MoneyController

MoneyController

MoneyController - Find the financial advisor that's right for you is a finance and digital business european platform designed for financial advice and asset management. It’s a complete and robust online directory for the finance world that allows investors to search for and network with financial advisors. With the help of our powerful search engine, you can view their services and offers. Interact with financial advisors directly, even from your mobile devices.

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What You Need to Know About Rishi Sunak's £1,000 One-off Universal Credit Payment

Posted on 05.02.2021

Finance minister Rishi Sunak is proposing a one-off grant that would replace the £20 a week - or £1,040 a year - boosts introduced in March to support millions of families facing poverty during the pandemic. In this article we’ll tell you everything you need to know about this new stimulus plan.  Who qualifies? This benefit will substitute the boosts introduced last April, so it would be available to all benefit claimants - particularly those facing some financial crisis, such as unemployment or the inability to cover essential expenses. Is it better than the £20 a week plan? It’s different. Universal Credit was raised by £1,040 for the 2020/21 financial year to help ease the impact of coronavirus. However, this was a "temporary" rise, which is due to end on April 12, so the payments will fall back down to pre-pandemic levels and households will lose £84 as a result. The £20-a-week permanent rise wou ...

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How Global Life Insurers are Seeking Balance

Posted on 05.02.2021

With Covid-19 showing no signs of slowing down this 2021, global life insurers are trying their best to circumvent the ongoing crisis as much as possible without sacrificing their reputations and profitability. Let’s see how this is playing out. Customer payouts Companies like Aviva and Prudential Financial are implementing mandatory waiting periods to apply for coverage to Covid-19 patients. Insurers have had to implement such policies due to the massive amount of people requesting life insurance coverage and payouts due to the pandemic and more and more people are expected apply every day. Some insurance companies fear a tidal wave of claims from widows and widowers of people who had Covid-19. And Some companies are using is the 30-day waiting period for recovered patients; others have postponed applications from people diagnosed with Covid-19, including those who have experienced symptoms or lived with anyone who fell sick. Many victim ...

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Why Clean Energy Technology Could be a Top Trend among ETFs in 2021

Posted on 05.02.2021

2021 is shaping up to be the year Clean Energy takes off.  With the prospects of Biden’s green infrastructure plan on the horizon, as well as a combination of supportive policy changes and technological advancements to fuel this field, analysts remain highly optimistic regarding Clean Energy’s future. Let’s take a closer look. Emerging technologies As Clean Energy technology continues to improve every day, costs also go down. Nowadays, solar panels cost 80% of their initial costs and are more efficient than ever. Clean energy sources now make up around one-third of globally installed power capacity, with the goal being to reduce fossil fuel use as much as possible. There is a lot of growth opportunities in this regard for the coming decade and the ETF industry is doing a superb job of giving clean technologies good visibility in today’s market. Governments are also putting forth initiatives that include the use of Clean Energies more a ...

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UK Public Debt Surges to £270bn

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  • Banks and banking products
Posted on 05.02.2021

Britain has borrowed another £34.1 billion last month, increasing public sector debt to £270.8 billion in the first nine months of Q1 2021, according to official figures. What’s contributing to this? Loss of tax revenue Since the beginning of the pandemic, tax revenues have plummeted as companies have been taking major profit losses amid mandatory closures. This has  government officials considering raising taxes for the upcoming budget. There’s been reports that corporation tax could be increased from 19% to 23% next March. It is unclear if an increase in taxes will be implemented following the new lockdowns and a new Covid-19 strand on the loose. Increased government spending  General Government spending has also increased dramatically. In December 2019 spending was around £26.1, compared with £86.2 billion in the same month of 2020. Government net borrowing has thus become 12.7% of the UK’s GD ...

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What New Post-Brexit Trading Rules Mean for UK Businesses

Posted on 05.02.2021

The Brexit transition period is over and with that, new regulations are in place regarding how you do business with Europe.  Here we outline the key points you need to know and how they could affect your business. Trading with the EU Customs declarations are mandatory when exporting goods to the rest of Europe. You can fill out declarations yourself, or you may use an intermediary. If you export, you must check that the EU business is ready to receive your goods. New border controls are set to be introduced in stages until July 2021. This should hopefully allow enough time for businesses to adjust. Rules of Origin procedures are temporarily simplified until the end of this year as well.  Trading with Northern Ireland Moving goods into Northern Ireland requires that you check their latest Protocol Guidance. The Trader Support Service will guide businesses through all the import/export modifications between North Ireland and Great Britain. New tariffs Countries ...

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What do Financial Advisors do?

Posted on 05.02.2021

Financial Advisors can help you a lot if you’re having money troubles or looking for guidance on where and how to invest your earnings and reach your savings goals. In this article we’ll lay out the added value of having a financial advisor. What does a Financial Advisor do? Financial advisors offer assistance that allows you to control and manage your finances more efficiently. They will evaluate your financial situation and identify areas for improvement. In some instances, they can completely manage all your finances. They provide a variety of services and take on different roles: Investment managers, financial planners or consultants, etc. Here you have the various types and typical services they offer.  Robo-advisors Robo-advisors are digital investment managers that deploy computer algorithms to set up and manage an investment portfolio for you. They are usually affordable and are very useful if you plan to save for retirement or you want to be ...

