Three things clients may call you about this week...

 

Bank of England raises concerns about buy-to-let market

Clients who are buy-to-let landlords - or retirees thinking of entering the market using pension freedoms to reinvest their nest egg - may give you a worried call, after the Bank of England said it the growing buy-to-let property market in the UK could post a threat to wider financial stability.

Buy-to-let mortgage lending had the potential to "amplify" a housing boom and bust, the Bank's Financial Stability Committee (FPC) concluded, noting that lending in this sector has risen by 40% since 2008, the FPC said, according to the BBC. MORE 

Managing money and dementia

An article in the Sunday Times might prompt a call from clients, covering how to arrange someone's financial affairs if they are suffering dementia.

Consider setting up direct debits for regular payments, such as gas and electricity bills, it suggested, and if you need or want someone else to deal with your current account, you can arrange a third-party mandate, among lots of other practical tips. MORE 

 

Part-time workers missing pension breaks

Clients may have some questions about a report in the FT over the weekend that large numbers of part-time workers are being denied valuable tax breaks on their pension contributions as UK government officials knowingly allow them to save into schemes that will not pay them the relief they are entitled to. MORE

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