Hills Financial Planning

14th July 2017 - Don’t rely on the State when you are ill.

Many of us will be ill at some time in our working lives.  Usually this may be no more than a few days at a time, but for some, illness can be more serious and prolonged.  Employees, under UK employment law, are entitled to statutory sick pay if they are ill for more than 3 days in a row.

The rate of sick pay that a...

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By David Hill - Chartered Financial Planner, 14th July 2017


29th June 2017 - Peer to Peer lending boosts returns

Peer to Peer lending boosts returns

With interest rates still languishing at historic lows, savers are looking for alternatives to traditional bank accounts to increase the returns on their savings.  One of these alternatives is investing in a portfolio of carefully selected short term loans.  This ...

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By David Hill - Chartered Financial Planner, 29th June 2017


22nd June 2017 - To transfer or not to transfer?

If you are lucky enough to have a private sector final salary pension scheme then you may have noticed recently that many of your colleagues are transferring their benefits to a personal pension plan.  This is a hugely complex area and fraught with difficulties, but for some people, transferring out of their company pension scheme...

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By David Hill - Chartered Financial Planner, 22nd June 2017


17th February 2017 - Ban on exit penalties will boost pensions

Next month sees the introduction of the long awaited ban on unfair exit penalties applied to pension funds. The Financial conduct Authority (FCA) believe that around 147,000 people have penalt...

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By David Hill - Chartered Financial Planner, 17th February 2017


28th October 2016 - Government U-turn on annuities

With only a few months to go until the market for cashing in annuities was due to start, the government has had a sudden change of heart. Plans to allow policyholders to sell their annuities for a lump sum have been abandoned. The main concern with the proposal was that consumers would not be properly protected and many would suffer po...

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By David Hill - Chartered Financial Planner, 28th October 2016


27th October 2016 - Care costs cause family problems

It has been reported that the average annual care home fee is now in excess of £30,000 - way beyond what the average pensioner can realistically expect to receive (which is actually about £14,456). While this is the average, we met a client this week who was paying in excess of £60,000 to fund her mother's care. T...

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By David Hill - Chartered Financial Planner, 27th October 2016


27th October 2016 - Secrets of investment success

Whether you have £5,000 or £500,000 to invest, there are a few simple investment rules to follow to improve your chances of a good return. Firstly, it is important to keep it simple. I was reading last week about someone who invested their life savings in an unregulated, complex, high risk scheme, which eventually collapsed...

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By David Hill - Chartered Financial Planner, 27th October 2016


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