Whilst UK Banks continue to profiteer from their Business and Corporate clients by offering a minuscule rate of interest for deposits and excessive rates for borrowing isn’t it time you sought independent advice from us on your cash deposit options. 

It is a common mistake to think that a business can only have its banking facilities with one Bank.  Your business can have as many accounts with as many different banks as you like.  You need to decide what the cash in your business is to be used for before deciding on which type, or combination of types,  is going to work best for your business.

Santander are currently offering up to 2% grossbut this is subject to many terms and conditions that could make it not so attractive.

This is where our expertise comes into play and why you should be talking to us now so that you can make sure your business cash deposits are working for you.

With the level of interest you earn falling on cash savings accounts with bank and building societies by about 75% you might be facing the prospect of not enough income to meet you expenditure.  Of course, you could cut back on what you spend or even start using some of the capital but how long are you prepared to do this for?

In the world of investments, the more you want and the quicker you want it the more riskier the scheme tends to be.  We are not talking about 100% return/100% loss on the spin of a roulette wheel though.

By careful analysis of your income requirements and the level of risk you would be comfortable with (non, minimal, minimal to low, low, low to medium, medium etc.)  We can carefully advise you on both the most suitable style of investments scheme (ISA, Bond, OEIC, Unit Trust) and the most suitable underlying asset classes (Gilts, Fixed Interest, Corporate Bond, Equities etc.)

We have many years of experience in the area of investing for income and a number of satisfied clients.  If you would like to discuss you requirements with us then please contact us for a free initial consultation.

Make the most of your ISA allowance

Whatever your savings needs, you’ll want to make sure you choose the most tax efficient option.  After all, you need your money to work hard for you.  Your valuable annual ISA allowance may have an important part to play in helping you achieve these objectives.

The important thing to remember is that you can’t carry forward your allowance so, if you don’t use it you’ll lose it. 

If your not sure what an ISA or you need a refresher on the guidlelines for investing then your should read the FSA Money Made Clear Saving and Investing  publication.  You can download a copy here.

If you would like to arrange a convenient time to talk through your options with me before the end of this tax year, please give me a call on 02476 251100.

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In our last post I showed you the figures on how much money we can save an aged 40’s couple with a reasonable household income and some existing financial planning.  to prove fee based financial advice works accross the board I want you to consider a different posistion.

This time it is a single person aged 50 who is looking to retire in 15 years.  they have £100k in a commission based pension fund which will return a fund value in 15 years time of £242k assuming a constant return of 7% per annum.

They also have a commission based investment bond worth £100k which is set to return a fund of £212k in 15 years time assuming a constant return of 6% per annum.

Now lets switch them on to our Gold Service at a cost of £85 per month and the figures begin to follow a similar trend as our last post.  The commission free pension fund estimate rises to £262k and the commission free investment bond estimate increase to £233k.

over 15 years the client has funds which are now £41k higher but has paid advice fees of £15,300 leaving them a massive profit of £25,700.  And that’s just based on cost and doesn’t take into account the potential further benefit they would receive from ourselves as their financial advisers.

Do your financial circumstances look like this?  If so, perhaps you should be speaking to us about arranging a financial review for you. голова болит секс голова болит секс

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Never catch a falling knife.

Well, its a pretty self explanatory piece of advice and often used in investment circles.  However, The Government has begun nationalising HBOS and the Royal Bank of Scotland, pumping £37 billion of taxpayers’ money into the struggling firms.

RBS has said that it will receive £20 billion of capital from the Government – meaning taxpayers will hold a 60 per cent stake in the company. Its chief executive, Sir Fred Goodwin, is to resign.

A further £17 billion is to be pumped into the merged HBOS-Lloyds TSB, meaning 40 per cent of the new “superbank” will be held by the Government on behalf of the public.

Lloyds TSB has also confirmed that while its takeover of HBOS is to go ahead, it will be at a far lower price than had previously been expected, meaning bad news for shareholders of HBOS.

The revised terms will see HBOS shareholders receive 0.6 Lloyds TSB shares for every HBOS share – down from an original level of 0.8.

Meanwhile, Barclays has insisted that it will raise £6.5 billion itself and does not need the Government’s help. As well as a cash call to the market, the bank will not pay a £2 billion dividend to its shareholders.

If its plan succeeds, Barclays will become the only major British-owned High Street bank to be fully independent. The only big bank that does not need cash is the foreign-owned HSBC.

The Government has also announced that it will create an entirely new body to oversee its shareholdings in the banks at “arm’s length” and reduce them over time.

“[The Government's] intention, over time, is to dispose of all the investments it is making as part of this scheme in an orderly way,” the Treasury said in a statement.

The move to take such significant holdings in banks, which was ordered by Gordon Brown after he found they were in a more vulnerable state than had been thought, fundamentally changes the nature of British banking.

Banks will effectively be state-run, with Government-appointed board members put in place to ensure it once again begins lending to businesses and individual customers.

Together with Northern Rock and Bradford & Bingley, the move will mean the Government effectively has four of the country’s biggest lenders under its control.

With all the turmoil surronding banks and their savers at the moment, finding a safe place for your cash deposits is becoming more of an art.  No, we are not recomending the “under the matress fund” for your money.  We haven’t suggested that since the Millenium Bug scare.

Currently up to £35,000 of you savings is protected by the Financial Services Compensation Scheme.  This is a bona fide scheme and we pay into it each year.  It is also the scheme which is helping bail out Bradford and Bingley so I guess our contribution next year may be a little higher. 

We have now received confirmation that all Post Office accounts are secure up to 100,000 Euros.  This is because the Post Office falls under the Irish Deposit Protection Scheme.

If you wish to know more about investing your cash in The Post Office, or any other institution offering a higher level of protection then please contact us now.

Swisscanto aims to capitalise on the sustainable development of emerging market companies through the planned launch of a new fund.
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