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October Newsletter

Welcome to our October newsletter. In this issue we look at critical illness insurance as product of the month. Where kids eat for free or just £1 this half term. Five money management rules to live by and why and when the clocks go back.

Product of the Month

Critical illness – the heart of the matter

It’s a testament to modern medicine that a whopping 70% of people in the UK who suffer a heart attack now live to tell the tale. Of course this is an encouraging statistic and many go on to find a new lease of life after the initial trauma. And it’s precisely this that makes critical illness insurance more vital than ever.

After living through a heart attack, many people’s lives are irrevocably changed, so it’s hard to overestimate the reassurance of knowing that financial support is at hand. It can ensure that mortgage payments are covered if you’re not well enough to return to work, provide money for childcare and potentially give you a lump sum to live off while you’re unwell.

Cover for heart problems is the cornerstone of a critical illness policy

More statistics from the British Heart Foundation show that every three minutes someone has to visit a hospital due to a heart attack, and over half a million people alive in the UK today have been diagnosed with heart failure. Couple this with the fact that over a quarter of all deaths in the UK are due to heart and circulatory diseases and you start to see just how prolific heart problems are.

There is no denying that these facts are frightening, but the survival rates I mentioned above and the help provided by critical illness cover offer much more encouragement. Heart problems can make up a quarter of all the claims that some providers pay out for on critical illness policies.

Cover for the family too

For parents, it’s not just their own health that could impact their ability to work and earn income. Statistics from the British Heart Foundation show that 12 babies are diagnosed with a heart defect every day. Of those babies, 8 out of 10 will survive to adulthood, which is obviously wonderful news but the treatment may require parents to take extra time out to care for their child.

Once again, this can put a strain on finances and the best type of critical illness product will also cover the policy holder’s children, reducing the need for parents to choose between providing for their family financially or being there physically to care for a child.

Support is about more than just money

Although so far, I have only touched on the physical aspects associated with having a heart problem, they can massively impact on someone’s mental health too.  Providers (ourselves included) have teamed up with support services such as RedArc. These types of services can come as standard as part of a comprehensive package and can provide practical advice and therapies to help with recovery and also emotional support and counselling to heal any mental scars.

In the case of Old Mutual Wealth, we also support the fantastic Wessex Heartbeat charity, who provide Heartbeat House; a place for the relatives of heart attack sufferers to stay if they have to travel long distances to visit them in hospital.

Cover that goes beyond a claim

Finally, I want to mention the cover reinstatement option. Good policies offer the chance to buy further cover even after a claim, and without the need for further medical questions – a valuable reassurance that support will still be there to alleviate at least some of the concern about suffering a further attack.

Ultimately, the main benefit of a critical illness policy for someone with a heart problem is some financial breathing space. This can then help them concentrate on recovery and hopefully end up being part of the 70% of people who survive a heart attack and find that new lease of life.

Manchester restaurants where kids eat for free or just £1 this October half term 2018


Manchester restaurants where kids eat for free or just &1 this October half term 2018

It's not cheap to eat out with the kids but these places have made it a little bit easier

Turtle Bay

There are two Turtle Bays in Manchester city centre and both are letting kids eat for free this half term.

It's Caribbean themed, but the kids' menu - which has just been revamped - accounts for the fussiness of many little ones, so there's no big spices going on.

There are dishes for Tiny Turtles and Bigger Turtles, with the choice of a main course, side and drink, usually costing &5.95, or &7.25 respectively.

Dishes include healthy bites like grilled chicken with lemony rice, fresh avocado turtle wraps, sweetcorn fritters, and flat bread pizzas.

Bigger Turtles can opt for slightly bigger, more grown up options including a quarter jerk chicken and sunshine quinoa, chicken and cheese toastie with Caribbean slaw or crispy squid with fries.


For pudding they can choose from healthy fresh tropical fruit selection or the salted caramel fudge brownie – or there’s the halfway house treat of two good old scoops of vanilla, coconut or vegan chocolate ice cream.

