Savings Champion

19/12/2024

IMPORTANT ANNOUNCEMENT: It's not a goodbye, it's a hello from the other side! 👋🏽

Previously operating as its own website, Savings Champion has now been amalgamated onto The Private Office - TPO website – and the team with over 30 years of experience, is still a key part of the business.

You can still check out the Best Buy tables here ➡ https://www.theprivateoffice.com/cash-management/best-buys?utm_source=facebook&utm_medium=social&utm_campaign=best-buy-tpo

For all the latest savings, investment and wealth management news, please subscribe/follow The Private Office - TPO.

📢: Established in 2011, Savings Champion became one of the UK’s leading independent experts on cash-based savings.

It built this reputation by constantly monitoring the cash 💸 savings market – and over the years created one of the largest databases of savings account information in the UK along with a dedicated team of cash savings experts.

At The Private Office - TPO, we continue to have access to this expertise and research, which allows us to provide an unique financial advice service to our clients.

Best buys

18/11/2024

💥 Trumps return - investment boom or inflationary timebomb? 💥

The US election has concluded, and the markets are reacting! With Trump and the Republicans in control, what are the economic implications? 🤔

Explore the full analysis and understand how these changes could affect your investments. Click the link to read! 🔗

https://www.theprivateoffice.com/insights/trumps-boom-inflationary-timebomb?utm_source=sc-facebook&utm_medium=social&utm_campaign=imu-november-24

07/11/2024

💰 The Bank of England has cut the base rate to 4.75%.

Savers, rates could start to fall, so if you’ve still got cash sitting in accounts paying lower than average returns, it’s time to switch. 🔄

31/10/2024

In one of the longest ‘Budget’ speeches in memory, Chancellor Rachel Reeves gave the first Labour Budget speech for nearly 15 years.

Here TPO breakdown all the main elements of interest for financial planning and what it will mean for you.

🔗 https://www.theprivateoffice.com/news/autumn-budget-2024?utm_source=sc-facebook&utm_medium=social&utm_campaign=autumn-budget-2024

30/10/2024

Labour’s first Budget in 14 years – investors will feel the impact of tax rises but it could have been worse. Businesses will be less happy.

Speculation had been rife that pensions, capital gains tax and inheritance tax could be targeted to raise tax revenue following Labour’s manifesto commitment not to increase taxes on “working people”. In the end, changes to all three of these areas, among others, were announced as Reeves looks to raise taxes by £40bn. Alex Shields, Partner at The Private Office - TPO covers today's budget here: https://www.theprivateoffice.com/insights/labours-first-budget-14-years-whats-impact?utm_source=sc-facebook&utm_medium=social&utm_campaign=labours-first-budget

Chancellor Rachel Reeves finally delivered her eagerly anticipated Budget this afternoon, with changes to pensions, capital gains tax and inheritance tax made as Reeves looks to raise taxes by £40 billion.

24/10/2024

🚨 Nationwide Takes Over Virgin Money!

Will this merger mean better savings and services for you? 📈

Will your money be protected if you have savings with both brands? 💸

💸 As the UK’s second-largest mortgage and savings group emerges, the potential for more competitive rates and improved offerings could be on the horizon.

In our latest article Anna answers what this means for savers: https://savingschampion.co.uk/news/savings-news/nationwide-has-completed-the-takeover-of-virgin-money-what-does-this-mean-for-savers?utm_source=facebook&utm_medium=social&utm_campaign=nationwidevirginmoney-takeover

14/10/2024

💹 In this month’s Investment Market Update TPO - The Private Office take a closer look at Chinese stimulus, it’s expected economic effectiveness and ongoing market impacts, along with the impact of these initial US rate cuts on markets.

🔗To find out how you could be effected by recent changes around the world, read more here:
https://www.theprivateoffice.com/insights/federal-reserve-chinese-central-bank?utm_source=sc-facebook&utm_medium=social&utm_campaign=imu-october24

11/10/2024

🍂The TPO Autumn Insight newsletter has arrived🍂

TPO - The Private Office are excited to be sharing with you their latest issue featuring must read articles from TPO experts, including:

🔸TPO partners with Pacific Asset Management
🔸How the ‘painful’ Budget might damage your finances
🔸:Pension vs Property - which is best?
🔸NS&I cuts its fixed term bond rates

📰 https://issuu.com/theprivateoffice.tpo/docs/tpo_newsletter9471_autumn_2024_v7_web

08/10/2024

📈 The latest inflation figures from ONS are in...

🎯 These show the CPI measure of inflation has remained at 2.2%, unchanged from July, which is slightly higher than the government target of 2%.

👓 Read more here about the inflation and base rate stick: https://savingschampion.co.uk/news/savings-news/inflation-and-the-base-rate-stick-but-for-how-long?utm_source=facebook&utm_medium=social&utm_campaign=inflation-baserate-stick

04/10/2024

Recently our savings expert Anna Bowes was asked the following question in The Times and The Sunday Times so let's share it with you in this week's column!

03/10/2024

🏡 Relief for Mortgage owners but frustration for savers

✂️ Whilst the base rate has kept at a steady 5% following the most recent MPC meeting, it is likely there will be a cut at either or both the final two meetings this year on the 7th of November and the 19th of December.

📖 Read more about how you can prepare: https://savingschampion.co.uk/news/savings-news/grab-the-best-fixed-rates-to-protect-your-interest?utm_source=facebook&utm_medium=social&utm_campaign=protect-your-interest

01/10/2024

❓ What is a trust?
- A trust is a formal transfer of assets (done by the settlor) to the trustee to safeguard for the 3rd party member (the beneficiary)

🔑 Key Terms
- Settlor – The person who establishes the trust by a transfer of assets. This can be done during lifetime through a deed, or on death via the will.
- Trustee – A person entrusted to hold the assets for the beneficiaries, there is usually more than one
- Beneficiary - Person entitled to benefit from the trust. There can be more than one

🤷 Why create a trust?
- Control over assets - Trusts allow the settlor to specify how and when beneficiaries receive assets
- Privacy - Trusts can keep financial affairs private as they are typically not part of the public record
- Charitable giving - Trusts can be set up to support chartable causes.

Click here to read more in The Private Office - TPO's simple guide 🔗
https://www.theprivateoffice.com/resources/guides/simple-guide-trusts?utm_source=sc-facebook&utm_medium=social&utm_campaign=guide-to-trusts