The threat of rising mortgage rates, funds for volatile times and over-50s funeral plans - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Forget stockmarket volatility - the biggest threat to your wealth is rising mortgage rates Your clients may - understandably enough - be concerned with the volatility investment markets have been experiencing this month but, argues this Telegraph article, the Bank of England's rate rise warnings are more significant. After the UK's central bank flagged the possibility of multiple rate rises in 2018 and its climbing "swap rates", the piece explains, homeowners should be bracing for rising costs. As an example, broker London & Country reckons someone with a £300,000 mortgage with a stand...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes