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Wealth Management News

News in September 2017
20 Sep 2017 Four in five expect to need residential social care

Four in five people expect to need residential social care in their old age, and they have a good idea about how much that would cost, according to new research from Aegon. Most people also have realistic expectations in terms of how long older people typically spend in residential care...

13 Sep 2017 FCA plans to bring back retirement interest-only mortgages

The Financial Conduct Authority (FCA) is considering relaxing the rules around mortgage lending to bring back retirement interest-only mortgages. In a consultation paper, the regulator explained: “Work for our forthcoming Occasional Paper on the Ageing Population has identified a regu...

06 Sep 2017 Cash Isas losing their appeal, with investments down £20bn

People are saving less money in cash Individual Savings Accounts (Isas), as low interest rates and tax changes make them a less attractive option. Figures from HMRC show that the amount saved has dropped by a third in just one year. In the 2015-16 financial year, cash Isa holder...

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