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Start Saving As Early As Possible For A Better Future

When you start saving for the future can often come well down the list of financial priorities, behind paying off debts, paying a mortgage and financing a child’s education. However, the longer you put it off, the more you’ll miss out on the power of compounding returns. Einstein reportedly stated: “Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t… pays it.” Most people appreciate the importance of paying off debts to avoid the interest rolling up. But the power of the compounding concept is often overlooked by those who need to create wealth for the future. The secret of investing success Read more…

Breaking The Taboo – Talking About Death

Millions of over-55s are potentially forgoing expert help because it involves discussing their own mortality. Talking about death is rarely easy. Nevertheless, the importance of preparing for the end of life cannot be overestimated, and having a financial plan in place ensures that your family isn’t subjected to additional stress and upset at a difficult time. But while it makes obvious sense to tackle these issues sooner rather than later, new research shows that half of people over 55 have not had a conversation with their loved ones about end-of-life finances. This could make locating bank accounts, insurance, investments and personal possessions much more difficult for surviving partners, family members or Read more…

How To Export After Brexit

With just months to go until the UK leaves the European Union, how can exporters plan ahead? The odds of no Brexit deal being reached before the UK’s scheduled exit at the end of March is now below evens, according to several leading betting agencies. For UK exporters, such an outcome significantly raises the significance of Brexit, not least because trade between the UK and EU is so significant. For example, 55% of goods imported to the UK in the 12 months to 31 May were from the EU, while 49% of goods exported from the UK went to the EU.1 Of course, the UK government is hoping for the best of Read more…