Alison Guthrie diligently planned for her mother Daphne’s future care, establishing a power of attorney (PoA) with her brother, Greg, back in 2007. Despite their foresight, when Daphne, now 99, moved into a care home and could no longer handle her finances, Alison and Greg encountered an overwhelming amount of bureaucratic procedures. A power of…
During a recent financial summit, the chief financial planning director at Evelyn Partners noted that summer is increasingly a crucial period for advisors. Clients often take advantage of their time off to review their Isas and pensions, she explained. I’ve been known to keep financial experts busy during holidays. During our Easter break, I left…
Former Formula 1 team principal Eddie Jordan is suing HSBC, claiming the bank persuaded him to borrow £47 million to invest in a ‘low-risk’ fund, which resulted in a £5 million loss. Jordan’s investment firm, Pendragon Investment Holdings, alleges that HSBC’s private banking advisers pressured it into investing in the HSBC GIF Global Credit Floating…
Caroline Dabney-Rourke envisions her retirement filled with yearly international vacations and several UK getaways. However, at 59, the café owner’s minimal pension—expected to yield approximately £350 annually at age 67—falls short of supporting her desired lifestyle, even when combined with the state pension. She may need to sell her rental property to clear its £250,000…
National Savings & Investments (NS&I), a Treasury-owned bank, is facing increased dissatisfaction due to poor customer service and outdated technology. Managing the savings of 24 million people and holding £231.3 billion in savings, NS&I has seen a surge in complaints from disappointed customers. NS&I has missed its customer satisfaction targets for three of the past…
Q. I am in the process of selling my vacant buy-to-let flat. Is it possible to offset utilities and local rates against my capital gains tax? Antony, 70 When owning property, landlords incur different types of expenses, each subject to specific tax regulations depending on their nature. Unfortunately, utility costs and local rates do not…
You could gain an extra £1 million in your retirement fund by choosing the right company to work for, as revealed by a Money investigation. The Sunday Times reached out to every company on the FTSE 100, the index of the largest firms on the UK stock market, to compare pension schemes for UK-based employees….
A friend and I experienced a series of issues during our three-week trip to India in February, with multiple components booked through Booking.com. Through the travel site, we reserved a connecting flight from Delhi to Ranchi. However, when I attempted to check in online, Vistara, the airline, claimed I had cancelled the booking, which was…
Q. I have been a long-time British Gas boiler cover customer, but my premium is increasing from £234.12 to £346.18 this year, despite not making any claims. This feels like extortion, particularly as I was not given the option to increase my callout excess above £60 to lower my premium. The call center provided no…