Travel agent? Financial Adviser? DIY?

May 4, 2022 | Comment

An independent (financial adviser’s) view

I had a lovely few nights in Barcelona, thank you. And, yes, I could have arranged flights/hotel/parking/transfers/insurance myself by spending a few hours on the World Wide Web, as no-one now calls it. But I didn’t.  I used Caroline, my excellent Travel Counsellor who put the whole lot together and made sure it all worked. You can DIY most of what financial advisers like us can do for you, just as you can rewire your own house or lay your own patio. Many do. But many, like me, don’t want or need the hassle or responsibility and realise it’s sometimes worth paying a little more for good, old-fashioned peace of mind. Thank goodness.

“Reeves backs down on plans to cut ISA limit”

“Reeves backs down on plans to cut ISA limit”

So it looks as though Cash ISAs are safe for the moment (FTM – is that a thing?) Rachel has apparently ‘bowed to pressure’ from the banks and building societies and decided not to reduce the allowance to £4,000 for cash and to keep the £20,000 parity with Stocks and Shares ISAs. Bowed also to common sense, I’d say.

“Two thirds of adults are worried about care costs in later life”

“Two thirds of adults are worried about care costs in later life”

A dichotomy/dilemma here. Two thirds of adults are probably right to be worried about the cost of care, which is huge and getting more so. Many of those currently worrying will have had first-hand experience with their own parents, which will have focused their minds on their own possible future.

“Why most won’t need to worry about IHT on pensions”

“Why most won’t need to worry about IHT on pensions”

Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.