New England Financial Solutions

How do you feel about your financial knowledge and ability to manage money?

Thank you so much to those of you that have been able to support me with this important research.

Because this research is so important we have been able to EXTEND the deadline by ONE WEEK - therefore I would appreciate so much if you could spend just 5 minutes completing the questions, all of which are anonymous, and which will make a real difference to my work.

We are looking for volunteers to take part in a research study about the effect of age, gender, and relationship status on financial literacy and financial self-efficacy.

This research forms part of an MSc Psychological Sciences at Brunel University London within the College of Health, Medicine and Life Sciences, Department of Life Sciences. It involves answering two short questionnaires about financial literacy and financial self-efficacy.

This study has been approved by the College of Health, Medicine and Life Science Research Ethics Committee and will take place between 4th October 2022 and 12th January 2022. Please note that data collection will end by 11th November 2022.

Your participation in this research is entirely voluntary, anonymous, and confidential. Given that all data is anonymised, you will be unable to withdraw from the study once you have submitted your responses.

We are sorry we can’t offer any payment or rewards!

Still interested?

All participants must:

- Be a UK resident

- Be between the age of 40 and 69 inclusive

If your answer is ‘yes’ to the above questions and you would like to take part, please visit the following link on Survey Circle for further information on how to take part - https://brunel.onlinesurveys.ac.uk/financial-literacy-and-financial-self-efficacy.

Thank you!

Is it ever a good idea to stop paying into your UK workplace pension pot?

UK workers are leaving their pension schemes or reducing how much they pay in as the cost of living crisis forces people to make hard financial choices.

Why are staff doing this?

According to trade unions, some employees say they cannot currently afford to stay in their employer’s pension scheme.

Others have decided to cut their contributions to release much-needed extra cash to help with their rising day-to-day costs.

Is it ever a good idea to stop paying into your UK workplace pension pot? As the cost of living bites, staff are releasing cash by pausing pension contributions – but the damage can be long term

Let it go …..

Many of us are kind and gentle souls who genuinely care about the world and people around us.

And there will always be things happening around us that just don't seem fair or logical.

And I will always encourage anyone to try to make a difference.

But sometimes, for our own wellbeing, it is better to just let it go.

We can't change or control everything.

But by letting go, we are better prepared for the things we can influence.

Let go, stay calm, move on.

Integrity - from New England Financial Solutions

Our clients expect our business to be run to the highest ethical and moral standards.

Our clients expect us to always treat them with the utmost respect at all times.

Our clients expect honesty.

Our clients expect their data to be protected and confidential.

Financial Planning in Northamptonshire Financial planning. pensions and financial investment in Northamptonshire and Buckinghamshire

How to protect your savings and pension from UK inflation.

Interest rates went up again a few weeks ago, and many savers will see their rates boosted as a result, but rising inflation – currently 9.4% and set to go higher – is eating away at the value of people’s nest-egg cash.

As central banks around the world raise interest rates to defeat inflation, fears are growing of a full-blown recession. So what can you do now to protect yourself from a potential hammer blow to your finances?

Here The Guardian look at some of the options for protecting your nest-egg money and pension from inflation.

How to protect your savings and pension from UK inflation We look at some options for safeguarding your nest egg amid rising prices and interest rates

Knowledge.

Our clients expect us to be industry qualified.

Our clients expect us to be Degree qualified and have a broad base of relevant qualifications.

Our clients expect us to be constantly updating our knowledge.

Our clients expect us to have significant experience.

Our clients expect us to work with industry specialists and other qualified professionals.

We place a high value on understanding the difference between real evidence and pseudo-evidence.

Cameron Waldron - why I am studying a Masters in Psychology. Cameron has gone back to Uni!We are delighted to share that Cameron has made the decision to head back to Uni where he is studying a Master in Psychology wit...

What is the energy price cap and could I end up paying more?

Millions of households face an 80% energy bill rise from 1 October after the regulator Ofgem increased the cap on prices to £3,549 a year.

And there is even worse news coming down the track, with the next announcement on what will almost certainly be an even higher cap – covering the first three months of 2023 – due on 24 November.

Here is an helpful explanation from The Guardian about the price cap and how it works.

What is the energy price cap and could I end up paying more? Cap on average annual default tariff will increase to £3,549, with another big rise just down the track

The New England Story.

New England Financial Solutions has been providing principled, transparent and experienced financial advice for over two decades.

Cameron Waldron developed his financial career working in international banking and blue chip companies with a focus on supporting and developing their staff in high performance environments.

His experience in those complex markets, working with firms from across Asia Pacific and North America has given him and New England Financial Solutions the global experience to know that trusted, robust and client focused advice with a focus on results is fundamental to success.

Today New England Financial Solutions works with wealth management clients, investors, individuals, families and businesses supporting them as they make decisions on their finances for the years ahead.

Why Trust is at the heart of everything we do. In this short but informative video Cameron explains why trust is at the heart of everything that New England Financial Solutions does including the same exp...

Britain’s growing dormant cash pile set to be a windfall for charities.

