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Done & Dusted

These disappointing figures fuelled speculation that interest rates will not rise until 2016 at the earliest having been frozen at 0.5 per cent since March 2009.

The expectation that rates will stay lower for longer has been encouraged by the low-inflation environment. The UK March consumer prices index rate of inflation stayed at the 0 per cent recorded in February – despite forecasts falling petrol prices and the supermarket price war would turn the rate negative.

The impact of very low interest rates continues to reverberate around the financial system. For example bond markets are showing signs of increasing volatility and can no longer be relied to be either a safe haven or a predictor of economic activity. Companies are buying back shares using cheap loans rather than investing for the future, whilst certain badly run hedge funds are taking excessive risks with borrowed money and leaving their investors with the downside when things go wrong.

With little hope for savers that their money will earn them a good rate of interest sitting in a Bank, or invested in government bonds, be it in the UK or Europe , now is the time to speak to the investment specialists at Blacktower. We are here to help you find the right solution to make your money work for YOU.

by Christina Brady, Regional Manager Costa Blanca

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Good news on pension exit fees

It appears there is good news on the horizon for up to 2 million pension savers.  The UK Financial Conduct Authority (FCA) is looking at evidence that some major providers applied exit charges to people’s pensions without informing them.  In some cases, this amounted to nearly 40% of the value of the fund.

They are looking to see if they followed the rules which say they have to inform customers of any exit fees being applied.  This is good news for anyone who, in the last few years, has suffered from being in this position as they could be due compensation.

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The best 5 cities to live in Spain

Spanish CityIn popular culture, Spain is synonymous with sunshine, Paella, Flamenco and endless golden beaches.  All of which paint a familiar, and perhaps slightly old-fashioned view, of the fourth biggest member of the E.U.

There’s a lot more to this huge country than the easy stereotypes might suggest. There’s sunshine if you want it, but there’s also snow, desert, dense ancient forests where bears still roam free, and sleepy hill towns that appear not to have changed in a hundred years – nor seem likely to, in a hundred more.

There’s so much to commend it to the traveler, that they can be forgiven for beginning to dream a little, of what it might be like to live there, for real… for good. Let’s take a look at 5 cities in Spain where the prospective expat might think of living la vida local.

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