Article by Christina
If you are looking for a financial adviser near me then Christina Clegg might be able to help.
Here Christina shares the latest financial news.
- The new Targeted Advice scheme being introduced by the FCA in April may have run into legal difficulties. It seems the General Data Protection Regulations (GDPR) prevent pension providers contacting customers who haven’t opted in to direct marketing. So, they would not be able to receive messages about the new targeted support options. Unless they were actively searching for a financial adviser near me. The same applies to Banks and their investment arms which are separate companies. Looks like there needs to be a change in the law to accommodate the new scheme. You’d have thought they’d have anticipated this already!
- 10,800 millionaires left the UK last year. Who is going to pay all their tax this year?
- It’s only going to get worse. According to DeVere group over a third of high-net-worth individuals are actively considering relocating away from the UK. The most important consideration is stability according to the research. People don’t like unexpected tax rises!
- One way to replace some of the lost tax might be through HMRC late payment fines. Last year they collected over £300 million in fines for late submissions of self-assessment returns from over 600,000 people. The penalty is currently £100 plus 7.75% interest on the late payment.
- This year over 1 million people missed the filing deadline.
- If it’s you, make sure you’re not also losing out on your savings. Last year the average interest rate on cash savings was 1.9%, but inflation was 3.4%, so your money was worth leas over the course of the year.
- Worryingly the number of people making a contribution into their pension fell by 6% last year. A drop of nearly 700,000 people. Mainly the self-employed and under 30’s.
- In 2025 a record £57 Billion was paid into cash ISAs in the UK.
- The Transparency Task Force (TTF) has criticised the FCA over its plans to water down the controls in place for the designation of professional investors as opposed to people with investing experience. The TTF thinks that strict controls need to remain in place to protect investors no matter how much money they might have.
- The Bank of England base rate was held at 3.75%.
- Complaints to the Financial Ombudsman Service fell by 30% in the last quarter of 2025. Largely due to the introduction of new charges for Claims management Companies to register claims which has cut out thousands of bogus claims.
- Major investment company Fidelity has been hit by clone scammers who have created a fake website called internation fidelity .com If you are a Fidelity customer, please be careful when using their website.
- The Pensions Ombudsman has also warned about letters going out claiming to be from them in relation to investment compensation. Again, be on your guard.
- The National Residential Landlords Association has revealed that two thirds of its members intend to put their rents up as a result of the governments increase in income tax on landlords next year. How could the treasury not have expected this – it’s absolutely obvious!
- The value of Bitcoin fell by 14% on the 5th of February. It has now lost half of its value since October 2025. It certainly must be a roller-coaster if you have any money in crypto.
- Away from crypto, over £90 billion was invested in 2025. This money was all invested by people who started out looking for a financial adviser near me. Overall, there is over £740 billion invested through financial advisers. But £20 billion was withdrawn in the last quarter mainly due to fears about the impact of the budget.
- Unemployment rose to 5.2% in December. Is there any good news?
- Yes, there is! Inflation fell in January to 3.0% which was 0.4% lower than in December.
- .. Inheritance Tax is forecast to raise a record breaking £9 billion this year.
- The FCA has warned people to be wary of scammers who have cloned e mails and telephone numbers of the Chartered Trading Standards Institute. Please be on your guard if you receive anything claiming to be from them.
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If you are looking for a financial adviser near me – then why not contact Christina today. She offers a free initial meeting to discuss your requirements and explain how our service works. You are under no obligation to use us after that if you don’t want to and we won’t pester you.
So why not call us today on 01282 614444 or e mail us enquiries@ccfps.co.uk or use our contact form online.
