There’s a great news story doing the rounds this week, about a chap who received a windfall of nearly £133,000 after a chance conversation with his financial adviser which led him to a state pension pot he didn’t know existed.
In this episode, why working with a financial adviser can lead to unexpected riches – or at least help make sense of your financial paperwork and remove a great deal of stress from your life.
Personal finance news
-The Royal Mint didn’t produce any new copper coins last year. It’s the first time in decades the Mint hasn’t created new 1p or 2p coins, with the Treasury saying enough of these coins are already in circulation.
-Up to half of older homeowners are using equity release to repay debt as they struggle to meet payments. That’s according to new analysis from independent equity release adviser Key.
-Overdraft customers with Nationwide are receiving £6 million of refunds after the building society failed to send them the correct text message warnings. Before being charged for entering an unarranged overdraft, banking customers must be sending a text alert.
-Brexit uncertainty is causing house price growth to lose momentum, according to a survey of Chartered Surveyors. Despite this loss of momentum, prices continue to rise in some parts of the country, including Scotland, Wales and Northern Ireland.
-Almost half of people over 55 have received an inheritance, according to insurer SunLife. SunLife surveyed more than 1,000 homeowners over 55, and found that 46% have received an inheritance.
Useful links
Adviser helps client to £133k pension he didn’t know existed (FT Adviser)
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