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Business Services News & Updates

Four Oaks Financial Services is a firm of financial advisers based in Lichfield. They recently held their second annual golf day and thought this would be a great opportunity to raise money for their charity Buddy Bag Foundation. The golfers and guests donated double the sum that was raised at last year’s golf day.
We are just starting to see the first signs of interest rates rising after 10 years of painfully low rates. Whilst low interest rates are great for our clients with mortgages, for our clients with savings the low interest rates over such a long period of time could be described as a disaster. For savers we are hoping to see another rise in interest rates later in the year, but even if this does happen it is unlikely that interest rates will be over 1% by the end of this year.
Our favourite independent insurance broker Prizm Solutions has acquired the General Insurance Division of Birmingham firm Keeley & Co Ltd. This acquisition is forecast to increase Prizm’s annual turnover by 50% and is good news for the clients of both firms.
Four Oaks Financial Services is a firm of financial advisers based in Lichfield. They held their second annual golf day at Aston Wood Golf Club at the end of June. This annual event was twice the size of the inaugural golf day held in 2017.
Through effective estate planning we have helped one of our clients to potentially save her children an inheritance tax bill of £76,000. We are experts in financial planning, and this is what we do for our clients in Lichfield and the wider area.
Combining powerful software with the knowledge and experience of our Financial Advisers in Lichfield our clients can now confidently plan for their desired lifestyle today, in middle-age and in retirement. In fact our software breaks this down year, by year throughout their lives.
According to data from the Council of Mortgage Lenders (now part of UK Finance), remortgaging was at record levels in 2017. Over 41,000 mortgage borrowers found a new mortgage deal in October alone! And, they believe this trend will continue into 2018.
Research* shows that almost a third of employees in the UK don’t have a financial contingency plan if they were to lose their primary source of income. Are you one of these people? What are you going to do about it? Hoping that getting diagnosed with a critical illness doesn’t happen to you is not a great financial strategy.
Lichfield based IT Company brokenStones, have celebrated a busy start to the year with a re-brand to mark the growth of the business.
The Financial Conduct Authority says that taking cash out of a pension before the age of 65 is becoming increasingly popular. This trend has unfortunately led to pension savers making poor and uniformed choices and even left them open to scams. MPs on the Work and Pensions Committee have launched a wide-ranging review into the retirement income market to look into this whole area.
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