Akoni Hub

16/12/2024

For offering holistic advice, managing clients’ cash is an essential part of the job.

So, when the Bank of England cuts rates, it’s often a race to lock in the best deals before banks pull them.

But just how quickly do these offers disappear?

In our latest blog, we reveal the speed at which banks adjust rates after a base rate cut and why it’s not too late to take action and secure better returns for your clients.

Plus, how you can make sure clients never miss out on the best deals, even when rates change quickly (and without a tonne of legwork).

👉 Read the full blog to learn more.

https://www.akonihub.com/blog/why-quick-advice-pays-off-after-a-base-rate-cut?utm_content=sked_675c6f268f0ef2d38a0325e4&utm_medium=social&utm_name=sked&utm_source=facebook

13/12/2024

When the Bank of England cuts rates, savers are urged to move fast to lock in the best deals before banks pull them. But just how quickly do these offers disappear?

In our latest blog, we dive into how fast banks pull their best rates after a base rate cut. Plus what to do if you missed out on the top rates and your savings are earning next to nothing (hint: don’t wait!).

👉 Read the full blog to learn more.


https://www.akonihub.com/blog/base-rate-cuts-why-savers-need-to-act-fast?utm_content=sked_675c699478519c07856089aa&utm_medium=social&utm_name=sked&utm_source=facebook

14/11/2024

Next Wednesday 20 November our team will be at & show to chat with visitors about how our management platform can help support their future plans. Drop by and say hello to the team

https://www.akonihub.com/charities-non-profits?utm_content=sked_67362d677d36cb47435dc1d9&utm_medium=social&utm_name=sked&utm_source=facebook

11/11/2024

Last week's Bank of England base rate cut from 5% to 4.75% could be of concern for your , worried about how it will affect their who might come to you for advice.

Here are some potential talking points for you both:

✅ Why the cut happened
✅ What it means for their savings
✅ Strategies they should consider
✅ Diversifying their holdings
✅ Why they should shop around, and
✅ How a savings platform could help them

Read more below 👇

https://www.akonihub.com/blog/base-rate-cut-what-to-discuss-with-clients?utm_content=sked_6731e5ea8c25535d99f8dc91&utm_medium=social&utm_name=sked&utm_source=facebook

07/11/2024

In our latest blog we take a look at what today’s Bank of England cut to the interest rate means for savers?

➡️ Why the base rate matters
➡️ Why it has been cut
➡️ What it means for savers
➡️ How to diversify your savings
➡️ Why you shouldn’t rest on your laurels, and
➡️ How to outsource the hard work of looking after your money

Check it out here ⬇️



https://www.akonihub.com/blog/why-a-base-rate-cut-isnt-all-bad-news-for-savers?utm_content=sked_672ce885a332882a8320b7c0&utm_medium=social&utm_name=sked&utm_source=facebook

31/10/2024

Chancellor Rachel Reeves unveiled a series of game-changing updates in yesterday’s Budget that could significantly impact your finances. Here’s what you need to know:

➡️Capital Gains Tax: Rates will rise to 18% and 24% for basic and higher rate taxpayers. Residential rates remain unchanged.
➡️Inheritance Tax: From 2027, inherited pensions will be subject to IHT.
➡️Employer National Insurance: Set to increase to 15% from April 2025, with the threshold dropping to £5,000.
➡️Stamp Duty: A 2% hike for second homes starting 31 October 2024.
➡️State Pension: Will increase by 4.1% in April, adding £473 to the new, full state pension.
➡️National Minimum Wage: Rising to £12.21 for employees aged 21 and over from April 2025.

While there were no major surprises for savers (we didn’t see changes to ISAs or allowances), Budget Day acts as a good reminder to review your savings regularly - particularly with a potential rate cut on the horizon.

Yes, the current savings landscape is good. But with inflation below target, cuts may be looming, meaning lower returns on your savings.

Now’s the time to ensure you're getting the best deal possible.
Want to discover how Akoni can help make managing your savings simpler? Visit our website to learn more. 👇
https://www.akonihub.com/

https://www.akonihub.com/blog/consumers-what-next-for-your-savings?utm_content=sked_672385cd9ea7551887081d65&utm_medium=social&utm_name=sked&utm_source=facebook

31/10/2024

Chancellor Rachel Reeves unveiled a series of game-changing updates in yesterday’s Budget that could significantly impact your finances. Here’s what you need to know:

➡️Capital Gains Tax: Rates will rise to 18% and 24% for basic and higher rate taxpayers. Residential rates remain unchanged.
➡️Inheritance Tax: From 2027, inherited pensions will be subject to IHT.
➡️Employer National Insurance: Set to increase to 15% from April 2025, with the threshold dropping to £5,000.
➡️Stamp Duty: A 2% hike for second homes starting 31 October 2024.
➡️State Pension: Will increase by 4.1% in April, adding £473 to the new, full state pension.
➡️National Minimum Wage: Rising to £12.21 for employees aged 21 and over from April 2025.

While there were no major surprises for savers (we didn’t see changes to ISAs or allowances), Budget day acts as a good reminder to review your savings regularly - particularly with a potential rate cut on the horizon.

Yes, the current savings landscape is good. But with inflation below target, cuts may be looming, meaning lower returns on your savings.
Now’s the time to ensure you're getting the best deal possible.

Want to discover how Akoni can help make managing your savings simpler? Visit our website to learn more.

https://www.akonihub.com/?utm_content=sked_67236f585536261abe8d17b0&utm_medium=social&utm_name=sked&utm_source=facebook

16/10/2024

Numbers out today and yesterday show a drop in the rates of inflation and wage increases, making it far more likely that the Bank of England will decide to cut the Base Rate at the next MPC meeting on Thursday 7 November.

Now is the time to take advantage of historically high rates before they fall. AkoniHub offers a range of products from multiple Bank Partners to help you spread your risk and optimise returns.

https://www.bbc.com/news/articles/czxde3779lxo
https://www.bbc.com/news/articles/ce3w7dqn454o



https://www.akonihub.com/

Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

17/03/2024

Utterly shameless Happy post. After all, who doesn't love a dog in a hat, even if that dog is Welsh 😂
Wishing everyone who celebrates a great day ☘️🎉🐍

16/01/2024

Interesting article in today's 'Savers missing out on estimated £6.9bn of interest in 2023' report from

We're on a mission to help savers make the most of their cash. Find out more
https://www.akonihub.com/home

Britons lost out on an estimated £6.9bn in interest from savings accounts last year, according to new research from a challenger bank.