David Bell, our Director and Financial Adviser, has been named as a VouchedFor ‘Top Rated Adviser’ for 2023. As decided by his clients. The list of top-rated adviser was recently distributed in The Times on Saturday 18th March 2023. What an accomplishment to be mentioned in such a prestigious newspaper! We are incredibly proud of David’s achievement, his commitment to …
Bank of England increases interest rates by 0.5% to 4%.
The Bank of England’s Monetary Policy Committee has voted 7-2 to increase Bank Rate by 0.5% to 4%. This is despite inflation slowing for a second consecutive month following the peak of 11.1% in October. Interest rates are now at their highest level since the 2008 financial crisis following 10 straight increases since December 2021. Two members voted to maintain …
CPI inflation rises to 30-year high of 6.2%
CPI inflation recorded an annual rise of 6.2% in February 2022 – the highest since March 1992’s growth of 7.1%. The latest figures from the ONS show that on a monthly basis, CPI rose by 0.8% in February, compared with a rise of 0.1% in February 2021. This was the largest monthly CPI increase between January and February since 2009. …
UK sees highest inflation in over a decade
UK inflation hit 5.1% in November, exceeding expectations of 4.8% and reaching its highest point since September 2011. On a monthly basis, inflation increased by 0.7% in November, compared with a fall of 0.1% in November 2020. Richard Carter, head of fixed interest research at Quilter Cheviot wrote that “unfortunately for consumers, peak inflation may still be a few months …
UK inflation rises to 4.2% in October
CPI inflation rose from 3.1% in September to 4.2% in October, the highest 12-month inflation print since November 2011, according to the latest figures from the ONS. CPI increased by 1.1% over the month, compared with no change in October 2020. CPIH inflation, which includes owner occupiers’ housing costs, rose by 3.8% in the 12 months to October, up from …
FCA proposes ‘significant reform’ of general insurance market
The FCA is proposing “significant reform” of the general insurance market to enhance competition, ensure consumers will receive fair value, and increase trust in the market. The FCA is proposing that when a customer renews their home or motor insurance policy, they pay no more than they would if they were new to their provider through the same sales channel. …
