Scott Hansell

In the world of finance and investment, the concept of portfolio diversification plays a pivotal role. It is a strategy that forms the bedrock of prudent financial management and is often touted as one of the most effective ways to manage risk and maximise returns. In this article, we'll delve into the significance of portfolio diversification, the advantages it offers, and how a well-managed portfolio ensures a diversified set of investments.

For owner-managers of incorporated businesses, making employer pension contributions can be an extremely tax-efficient way of withdrawing cash from a business, says Scott Hansell of Lovewell Blake Financial Planning.

With rising investment returns and diminishing tax-free allowances, taking advantage of annual ISA allowances is more important than ever.

Interest rates in the UK are on an upwards trajectory with the latest 0.50% increase culminating in a current base rate of 1.75%.

Last week, the Bank of England raised interest rates by 0.50% to 1.75%, the biggest hike in 27 years, as it tries to battle rising inflation.

Taxpayers in the UK face an increase in taxation from April 2022 to fund long awaited reforms in social care and additional support for the NHS.

The simple answer is that you can retire when you have adequate wealth to do so.

Stock markets have been volatile to say the least over the last few months, and in our opinion, will remain so until the Coronavirus pandemic is brought under control and the economic fallout assessed.