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How Will the New Biden Administration Impact UK and Global Markets?

Posted on 05.02.2021

Joe Biden is officially the new US President and market observers around the world are eagerly awaiting to see what implications his new policies will have. Let’s take a look at what’s on the table. Impact on UK markets Regarding the economy, we can expect a couple things so far. Last month, Biden stated that a new trade deal with the UK would be necessary, but his focus seems, for now, to be on repairing broken relations with the EU, particularly France and Germany. Simon French, Chief Economist at Panmure Gordon, has pointed out that, “The possibilities for greater UK-US trade are enormous – but to pretend that making this happen won’t create anger amongst farmers and healthcare professionals is naive. Most observers conclude that neither Biden nor Johnson will walk-the-walk needed for a ground-breaking trade deal.” Most of British policymakers expect that under Biden’s presidency, the US will maintain a similar positio ...

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Why You Shouldn’t Worry About Your Pension Fund Too Much – Even During a Recession

Posted on 05.02.2021

Pension funds are already beginning to recover their losses following March 2020, but many still hold concerns about what the future holds for their nest egg. Can you afford to save more, or should you start withdrawing now? Before you react, it’s important to keep some perspective. Keep in mind that pension funds are long-term investments and designed to ride economic waves. So, the longer your money is invested, the more time it has to recover. As an example, pension funds fully recovered their losses when equities rebounded during the last crisis. Since then, they’ve continued to make gains. This happens time and time again.  Rebalance your portfolio If you are still worried about your money, talk to your pension provider to discuss what options you have or seek out a financial adviser. It is important to know and understand where your money is and how it’s being invested, particularly in turbulent times. Consider your risk appetite ...

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Why the UK's Inflation Rate Has Surged

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Posted on 05.02.2021

As 2021 starts to unfold, people across the UK are beginning to see a general increase in prices. The cost of living has risen since last December following Brexit and the all the additional regulations and taxes. On top of this, increasing global demand for goods has exceeded supply, particularly over the last 2 years. This situation has been amplified by waves of pandemic lockdowns and travel restrictions. Last minute demand for Christmas gifts Despite having indications of discontinued discounting, the price of clothing has put pressure on inflation. What’s more, increased holiday demand for items such as computer games and children's toys has also nudged up inflation rates. And since August, annual recreation and culture inflation has reached its peak, according to some reports. Petrol prices inch higher Following Boris Johnson’s Christmas travel ban, fewer people were travelling for the holidays, but increased demand for goods put pressure o ...

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Is Cash No Longer King in the UK? Cash Usage is Expected To be Halved by the End of 2021

Posted on 05.02.2021

As technology advances, new payment options have become available worldwide and people are becoming more accustomed to using them. And with that, cash is becoming a thing of the past. The UK is no stranger to this dynamic and the present-day context might be pushing this transition to cashless payments faster than we thought. “Cash not accepted here” Since the pandemic touched down in March 2020, many people have been prevented from paying with cash. According to surveys, around 34% of people have reported being prohibited from paying with cash This phenomenon has been spreading rapidly within UK, particularly in grocery stores, consumer goods shops, restaurants and pubs. Technology doesn’t stop Although research out of the Bank of England indicates that the risk of contracting Coronavirus via cash and coin is low, many UK businesses are demanding customers pay via app. With the emergence of services like PayPal, Venmo, Zelle, Cashapp, ApplePay ...

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What Help is Available for First-time Home Buyers in the UK?

Posted on 04.02.2021

Buying your first home can seem daunting, especially now. But first-time homebuyers will be pleased to learn they still have several money-saving options available following the UK’s recently extended Help to Buy scheme.  Help to Buy ISA This is a tax-free savings account and it’s quite convenient. The government will add another £50, up to £3,000, to your account for every £200 you save. This cash will then be given to the solicitor when you move into your new home. Unfortunately, now this option is not available to new savers, but those who already have accounts can continue the savings-match scheme until November 2029.  Help to Buy equity loan If you put down a 5% deposit, the Government will give you a loan for 20% of the home’s value, 40% if you are buying in London. This loan works in tandem with a typical mortgage and should be used exclusively to purchase a new building property.  Lifetime ISA If you a ...

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What to Do If You Have Problems Claiming Universal Credit

Posted on 04.02.2021

Millions of people receiving Universal Credit could see payments diminished by £1,040 a year beginning in April. The good news is that there is a temporary benefit boost worth £20 a week aims to help vulnerable households through the pandemic. If you have problems claiming your payments, it’s important to know what additional options are available. 1. Apply for an advance You may be able to get some cash during the first five days of the month, but keep in mind that it’s just a temporary loan that will be deducted from future Universal Credit payments.  2. Alternative Payment Arrangements for rent  You can apply for an APA if you are having problems paying rent. With this option, money will be sent straight to your landlord. You will also have the option to change your payment frequency. Couples will even be able to opt to split payments.  3. Budgeting advances for unexpected home emergencies In emergency cases, you may be abl ...

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