The New Year period is a common time for people to take stock of their finances and make resolutions designed to boost their financial wellbeing. And a new study has found the likelihood of success in this area is heavily linked to receiving professional advice and the establishment of clear financial objectives.

Advice is key to success

The recently released research*

The turn of the New Year will have no doubt brought about an abundance of resolutions but we all know that sticking to them is the hardest part. If improving your financial fitness is one of yours for 2020, we have 5 resolutions that you can follow below:-

1. Calculate your personal net worth

This isn’t as difficult as it may sound. Firstly, you need to make a record of

But it's not about how much you have!

It always fascinates me listening to other couples talking about how they manage their finances. That is, if they are willing to share; talking about money is almost as taboo as talking about your sex life! But why is that? It strikes me that there is a correlation between a successful relationship and making financial arrangements

In the wake of the pension transfer scandal at Tata Steel, where some FCA regulated advisers gave poor advice to steelworkers, the damage to the profession has been frustrating for firms like FMB who abide by an ethical code which puts clients first. The Personal Finance Society (the financial advice arm of the Chartered Insurance Institute) has been working with its

We often hear about the so-called sandwich generation and the financial pressures they face.

Sandwich generation refers to a group of people trapped between financially dependent adult children and demands from their elderly parents.

It can place a great deal of time and financial pressure on individuals and couples, who might otherwise be in the prime financial position

Have you noticed a trend towards minimal lifestyles? It's everywhere. From Instagram accounts about packing everything into a camper van and leaving the ratrace (#vanlife), to decluttering your mental state with mindfulness. Of course minimalism is often associated with our living spaces. I'm quite unsentimental when it comes to possessions anyway, so I was an easy convert

Just a couple of weeks ago a friend pointed out a Facebook advert to me. It was titled “Marks Money Matters”. It was advertising a fixed rate ISA with a return of 8%... I wonder how many people have just read that and thought, “ooh that sounds like a good deal, I’ll have a look”? I really hope your reaction was that of a healthy cynic. It sounds too good to be true right?

In the case of married couples/civil partners it is not unusual for one party to be a taxpayer and the other a non-taxpayer.

The ‘tax-free’ Personal Allowance for the current tax year is £11,850.

The total income of the non-taxpayer may well be some way below their £11,850 tax-free allowance meaning that part of their allowance is going to waste. Provided that their