The government is expanding a scheme that channels unclaimed money to good causes

Unclaimed insurance payouts, pensions and shares will soon be used to fund charities in a move that could collect up to £880m from lost and forgotten accounts.

Next month will see the first of a series of significant changes to a government scheme which moves “dormant” money from financial institutions to the charity sector.

Britain’s growing dormant cash pile set to be a windfall for charities The government is expanding a scheme that channels unclaimed money to good causes

Lost in the landscape.

There is a lot of research into the impact of our environment on our wellbeing.

Putting this aside, I can only say that a few days in the inner Hebrides of Scotland certainly made me feel better.

The Isle of Mull in particularly will just take your breath away.

Where do you feel a sense of serenity?

How to tackle the UK cost of living crisis – four economists have their say.

From targeted help for the poorest households to continued investment in the green transition, four economists offer their solutions to the cost of living crisis.

Great report as ever from Positive News

How to tackle the UK cost of living crisis – four economists have their say From targeted help for the poorest, to investment in the green transition, economists offer solutions to the cost of living crisis

Happiness.

There is not enough evidence to support a universal definition of happiness.

There is too much pseudo-science being used by professionals pronouncing they know what happiness means but by getting to know our clients properly, we try our very best to build the financial plans to support their ideas.

By using real evidence, we can then test those ideas in order find the best solutions.

Watch the short video below where Cameron explains why money is not the source of happiness.

"Money is not the source of happiness." "Money is not the source of happiness.""Money can't make you happy."Really?In this brand new video I discuss whether money can actually make you happy and wh...

Don't pull the plug on your pension: Why cash-strapped workers choosing to pause contributions should think twice.

After two and a half years of financial uncertainty, Emma Preston is understandably feeling anxious reports This is Money recently.

The 38-year-old hotel manager was furloughed during the first lockdown. And since returning to work, she's struggled to cope with the soaring cost of living.

These unprecedented pressures have forced her to resort to something she never dreamt she'd do: pull out of her workplace pension.

Read more below.

Think twice before pulling the plug on your workplace pension A recent survey found a quarter of employees had already withdrawn from workplace pensions or were considering doing so due to rising prices.

UK wages hit by soaring inflation.

Pay fell at the sharpest pace on record between April and June, official figures show, as soaring inflation continued to weigh on earnings.

Wages - when taking into account rising prices - fell by 3% on the year, said the Office for National Statistics.

Household budgets are being hit by soaring energy bills as well as higher food and fuel costs.

The rise in prices has fuelled the UK inflation rate to a 40-year high and it is expected to rise further.

The ONS said growth in regular pay, excluding bonuses, was 4.7% in April to June 2022. This is the fastest growth in 15 years, excluding the pandemic.

However, prices are rising at an even faster rate, resulting in a fall in pay by a record 3%.

UK wages hit by soaring inflation Regular pay between April and June fell 3% on the year when taking into account inflation.

What are the options for managing skyrocketing energy bills this winter?

Annual energy bills are predicted to surpass £4,200 come January – a startling number that many Britons will struggle to comprehend, let alone pay, given household budgets are already being stretched to the limit by soaring food and fuel prices.

This looming hardship has fuelled support for the Don’t Pay UK campaign, which says more than 100,000 people have pledged to join its mass protest and stop paying their energy bills from October. However, charities have issued warnings about the risks associated with doing this. So what are your options to manage skyrocketing energy bills this winter?

What are the options for managing skyrocketing energy bills this winter? Explainer: The looming hardship is fuelling support for Don’t Pay UK campaign, but there are other approaches

Six steps to speed up a mortgage application: Interest rates are rising and demand is higher than ever - but you can lock in a deal before next hike.

Mortgage lenders are reporting overwhelming levels of demand, as desperate homeowners and buyers try to lock in rates before they rise.

Last week the Bank of England announced a 0.5 per cent increase in its base rate to 1.75 per cent – the biggest rise in 27 years – pushing up rates on new fixed mortgages even further.

Since January 2022, interest on a typical two-year fixed mortgage has jumped from 1.3 per cent to 3.46 per cent, according to analysis from L&C Mortgages, increasing average monthly payments by around £159.

How to speed up a mortgage application and lock in a low interest rate Increases in the Bank of England's base rate have led to mortgage rates spiking - but acting as quickly as possible can help homeowners swerve further rises.

Our Duty of Care to our clients.

Our clients expect us to deliver what we promise, when we promise.

Our clients are our business and we will always work in their best interests.

Our clients expect clear and regular information throughout the advice process.

We will only recommend financial products that are relevant and suitable to them.

Cameron Waldron - Duty of Care In this video Cameron from New England Financial Solutions explains the importance of having a 'duty of care' in the work he delivers to his clients. He also...

How to protect your savings and pension from UK inflation.

Interest rates went up again this week, and many savers will see their rates boosted as a result, but rising inflation – currently 9.4% and set to go higher – is eating away at the value of people’s nest-egg cash.

As central banks around the world raise interest rates to defeat inflation, fears are growing of a full-blown recession. So what can you do now to protect yourself from a potential hammer blow to your finances?

Here The Guardian look at some of the options for protecting your nest-egg money and pension from inflation.

How to protect your savings and pension from UK inflation We look at some options for safeguarding your nest egg amid rising prices and interest rates

The mindful power of forgiveness.

Many of us only ever understand half of this sentiment at the best of times.

It isn't just about forgiving those in your life who may have knowingly or unknowingly hurt you.

It's even more important to forgive yourself for things you wrongly or rightly feel bad about.

Mindfulness is all about using your internal thoughts to create a happier state of mind.

Take a deep breath every day and forgive.

Bank of England governor defends rate hike ahead of looming recession.

The governor of the Bank of England has defended its decision to raise interest rates, saying there is a "real risk" of soaring prices becoming "embedded".

Interest rates rose to 1.75% - the biggest rise in 27 years - with inflation now set to hit more than 13%.

The UK is forecast to fall into recession this year, with the longest downturn since 2008 predicted.

Increasing interest rates is one way to try and control inflation as it raises borrowing costs.

Bank of England governor defends rate hike ahead of looming recession Bank of England governor Andrew Bailey warns price rises would be long-term if Bank did not act.

Why knowledge is at the heart of everything New England Financial Solutions delivers.

Our clients expect us to be industry qualified.

Our clients expect us to be Degree qualified and have a broad base of relevant qualifications.

Our clients expect us to be constantly updating our knowledge.

Our clients expect us to have significant experience.

Our clients expect us to work with industry specialists and other qualified professionals.

We place a high value on understanding the difference between real evidence and pseudo-evidence.

https://youtu.be/DwIbmHVAnc0

Cameron Waldron - why I am studying a Masters in Psychology. Cameron has gone back to Uni!We are delighted to share that Cameron has made the decision to head back to Uni where he is studying a Master in Psychology wit...

The cost of living crisis: what are governments doing to help?

From windfall taxes on energy firms to making train travel free, here’s how the world is responding to rising prices according to our friends at Positive News

The cost of living crisis: what are governments doing to help? From windfall taxes on energy firms to making train travel free, here’s how the world is responding to the cost of living crisis

There is only one story in the UK today!

Thank you to the Lionesses for this awesome moment of cultural shift.

And to all the insecure misogynistic conservative bigots who still believe in a hateful and small-minded world order:

"The times, they are a changing"

Wonderful!!!!

Cameron prides himself and doing everything he can to ensure the communication he has with his clients is as engaging and as accessible as it can be.

That is why yesterday he was in front of his camera recording his latest set of updates and messages that will be published over August and September.

Looking forward to sharing them.

Rising production costs lead to 4.4% rise in UK shop prices.

Shop prices soared by the greatest amount since at least 2005 in July as the cost of fresh food was driven up by rising charges for fertiliser, animal feed and transport.

Prices rose by 4.4% compared to July last year, a step up from a year-on-year rise of 3.1% in June, according to the British Retail Consortium’s latest shop price index collated with market research firm Nielsen IQ.

Fresh food inflation soared to 8% according to the index from 6.2% a month before, the highest rate since March 2009. That contributed to overall food inflation of 7%.

Helen Dickinson, the chief executive of the British Retail Consortium (BRC), a trade body which represents most major retailers, said some of the biggest price rises were seen in dairy products including lard, cooking fats and butter.

Rising production costs lead to 4.4% rise in UK shop prices Fresh food inflation at 8% after increases in fertiliser, animal feed and transport

Want to make your child or grandchild a millionaire? Pay £2,880 a year into a pension and it could grow to almost £1.5m when they're 60.

Saving for a child or grandchild's future is hard at the best of times, but with the cost of living soaring it could easily feel impossible. However, you don't have to save a lot to make a huge difference.

Free government cash and the power of compounding investment returns can quickly turbo-boost whatever you are able to put aside.

Saving into a pension on behalf of a child can be one of the most effective ways of making your money stretch further.

Making your child or grandchild a millionaire is easier than you think Saving into a pension on behalf of a child can be one of the most effective ways of making your money stretch further.

Cameron recognises the importance of supporting his clients and how the successful management of their finances is an important part of their mental health.

Each month he shares via video his listening and reading recommendations for his clients as part of his duty of care to them.

You can view the back catalogue at http://www.newenglandfinance.co.uk/recommendations/

Evidence is a journey.

Science moves along a continuum of research and hard graft.

Evidence must be able to be proven wrong, and studies must be easily duplicated.

Without these guiding principles, our understanding of phenomena doesn't move forward.

Reliability and Validity can be checked, anecdotal evidence often can't be.

Beware what you read, look for proper research and what the build-up of evidence is saying.

And always have an open mind for new developments.

Premium bond holders get a better chance of winning prizes.

There was good news this week for Britain’s 21 million-strong army of premium bond holders: your chance of winning is about to increase.

NS&I has announced that the premium bond “prize fund rate” – the proportion of the total amount invested paid out in prizes – is being upped from 1% to 1.4% next month.

The news comes just before the 65th anniversary of the day the number-generating machine Ernie created the first ever winners.

Premium bond holders get a better chance of winning prizes NS&I has put extra cash into the winners’ pot, but soaring inflation is eroding holders’ cash more quickly