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L&G sets wheels turning for A-Day

Confidence among homeowners has increased for the first time in eight months, according to the Woolwich consumer confidence index.

Last month’s figures indicate that 40 per cent of homeowners believe the value of their property will increase compared with 39 per cent in December.

First-time buyers are the most optimistic of price rises.

Among the 20-29 age group, 47 per cent believe their properties will continue to increase in value compared with 41 per cent of 30-39 year olds.

Yorkshire and the East of England have seen the biggest increases in confidence of 6 and 7 per cent respectively although Scotland remains the most confident region.

Head of mortgages Andy Gray says: “We have started to see a slight increase in confidence as we move towards spring, which is traditionally when people look to invest in a new property.

“It is reassuring to see that 75 per cent of homeowners believe that the value of their property will remain the same or increase, suggesting an element of stability is entering the market.”

Legal & General hopes to steer IFAs towards success in the pension market with the launch of a new video featuring pensions strategy director Adrian Boulding.

Driven to Retirement, which can be downloaded from L&G’s website, focuses on opportunities to help clients fund for maximum tax-free cash ahead of A-Day.

Boulding says IFAs should focus on clients who began a business several years ago but have not started retirement planning.

In the video, he details the way that contributions made before A-Day can attract tax-free cash much higher than 25 per cent and, in some cases, the whole fund.

The video is the second in a series aimed at providing IFAs with informed and topical commentary about the changes to retirement planning after A-Day.

Boulding says: “Starting a pension plan is not exactly a five minute job. I would like to encourage financial advisers to get going now without further delay.”

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