Real Financial Services is Proud Sponsor of Manchester Soul Festival 2017

Real Financial Services are pleased to announce that they are sponsoring the Third Annual Manchester Soul Festival on Sunday 27 August 2017.

The event is supporting The Christie Charitable Fund.

Paul Ramsey & Lynn Wallwork the Directors of Real are pleased to give their support to such a worthy cause.

Paul said, “We all know family and friends who have been struck down by cancer and this is a great event which enables people to have a great time and also helping to raise money for The Christie Charity Fund.”[%7B%22surface%22%3A%22page%22%2C%22mechanism%22%3A%22main_list%22%2C%22extra_data%22%3A%22%7B%5C%22page_id%5C%22%3A53019549510%2C%5C%22tour_id%5C%22%3Anull%7D%22%7D]%2C%22has_source%22%3Atrue%7D


Provident Financial Shares Dive as CEO Resigns

Provident Financial told the market this morning that it expects to lost between £80m and £120m this year. The news has caused the share price to dive with the price dropping by 68% during trading.

The company has some 2.5 million customers, many of whom would not qualify for a standard bank loan and are therefore categorised as “sub-prime”.

Ford is the latest car company to launch an incentive for UK consumers to trade in cars over seven years old, by offering £2,000 off some new models.

The cars that can be traded in include any built to emissions standards that applied before 2010.

Theresa May Confirms Britain will leave single market

Theresa May does not want Britain to stay in the single market.

The Prime Minister stated “we will take back control of our laws and put an end to the jurisdiction of the European court in Britain. I want to be clear that what I am proposing cannot mean  membership of the single market.”

May promised to push for the “freest possible trade” with European countries and to sign new deals with others around the world.

She also announced Parliament would get to vote on the final deal agreed between the UK and the EU.

Final salary Schemes are ‘Just treading water’

The Pension Protection Fund says little progress has been made in closing a total £222bn deficit on UK defined benefit schemes, with many schemes “just treading water”.

In its latest data on the trends in DB pension schemes, the PPF says the deficit across 5,794 schemes feel slightly from £244.2bn at the end of March 2015 to £221.7bn a year later.

Asset allocation has changed to reflect schemes wanting to derisk, with allocation to bonds rising to over 50 per cent for the first time. Equity investments have fallen from 33 per cent to 30 per cent in the year to March.

PPF chief financial officer Andrew McKinnon says: “2016 has been an interesting year for DB pensions. While scheme funding remained largely stable in the year to March, there have been large swings in funding since June.

“When we look back at what progress schemes have made over the last decade it appears many schemes are just treading water. The average recovery plan length, at around eight years, has barely improved, which brings home the challenge we now face.”

Real Financial Services Move into AJ Bell Stadium

 Real Financial Services have completed their move into the AJ Bell Stadium.

After 3 years of working in offices in Cheadle the Directors of the company Lynn Wallwork and Paul Ramsey decided that bigger office premises were required to meet the ambitious growth plans of the company whom have recently added both Lee Neenan and Steve Jackson to the team from Royal Bank of Scotland.

The location of the AJ Bell Stadium is perfect for both staff and clients being just off the M60 motorway and has the the Trafford Centre nearby with many believing that this was Lynn’s major reason for the move.

Paul Ramsey said, “It is an exciting time for the company with our continued progression owing much to the team ethic of the staff and the excellent service and advice given to clients right across the UK.We feel our new base enables us to continue to assist our clients with their financial planning goals and mortgage needs.”




Real Financial Services on the Move

Real Financial Services will shortly be on the move to new offices at the AJ Bell Stadium.

The Directors of Real, Lynn Wallwork & Paul Ramsey are delighted to announce that as the company continues to grow they are moving to premises which fit the requirements of Real Financial Services .


The Pensions Regulator Auto Enrolment Fines Increase

The Pensions Regulator issued 576 escalating penalty notices to employers that failed to comply with auto-enrolment rules between July and September, more than 15 times the amount in the previous three months.

Between April and June, TPR handed out 38 escalating penalty notices. Employers that receive such a notice will receive a penalty of between £50 and £10,000 per day, depending on their size.

The number of fixed penalty notices given out, where employers are fined £400, increased more than four times on the previous quarter’s amount.

Between July and September 3,728 fixed penalty notices were issued compared to 861 between April and June.

TPR says the increase in penalties comes as there was a 50 per cent increase in employers reaching their deadline to comply with auto-enrolment rules.




UK economy grows 0.5% in three months after Brexit vote

UK economy grows 0.5% in three months after Brexit vote

The economy expanded by 0.5% in the July-to-September period, according to the Office for National Statistics.

That was slower than the 0.7% rate in the previous quarter, but stronger than analysts’ estimates of about 0.3%.

“There is little evidence of a pronounced effect in the immediate aftermath of the vote,” the ONS said.

The stronger than expected growth will further dampen expectations that the Bank of England’s Monetary Policy Committee will cut interest rates next week.