And to keep the kids busy while they wait for their food, they each get a 'Cool Caribbean Fun Book' and at the Oxford Street site there's also a games area with everything from table football and board games to giant Connect 4.


The offer runs from now until November 2. Book online .

Turtle Bay Manchester NQ, 46-50 Oldham Street, Northern Quarter, M4 1LE

Turtle Bay Manchester, 33-35 Oxford Street, Manchester, M1 4BH.



Giraffe is on the first floor of the Trafford Centre in The Orient and there's a great offer running across half term.

OK, it's not quite free, but for every main course ordered by an adult, one child gets a main, dessert AND a drink for just &1.

The offers runs every day from now until November 4 and and there are plenty of options to choose from including pasta, burgers, wraps and quesadillas.

The choice of drinks is varied compared with other venues and includes smoothies and milk as well as the usual juice.

And you can't go wrong with the choice of kids' desserts including tasty churros, chocolate brownie, ice cream and strawberry and banana lollipops which come with a pot of chocolate dipping sauce.

Visit the website to get your voucher for the offer. One voucher per group of six.

Giraffe, 136 The Orient, intu Trafford Centre, M17 8EH.

Bella Italia

Children can get a three-course Piccolo or Grande meal for just &1 with the purchase of every adult main meal at Bella Italia restaurants over the school holidays.

The Piccolo mains are aimed at children aged two to six years, with the Grande for seven to 11-year-olds.

The kids' menu includes dishes such as cheesy calzone with ham and chicken and Insalata Italiano - little gem lettuce, tomato, cucumber, roast chicken and croutons in a creamy dressing.

The award-winning menu also includes drinks with free refills on squash giving families even better value for money.

This includes both still or fizzy water, a wide range of flavours and rather funky straws which the kids get to take home.

Get a code for your kids eat free deal here . It's valid every day until October 26. One code per table and a maximum of three free kids' meals per table.

Café Football, Old Trafford

Kids can enjoy a full Café Football dining experience for free this half term.

The offer, which runs from now until November 4, includes one kid's meal free with the purchase of an adult meal.

They'll get a main course, a soft drink or kid's shake and a visit to the sweet shop.

Book your table at www.cafe-football.com . Offer valid for children 12 and under.

Café Football, Sir Matt Busby Way, Stretford, Manchester, M17 1WS.

Las Iguanas

Kids eat free with a child's meal for every adult meal ordered from the a la carte menu.

The Kids’ Menu features well-loved mains such as Wacky Tacos, Crazy Quesadilla, cod bites and crispy chicken.


Kids' desserts include fresh fruit, wobbly raspberry jelly and the Latin speciality Churros, a donut made for dunking into a chocolate dip.

Drinks are included in the deal with a 'bottomless squash' option of blackcurrant or orange.

If you've got a tiddler with you, then there is FREE baby food and restaurant staff will happily warm bottles for you too.

The offer applies to all branches, including those on Deansgate and at intu Trafford Centre.

Kids get an activity sheet and there are a selection of 'Iggy and friends' toys to collect.

The lunch menu is not included in the deal. Tables can be booked online .

Las Iguanas, The Great Hall, Trafford Centre, M17 8AA and 84 Deansgate, Manchester, M3 2ER.


Cafe Rouge

A kids eat for &1 deal is also running at Cafe Rouge.

Children's mains range from fish cakes or chicken fillets to 'bangers et mash' and 'le burger'.

The offer is running from noon every day until November 4. Download your voucher online .

Lowry Outlet, Salford Quays, M50 3AZ.

intu Trafford Centre, 137 The Orient, The Centre, Manchester, M17 8EQ .


Kids also get to eat for a pound at the popular Carluccio's this half term.

Children aged 10 and under can make the most of the offer with every adult main served between noon and 5pm.

Show this offer to a member of staff when making your order.

There are restaurants in Hardman Square, Spinningfields; Great Hall, Trafford Centre and on the first floor of Piccadilly Station. Book here.

Pier 8 Restaurant and Bar, The Lowry

Kids get a free dessert with every child's meal ordered at The Lowry's Pier Eight Restaurant and Bar during every school holiday.

