People who get financial advice are £40k better off
A recent study has revealed that people who seek the advice from an independent financial adviser (IFA) are on average £40,000 better off than those who don’t do this. The research has come from leading think-tank the International Longevity Centre, who have stated that both the ‘affluent’ group – wealthier people more likely to own their own homes and have degree-level education – and the ‘just getting by’ group – less wealthy people likely to be living in rented accommodation and have lower levels of education – benefit similarly from the financial advice they seek.
What is the skills shortage costing British business?
New research by the Open University has found that the cost of Britain’s skills shortages amounts to more than £2 billion annually due to higher salaries, temporary staffing bills and recruitment costs. The survey of 400 firms found that nine in ten respondents reported struggling to recruit workers with the correct skills within the last year. This is likely to exacerbate concerns over employers experiencing difficulties in filling key jobs, a situation many predict will be worsened after Brexit and a subsequent immigration clampdown.
Court departs from the ‘sharing principle’ in a divorce settlement
In a ruling in the June of 2017, the courts followed an increasing trend for financial settlements of divorcing couples to reflect more accurately the contributions that each partner made to the marriage.
Why children come first in a divorce
During a break up, being fair and civilised to each other is often the best you can hope for, but when there are children involved emotions need to be set aside.
5 steps to a simple house move
Practical Advice - Taking Children Abroad After Separation
Planning ahead is important for most family holidays, but if you are looking to take your children abroad and you have separated or divorced, then the sooner you prepare this, the better.
The impact of Brexit on the UK’s Employment Law
As the Nation waits with baited breath to discover what the Government’s strategy for leaving the EU will be, when it will happen and whether it will be a ‘hard’ or ‘soft’ Brexit, many employers are, unsurprisingly, concerned about what the future of employment law will look like. How quickly will it change, what will their obligations be, and what steps will they need to take to ensure compliance?
Is uncertainty becoming the new norm? (archived)
No matter how often we might have heard soundbites such as ‘strong and stable’ and ‘Brexit means Brexit’ which are intended to reassure us, it seems that every major political event of the past twelve months has delivered an unexpected result and an uncertain future. June’s general election was no different: Theresa May began streets ahead in the polls, and ended up scoring a political own goal in reducing the parliamentary majority she intended to increase, resulting in a hung parliament. You might expect the business world’s reaction to reflect the apparent turmoil in Westminster, but it’s relatively muted response perhaps suggests that those in business now see uncertainty as something to simply accept as part of daily life.
Why retirement is worrying millennials and what steps they are taking
The steps cohabiting couples should take when drawing up a will
There’s no denying the huge steps forward seen in creating equality for same-sex couples in the UK during the 21st Century, first with the Civil Partnership Act 2004 and then the Marriage (Same Sex Couples) Act 2013. However, as heterosexual couples have marriage as the only option open to them to make their relationship formal, there have been suggestions of a new inequality having now been created. A legal challenge by mixed-sex couple Rebecca Steinfield and Charles Keidan to be able to enter into a civil partnership instead of a marriage was unsuccessful earlier this year, meaning it’s unlikely the situation will change for heterosexual couples in the near future.
Proposed increase on probate fees scrapped
Following the announcement of the snap general election to take place on 8th June, the government has decided to scrap its plans to increase the legal fees due after a person has died. Having proposed a rise in probate fees in England and Wales to come into effect in May, which would have seen an increase from the current flat figures of £155 or £215 to as much as £20,000 for the most valuable estates, the Ministry of Justice announced in the second half of April that there was too little time for the legislation to go through parliament before the election.
Bill to the Bank of Mum and Dad could reach £6.5bn
How will your spending habits change in retirement?
It will come as a surprise to nobody that retirement is one of the biggest lifestyle changes you’ll ever experience. But as your priorities shift and the free time available to you increases, what you might not be as aware of is the way in which your spending habits are likely to alter too.
Is buy-to-let no longer such a good deal?
It wasn’t all that long ago that investment in buy-to-let property was seen as a straightforward way to generate an income for yourself. However, recent changes made by the government mean that turning a profit through buy-to-let in today’s property market is set to become much more difficult. Each case is individual, and the profitability of a property isn’t as simple as looking at the price of the property and the amount of rent it generates each month, but for many, buy-to-let will soon no longer be the attractive investment opportunity it once was. So what has changed?
Employees negligence can amount to gross misconduct
The Court of Appeal recently ruled that a senior manager’s negligence in failing to ensure that a colleague followed company policy could amount to gross misconduct justifying the manager’s summary dismissal.
Disputes Over Land: Love Thy Neighbour
Disputes over ownership of strips of land between two properties are all too common, and usually arise from a mis-drawn boundary map. However, a recent case in the Appeal Court resulted in the apparently farcical decision that two neighbours each possessed a valid registered title to the same strip of land 4 metres long by 2 metres wide. But, Rob Stubbs, Head of Dispute Resolution says “Although this sounds crazy, the decision actually enabled the position to be tidied up rather neatly.”
4 Things to do Before The End of The Tax Year
Gender Pay Gap Reporting- Is Your Business Ready?
In April 2017 employers with over 250 staff became obliged to report on gender pay gaps. Here are some tips that your business may wish to consider.
Wills and Planning for the Inevitable
Research just published underlines how ill-prepared most people are in terms of their end of life planning.
Who Owns Their Web Name?
You might think that you would have the right to stop your name being used in a web address without your consent. But you’d be wrong.
Ignorance as a Defence in Law
There are in fact circumstances where ignorance is a perfectly valid defence.
Are you risking being classed as a contractor?
Despite news headlines, many are still struggling to save for the future
The ‘cost of dying’ is now racing ahead of the rate of inflation
Recent research has revealed that the cost of dying is now the fastest rising fixed cost in the UK, ahead of costs of living including rent, utilities and food.
Director not liable to employee
What happens when the company being sued by an employee for damages for injuries sustained at work goes into liquidation?