On 1st October 2023, the McCloud remedy regulations came into force to remove age discrimination across public sector pension schemes. What is the McCloud judgment? In 2010, the government determined that the cost of public sector pension provision was not sustainable and in 2015, reforms were made to public service pension schemes, which meant some …

Santander launched their new ‘Edge Up’ current account earlier this year, effectively replacing the 1-2-3 account which is no longer available to new customers. Existing customers can still keep their 1-2-3 account if they wish, but it is worthwhile to check whether switching to the new Edge Up account will be more beneficial. The Edge …

A Private Members’ Bill to help millions save more into their pension and start saving sooner has cleared Parliament and been granted Royal Assent. The changes reduce the minimum age for being automatically enrolled into a pension from 22 to 18 and remove the lower qualifying earnings threshold to enable pension saving from the first …

Eldon welcomed Ellie Boylan as a new addition to the administration team last Monday. Below is a short introduction from Ellie: “Upon leaving school in 2020, earlier than expected due to the COVID-19 pandemic, I decided my goal was to pursue a career in Financial Services. I secured an apprenticeship at a wealth management company …

Paraplanner Tom has now gained his Diploma in Financial Planning. Tom started his studies when he first joined Eldon in November 2021, gaining the Diploma in just under 2 years. Considering he has become a father and a husband in that time too, this is a fantastic achievement! Tom is now working towards the Advanced …

With Artificial Intelligence (AI) seemingly in the news every day, it is no surprise that developments in this area are under scrutiny. Ernst & Young partner, Saby Roy, quoted that ‘the entire world is in a discovery phase right now’, with every industry looking to branch out into AI technology in some way or another. …

In June, The Office for National Statistics (ONS) announced the Consumer Prices Index (CPI) rose by 7.9% compared to the previous year. This is down from 8.7% in May which reflects a ‘slowdown’ in the annual rate between May and June. As inflation is beginning to slow, it is expected that future increases to UK …

Gemma’s been out and about recently at the local St Francis Junior school in Newton Aycliffe as part of their brilliant Believe & Achieve Day. The day was a huge success for all and saw Gemma talking with students about Financial Planning as a career option, skills needed, pathways into it, and her own career …

We are extremely proud of our ‘skydiving team’ who successfully completed their 15,000ft skydives at Shotton Airfield on the morning of Sunday 25th June. A huge thank you to the team at SkyHigh Skydiving who kept them all safe and to each and every one of you who has sponsored them. Eldon will be matching …

Individuals wishing to maximise their State Pension entitlement are able to purchase credit for missing years by making voluntary class 3 National Insurance (NI) contributions and the government is now giving people more time to make these contributions. When the ‘new’ State Pension was introduced, transitional arrangements were put in place to allow people to …