The Telegraph’s ‘perfect’ financial plans won’t work. Here’s why.

Earlier this year, the Telegraph published a short series of two articles entitled, ‘In your 40s with ‘peaking’ earnings? Here’s your perfect financial plan’ and, ‘In your late 50s or early 60s? Here’s your perfect financial plan’.

Like a lot of ‘financial planning’ published in the mainstream press, there are some good pointers, tips and highlighting of common issues. ‘Recalibrating your budget so that you can save,’ for example, is a strong recommendation for most people at most stages of life. As a nation, we still typically don’t save enough, especially if we do not have a financial plan in place, so spending a little less and putting a little more away can help individuals to move towards a better retirement. Read more …

Summer Saving lessons for the kids

With the Summer holidays approaching, it’s time once again for the parents among us to put our thinking caps on and attempt to come up with six weeks’ worth of fun and activity!

We’ve long talked about how schools should include a level of personal finance education within their curriculums but, until that happens formally, it’s down to Mum and Dad to provide some guidance around money matters for the younger generation. Read more …

Help To Buy vs Lifetime: Which ISA is best?

Set to be introduced in April 2017, the Lifetime ISA essentially offers an alternative to the Help To Buy ISA. With two competing options on the table, it’s important to know which is best for you and your needs, as whilst they have some similarities, there are also key differences between the two. Read more …

What’s on in Bristol this summer?

As fellow Bristol residents will probably already know, we’re lucky to live in and around an active city, full of events, things to do and places to see. Summer 2016 promises to be no exception, with Bristol offering some fantastic ways to get out and about and enjoy all that the city has to offer. A quick search on the Visit Bristol website reveals 456 events scheduled before the end of August, so what are some of the highlights we should all be taking note of over the coming months?  Read more …

May Market Comment

As the days have been lengthening, so markets have developed a rather different feel to that which had been established as spring blossomed, following a difficult start to the year. Shares in the UK touched an eight week low recently, with investors spooked by worsening economic data in the US (jobs growth there was way below expectations), growing evidence of the slowdown in China and seemingly rising expectations of Britain voting to leave the European Union.

Market comment 12th May

What keeps us happy and healthy?

Looking back, if you were going to give some advice to your former self, where would you recommend investing the most time and energy to lead a happy and fulfilling life?     

In a recent survey of millennials (i.e. those born between 1982 – 2000) over 80 per cent said that a major life goal for them was to get rich. And another 50 per cent of the same group said becoming famous was a major goal – a sad reflection of  the celebrity culture we live in, it would seem. Read more …

Money can’t buy… kindness (but perhaps living in Bristol can!)

If those little everyday acts of kindness are what makes your day then good news! You live in the right place!

New research by the Co-Op, reported on by Metro, has found that Bristol is the kindest city in the UK, closely followed by Belfast, Aberdeen and Southampton, with Liverpool, Glasgow and London making up the bottom three.

Read more …

Every little helps; Severn Bridge tolls halved and more news for the region from the 2016 Budget

Whilst it may not have made national headlines, there was good news for the local region from the March 2016 Budget.

Though it won’t quite pay for our retirements or suddenly mean we can all splash out on overseas holidays, a 50% reduction in a tax is always welcome! In this case, the ‘tax’ is the toll charge on the Severn crossings, which is currently used to pay for the cost of constructing the crossings. In 2018, the cost will have been repaid and the bridges will revert to public ownership.

Read more …

Use it or lose it time for your ISA

As the end of the financial year draws ever closer, it’s important not to forget about any ISAs (Individual Savings Accounts) you have and any remaining payments that you’re allowed to make. The maximum allowance for ISAs for the 2015/16 financial year is £15,240, so it’s important that you invest any funds that you have left to pay into your ISA as close to that amount as possible, as soon as you can. Read more …

Retirement ‘class of 2016’ owe less than last year’s

The amount of money owed by those planning to retire over the course of the next 12 months has fallen for the fourth year in row, according to the latest research by Prudential. This year’s retirees who still have debts owe an average of £18,800, a fall of £3,000 or 14% from last year and a drop of nearly £20,000 since 2012 when the average amount owed was £38,200. However, despite the continued fall in average debts, Prudential’s unique research into the financial plans and aspirations of people planning to retire in the year ahead – the Class of 2016 – shows that the proportion of retirees in debt remains stubbornly high. Read more …

Brunel Capital Partners is a sister company of Pilgrim Financial Planning