Cash is the most essential financial asset that is required by everyone. At Continuum, we work with market leading cash management tools, to manage your cash in the most effective way and to maximise it’s value.
The Association of British Insurers (ABI) surveyed 2,000 UK adults and estimated that around 1.6 million pension pots together worth a staggering £19.4bn are currently unclaimed. This is the equivalent of nearly £13,000 per pension pot – which would be a sizable boost for anyone’s retirement plans.
We all understand the value of cash, however holding cash in the wrong area could cost you in the long term. We run through how you can make the most of your cash.
It may well have been the basis of all British currency for more than a thousand years, but the humble penny may not be with us much longer. George Osborne came within weeks of scrapping 1p and 2p pieces when he was Chancellor back in 2015. He was only stopped by then Prime Minister David Cameron who feared a public relations disaster. Now, Mark Carney, Bank of England Governor, seems to suggest that the UK will follow countries such as New Zealand and Australia in scrapping the smallest coins.