Join Digital Content Manager Kimberley Dondo as she speaks with Shelley Read, Senior Protection Technical Manager at Royal London, on everything income protection (IP). Shelley answers key questions: What exactly is IP? Why is it critical for financial resilience? And how can advisers ensure clients are properly covered? From navigating underwriting to understanding client needs, this episode covers practical guidance for advisers on IP and reducing the risk of unpaid claims. In association with Royal London, tune in to explore how IP can safeguard lifestyles against income loss.

And if you’d like any further resources or support to help grow your business and deliver value for your clients, visit: adviser.royallondon.com/PeoplePowered

IT’S a real chore parting with hard-earned cash for everyday household essentials.

But there are ways to stop these items from cleaning out your wallet.

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Here’s how to save on life’s more mundane purchases . . . 

BULK UP: It is usually the case that buying more of an item will reduce the overall cost per unit creating savings for you. For example, a 16-pack of toilet roll usually has a lower cost per roll than when you buy a four-pack.

Get into the practice of looking at the unit cost of an item rather than the price to help compare the true value of pack sizes. You can also save five per cent by buying in bulk at Wilko.

Selected toiletries, sanitary and cleaning products are included in the offer but the amount you need to buy varies by item. In some cases you need to buy six-packs to qualify whereas others it can be eight.

REFILL: If you buy cleaning products that come in spray bottles, look to keep the original packaging and buy a cheaper refill when finished.

For example, Tesco’s antibacterial cleaner refill is 75p which can be used to fill any old spray bottle you have.

SUBSCRIBE AND SAVE: You can save by signing up for repeat deliveries through Amazon.

This is also a useful way of squeezing out extra value if you’re too short on space to bulk buy. To unlock up to 15 per cent off prices of items you will need to schedule five or more deliveries or you can get ten per cent off with up to four repeat orders.

The service is available on a wide range of items including pet food and fizzy drinks, as well as household essentials.

THE PRICE IS RIGHT: It can be worth buying more of an item when it’s on a special offer and keeping it stored away, rather than buying simply when you run out, especially if it is an item that is rarely discounted.

• All prices on page correct at time of going to press. Deals and offers subject to availability.

Deal of the day

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MAKE a splash with these sausage dog mid-wellies, down from £45 to £25 at The Original Factory Shop (tofs.com).

SAVE: £20

Cheap treat

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TRY Holy Moly’s new range of sauces and dressings, including peanut satay and smoky chipotle. They are £1.50 at Sainsbury’s with a Nectar card, down from £2.20.

Top swap

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KEEP your hands toasty with these sheepskin mittens, £45 from John Lewis. Or let less cash slip through your fingers by buying the Primark mitts, £5.50.

SAVE: £39.50

PLAY NOW TO WIN £200

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Every month we’re giving away £100 to 250 lucky readers – whether you’re saving up or just in need of some extra cash, The Sun could have you covered.

Every Sun Savers code entered equals one Raffle ticket.

The more codes you enter, the more tickets you’ll earn and the more chance you will have of winning!

Good morning and welcome to your Morning Briefing for Wednesday 6 November 2024. To get this in your inbox every morning click here.

One Four Nine makes 10th acquisition

Financial advice and investment management firm One Four Nine Group has acquired Nottingham-based Castlegate Capital, marking a “crucial step” in its growth journey.

The deal is the 10th acquisition for One Four Nine Group and the first of 2024 following a significant period of focus to integrate all firms into the business fully.

The launch in late 2023 of One Four Nine Wealth was an important moment for the evolution of the business.

MM Meets… Unbiased founder and chief executive Karen Barrett

When I enquire of Karen Barrett what she likes doing outside work, her answer is somewhat surprising: “I love knocking down walls,” writes MM editor Tom Browne.

This, it turns out, is part of a wider interest in property renovation, but her response makes a change from ‘socialising with friends’ or ‘going to the cinema’. Then again, there’s a lot about Barrett that makes her stand out.

The founder and chief executive of Unbiased, the UK’s leading platform connecting people to financial advisers, oversees a business that works with more than 27,000 advisers and manages over £80bn in assets.

Why income protection matters for clients

Join digital content manager Kimberley Dondo as she speaks with Shelley Read, senior protection technical manager at Royal London, on everything income protection (IP).

Read answers key questions: What exactly is IP? Why is it critical for financial resilience? And how can advisers ensure clients are properly covered?

From navigating underwriting to understanding client needs, this episode covers practical guidance for advisers on IP and reducing the risk of unpaid claims.

Quote Of The Day

While over the long-term US elections have had a minimal impact on stock markets, investors will likely see a Trump presidency as a positive for the share prices of many of America’s companies.

– Lindsay James, investment strategist at Quilter Investors, comments on the news that Donald Trump has been elected as President of the US.

In Other News

A two-decade long freeze on the inheritance tax (IHT) allowance could cost families almost £250,000 by the end of the end of the chancellor’s tax threshold freeze, analysis from AJ Bell shows.

The main IHT exemption, the ‘nil rate band’, has been frozen at £325,000 since 2009. Amounting to £650,000 for a married couple, assets under this threshold incur no IHT.

However, the limit last increased in 2009 and isn’t due to be lifted until April 2030, with Rachel Reeves extending the IHT threshold freeze at last week’s Budget.

Although a new exemption, the ‘residence nil rate band’ (RNRB), introduced from 2017 means a married couple can leave a combined total £1m tax free if they leave a property to their ‘direct descendants’, AJ Bell’s figures show that the overall IHT threshold would actually be higher had the main nil rate band simply been linked to inflation and the RNRB were never introduced.

The nil rate band indexed to inflation would stand at almost £555,000 by 2029/30, meaning a couple could pass on an additional £110,000 tax free. It means tax bills could be £44,000 higher per family as a result.

But if both the nil rate band and residence nil rate band were indexed to inflation the combined total would stand at nearly £1.6m, knocking up to £234,000 off IHT bills.

Tesla and US bank stocks jump and renewables slump (Financial Times)

Brazil set to double pace of interest rate hikes amid fiscal woes (Bloomberg)

UniCredit CEO pushes merger credentials as it outperforms Commerzbank (Reuters)

Did You See?

Advisers have expressed concerns over insurer service levels – with 28% believing they have worsened in the last two years.

The results were revealed in the Association of Mortgage Intermediaries’ latest protection report.

It found that the speed of underwriting is advisers biggest problem, with 58% raising this as an issue.