, it remains unclear whether British people will seize the opportunity. Many are likely to remain nervous that another surge…
The UK may be slowly edging its way out of the COVID-19 lockdown, yet financial scammers are still capitalising on the climate of fear and uncertainty to trick people out of their life savings. In the first quarter of 2020, at least 500 coronavirus-related scams and 2,000 phishing attempts were recorded by the National Fraud Intelligence Bureau (NFIB). Many of these were scammers posing as fundraisers…
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