Archive for October, 2015

Hunting Carney Clues In Interest Rate Guessing Game

Posted on: October 28th, 2015 by nwp_admin No Comments

Whether you are a saver or borrower you will be well aware that interest rates have been at historic lows – and for much longer than anyone predicted.  So which way will they go next?

As Governor of the Bank of England, Mark Carney has the unenviable job of setting UK interest rates alongside the Monetary Policy Committee.

Inevitably every public statement by Mr Carney is pored over by financial analysts to see if he is giving any clues to future rate moves.

Take a recent article in the Telegraph headlined: “UK interest rate rise not a guarantee, says Carney”.

It said:  “Mr Carney urged UK households to prepare for tighter monetary policy now. ‘If we think there is a prospect, a possibility – that’s a possibility not a certainty – of rate rises, then that is far, far better to let the British people know so they can prepare.’ he said. “

Any the wiser? As clear as mud? You wouldn’t be alone…

Perhaps the only fair conclusion is to take good advice and make sure you adopt an appropriate and balanced approach to your financial future.


Top-ups Scheme Offers Pension Income Boost

Posted on: October 13th, 2015 by nwp_admin No Comments

Retirees are being offered a chance to buy inflation-proof, Government backed income as part of a pension top-ups scheme which launched this week.

Men aged 65 or older and women aged 63 or older are being offered a chance to increase their State Pension by up to £25 a week, giving them guaranteed extra income for life.

The scheme – which is open to anyone reaching State Pension age before 6 April 2016 – could be worth up to £1,300 a year in additional income.

In most cases, surviving spouses and civil partners will be able to inherit at least 50% of the extra pension.

“We often speak to clients who are looking to generate extra income from their pension pots and this scheme looks like it could appeal to many,” said Nexus Director Angus Henderson

“I’d always advise retirees to take independent advice first, of course, but with an attractive yield, this scheme looks like it could be an offer worth considering.”


More Details

Top up calculator