Contact

News & Insights

Is it time to dump your Premium Bonds?

It promised a unique safe haven, but… 

Premium Bonds are operated by NS&I which is treasury-owned so your capital is as safe as it gets. This safety used to be a special charm, but these days all UK regulated savings accounts are protected up to £75,000 per person, per institution, by the Financial Services Compensation Scheme. However, the maximum you can put in premium bonds is £50,000 – so the safety boon isn’t as big.

Premium Bonds are certainly not as good as they used to be, but ultimately it’s only worth re-allocating your cash if there’s something better out there.

So unless you’re extremely lucky, premium bonds earn far less than the top savings and most investments – the safest bet is to get rid of them.

The key to managing your wealth is to diversify and, if you want the potential for growth in this low interest rate environment, then the first option is to look at investing. Get in touch with Blacktower to find out more. 

 

Other News

Spain’s growing economy is good news for jobseekers

You are hired!In the first quarter of 2017, Spain’s Gross Domestic Product (GPD) grew by 0.8 per cent, according to preliminary figures from the Spanish Statistical Institute (INE), which was marginally higher than the previous three months’ growth of 0.7 per cent.

The was a larger expansion than many had predicted, causing the Prime Minister, Mariano Rajoy, to update the country’s economic growth forecast for 2017 from 2.5 per cent to 2.7 per cent.

“Recent data for the first quarter of the year, as well as national and international forecasts, have pushed us to revise our growth forecast,” the Prime Minister said.

Read More

Expat Pensions Take Centre Stage

International ConferenceThe Conservative Party has used its annual conference in Birmingham as an opportunity to reassure British citizens living in the EU of the future of their expat pensions.

Speaking at the event Ester McVey, the Secretary of state for the Department for Work & Pensions (DWP) said, “We will ensure that people with UK pensions that have moved to the EU will have their pensions protected.

“We will provide a triple lock on people with UK pensions living in the European Union. We are delivering a private pension revolution, with more people than ever contributing to their pensions.”

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.