Why did the Wilko franchise fail, and what can business owners learn?
On 10 August 2023, popular retail store Wilko entered administration. The 93-year-old company, founded by J.K Wilkinson in Leicester, announced it would close its 408 stores around the UK after the company went into insolvency. According to Reuters, this closure could result in more than 9,000 jobs being lost. After Woolworths went bust in 2008, […]
10 magical life and money lessons you can learn from Disney
The Walt Disney Company is celebrating a huge milestone – its 100th anniversary. On 16 October 1923, brothers Walt and Roy Disney set up Disney Brothers Cartoon Studio to produce films. From humble beginnings, the company has gone on to become one of the most recognisable brands in the world. To mark 100 years of […]
Intergenerational wealth planning: Your options when passing on wealth to the next generation
Ensuring your family is financially secure for the long term is a common goal. If it’s one of your priorities, intergenerational wealth planning could help you create a plan that suits you and your loved ones. There’s more than one way to pass on wealth to your family. Each option has advantages and drawbacks that […]
Remortgaging: The essential steps you should take when your mortgage ends
If your mortgage deal is coming to an end or it’s already expired, you should consider remortgaging. This guide reveals the essential things you need to know. The government previously estimated 57% of fixed-rate mortgages ending in 2023 had an interest rate below 2%. When these mortgage deals end, it’s very likely that households will […]
The 2 surprising ways perfectionism could damage your financial circumstances
Being a “perfectionist” is a common trait individuals will often describe, used in both a positive and negative way depending on the circumstances. You could hear people say that their house is always clean and tidy, they’re never late, and that they’re very organised because of their “perfectionism”. Conversely, some may describe their perfectionism as […]
How business owners can improve their tax efficiency with pension contributions
If you are a business owner who works within the company, you may empathise with the feeling of being totally consumed by your work. Having built a company from the grassroots stages into a successful enterprise, you are likely to eat, sleep, and breathe your working life. Although this may have been necessary to get […]
5 important takeaways from the Bank of England’s recent interest rate decision
The Bank of England (BoE) raised the base interest rate by another half a point in June 2023. This is its 13th consecutive rise, bringing the bank base rate to 5% – its highest level since April 2008. Read on to understand why interest rates are on the rise and how the latest increase may […]
Guide: How to manage the harmful effects of inflation on your wealth
For the last year, inflation has been high. If you’re worried about the effects of the rising cost of living, this guide could help you. Figures from the Office for National Statistics show, in the 12 months to April 2023, the rate of inflation was 8.7%. This is far above the Bank of England’s target […]
Guide: 10 really fab things the Beatles can teach you about successful financial planning
60 years ago, the Beatles celebrated their first UK number one single – ‘From Me to You’. The Fab Four went on to spend an incredible seven years in the UK top 40. The band has influenced musicians for decades, but what you might have overlooked are some of the financial planning lessons in their […]
4 important lessons the London Marathon could teach you about making a lasting financial plan
On 23 April, more than 40,000 runners took on the world-famous London Marathon. As you can imagine, athletes must be in prime shape, with much training required to conquer the epic 26.2-mile run. Much like the effort needed to train for the London Marathon, you could benefit from putting the same level of preparation into […]
