Investment Quorum

By IQWealth | Wealth management issues and commentary from multi-award winning UK boutique wealth manager Investment Quorum. www.investmentquorum.com

Autumn budget 2017: a sneak peak inside the chancellor’s red box …

A cut in stamp duty for first-time buyers? Lower student loan interest rates? Out with the winter fuel allowance? We look at next week’s likely announcements<p>Don’t expect much in the way of fireworks when the chancellor reveals his second budget on Wednesday lunchtime. Philip Hammond’s hands are …

Money

Older people face paying £34,000 a year to go into a care home

With the average price of residential care increasing at its fastest rate ever in 2016, we face a ‘prolonged crisis’ in provision<p>The cost of being in a UK care home rose at its fastest rate last year and is now an average of £33,904 a year – up almost 10% on the 2016 figure.<p>Ahead of next week’s …

Health Care

Six million receive unsolicited increase on credit card limit

Citizens Advice raises concerns that lenders ‘actively pushing’ debt on to those who cannot afford it<p>Six million credit card customers had their borrowing limits increased in the last year without being asked by their card provider, according to research by Citizens Advice, which is calling for the …

Philip Hammond

Bitcoin's anonymity is both a blessing and a curse - Spear's Magazine

<i>The value of the cryptocurrency Bitcoin keeps rising - but at what cost to the holders in the post Paradise Papers era where anonymous transactions</i> …

Bitcoin

Why We Are Benchmarked

Global markets the past, present and future

The Lowdown on Markets to 10th November 2017<p><b>World Markets at a Glance</b><p><b>In this week’s issue</b><p>Global investors have experienced both a painful and …

Finance

Self-employed face new onslaught in the Budget

Chancellor Philip Hammond is this week expected to risk a new political storm by announcing plans to raise billions of pounds from Britain’s army of …

Personal Finance (UK)

Lord Heseltine warns against a 'magic money tree' in Budget

The voice is a bit more growly with age, but the collar-grazing silver mane still makes a swoosh.<p>And at 84, on the eve of the Budget, Michael …

Brexit

This is exactly what happens when you invest your money in a tracker fund

The rising popularity of “passive” investing has seen savers put hundreds of billions of pounds into cheap tracker funds. These funds allow you to invest in the FTSE 100, for example, for less than 0.1pc a year.<p>There is a general assumption that, relative to stock picking, tracking an index is a …

Finance

Philip Hammond signals UK will make improved offer on Brexit divorce bill before crunch EU summit in December

Philip Hammond has signalled the UK will make an improved offer to the European Union on the Brexit divorce bill before a crunch summit in December.<p>The Chancellor conceded time is running out to break the deadlock over the UK’s withdrawal from the bloc as he reiterated Theresa May’s repeated …

Brexit

Trump brings tough trade message in vision for Asia

DANANG, Vietnam (Reuters) - U.S. President Donald Trump set out a strong message on trade at a meeting of Asia-Pacific countries in Vietnam on Friday, saying the United States could no longer tolerate chronic trade abuses and would insist on fair and equal policies.<p>Trump said the United States was …

South China Sea

FTSE 100 tumbles to its lowest in a month as the pound rises sharply

The FTSE 100 ended the week close to its lowest point in a month as a sharp rise in the pound pushed it lower.<p>The index finished the day 0.7 per cent …

Markets

Barclays posts out pin numbers alongside new debit cards

The bank’s actions are leaving account holders vulnerable, with many fearing their cards and pins could easily fall into the wrong hands<p>Barclays has admitted it has a “known” technical problem that is resulting in thousands of letters containing pin numbers being sent out in the post alongside new …

Banking

Gas and electricity fuel price rises at triple rate of inflation

Latest data shows utility bills soar by 139%, as incomes rise 78%<p>Gas and electricity companies have been the biggest culprits for raising prices over the past 20 years, according to an analysis published just a day after utility giants SSE and npower revealed plans for a mega-merger – prompting …

Economy

Treasury hands £1.5bn cheque to world's richest oil firm

British taxpayers will back a £1.5bn loan to Saudi oil titan Aramco as the Govenrment tries to woo the firm to float in London. The City is fighting …

Personal Finance (UK)

Monzo's Tom Blomfield on how the bank will profit from Open Banking

Monzo has come a long way since launching in 2015 as an audacious tech-centric challenger bank seeking to disrupt the status quo moulded by larger, …

Banking

MPs launch inquiry into household finances as £200bn debt pile looms

Treasury select committee, chaired by Nicky Morgan, will look at borrowing and whether consumers are saving adequately<p>MPs have launched a formal inquiry into household finances, as personal debt hits levels unseen since the financial crisis.<p>The Treasury select committee will examine the debt levels …

Brexit

A retired dentist who gave £1million to Alzheimer's Society has been honoured at the ‘Oscars of the private banking world.’

Malcolm Joyce, of Tynemouth, made the donation to Alzheimer’s Society last year – thought to be the largest sum given by an individual in the …

Dementia

Understanding Risk

Paragon Bank boosts best buy easy access savings rates to 1.31%

Paragon Bank has launched a new easy access savings deal that shoots straight to the top of This is Money’s independent best buy savings tables with …

Personal Finance (UK)

The 10 best and worst performing sectors and funds over 12 months

It has been a bumper year for investment returns with the S&P 500, FTSE 100 and other established stock markets trading at record highs or thereabout.<p>…

Investing

EU cuts UK growth forecast for this year and next due to Brexit uncertainty

The European Commission has slashed its forecast for UK GDP growth, citing Brexit-related uncertainty.<p>In its autumn 2017 round of forecasts, the …

Economy

£100,000 pension pot? How to avoid being penniless at 80

If you’d taken 7% a year from the year 2000 the cash would have run out by 2014. So what can you do?<p>How long will your pension savings last in retirement? Analysis by investment advisers Hargreaves Lansdown suggests that drawing down much more than 5% a year could leave you penniless in your …

Retirement

HMRC forced to refund homebuyers more than £160m in over-paid stamp duty in last year

<b>04 November 2017</b><p>New HMRC figures show that stamp duty rules designed to clamp down on buy-to-let landlords have landed ordinary homebuyers with …

Real Estate

How will the interest rate rise affect pensions?

People with money stashed in savings will welcome today's interest rate hike to 0.5 per cent, but the move could have different implications for …

Finance

I retired last year and now need to remortgage

I’m due to remortgage and my lender is being difficult about my income – it won’t accept all of the income I earn from my investments and says only …

Mortgages

Questions on Investing for Children

If you do have any questions or would like to talk to one of our wealth managers then please do not hesitate to get in touch.

Is capital gains tax liable on an inherited property?

For 15 years I’ve never really lived in the property, and now I plan on selling it<p><b>Q</b> I retired 10 years ago and split my time between my holiday home in the Algarve for six months of the year and travelling in my motor home. I do not have a main residence in the UK, but I did inherit a flat which I …

Capital Gains Tax

Nationwide to pass on interest rate rise to mortgage customers

People on the building society’s variable rates would see a 0.25% increase in their monthly bill, if the Bank raises the base rate to 0.5%<p>Nationwide has paved the way for an across-the-board increase in mortgage costs by announcing that a 0.25% interest rate rise would be passed on in full to its …

Mortgages