Lowry-themed colouring and activity sheets are also on hand to keep the little people busy while you wait.

The offer is on throughout the school holidays and whenever there is a children’s performance.

Pier 8, Salford Quays, M50 3AZ.

Five money management rules to live by

Five money management rules to live by


Make life simple, do these things and your everyday money should look after itself. Mostly


Money management in the 21st century is a noisy business.

Everywhere you look, everything you read, the advice on how to look after your assets seems complex and contradictory.

And yet the stakes are increasingly high. Get it wrong, fail to act, have faith in the wrong businesses or people and you’ll lose your money we’re frantically told. 


Scams abound, stock markets are jittery and the financial products we think we can rely on have small print exemptions that require you to be an expert to successfully interpret. 

But if you step back from all that, as well as the PPI claims adverts, funeral plan free gifts and shouty social media millionaires promising to show you how they make thousands of pounds a minute from a lilo in their pool, the best advice consistently boils down to a few key rules. 

Here they are. 


Assume nothing

New research from Which? this week, suggests thousands of people could be due additional PPI compensation because their bank only checked the policies the customer named in their claim, rather than everything in their name. 

Then there’s the news that banks will finally be checking the name of the payeewhen you make a transfer to ensure the details all match up – in other words making sure that you haven’t hit a single digit incorrectly and instead of sending cash to your beloved six-year-old niece in Wolverhampton, you’re unwittingly boosting the current account of a 40-something telecoms engineer from Edinburgh. 

The correct response to these developments is, of course: “Why isn’t this already happening?”

But there are thousands of common sense gaps like this across the endless number of financial, business and government processes that we interact with throughout our lives.  

Assume nothing can be left to some vague notion of communal common sense in any transaction, application or complaint. Check everything, then check it again. Keep a record of any important to-ing and fro-ing you have to make, including dates and times of calls or meetings, who you spoke to and what you discussed. And follow up with everything. Just in case.

Assumption goes both ways though. Billions of pounds worth of benefits goes unclaimed every year, for example, often because people simply believe they’re not entitled to them. Be sure before you make decisions based on what you believe is the case. 


Take your time

As the Financial Conduct Authority rolls out new adverts in its war against pensions scammers this week, the most pertinent advice for anyone making a financial decision – prompted by others or not – is to slow everything down. 

Most of us aren’t city traders who have to make split-second decisions on a minute-by-minute basis, so regardless of how much pressure we feel under, there are, in fact, very few occasions when we have to make a snap choice. 


As more and more people become victims of fraudsters who often use pressure techniques to panic people into making snap decisions, the authorities regularly urge consumers to step back and think carefully about whether they’re being told the truth. 

Nor are these “act now” messages restricted to illegal activities, as you’ll know if you’ve ever shopped for, well anything. From financial providers to auction sites, clothes to holidays, we are constantly bombarded by those trying to cash in on our &1.06bn impulse spending habit every year.

Don’t fall for it. There are virtually no genuine retail finance decisions that have to be made by consumers that fast. 


You’re in the position of power – with fraudsters, with salespeople and with financial providers. Use it by stepping back and assessing the situation objectively and rationally. The world definitely won’t end while you do. 


Take control 

But that doesn’t mean it pays to do nothing either. (Unless you’re an investor with twitchy fingers wondering if you can “time” the stock market and make an extra few pounds. You can’t.) 

Yet more data out this week shows the cost of personal finance “paralysis” costs UK consumers almost &19bn every year. 


Not switching to a more competitive mortgage rate costs us &2.5bn a year, failing to consolidate credit card debts leaves us &10.5bn worse off and leaving personal loans where they are brings with it an unnecessary bill of &5.7bn.

Overwhelmed by choice, the research from fintech lending platform Freedom Finance found it takes an average of 21 minutes for a consumer comparing personal finance options to feel overwhelmed by the process and give up. 

A quarter of consumers said a fear of missing out on “a better deal out there” has stopped them from making important personal finance decisions. 


Don’t give up. It pays to persevere.


Keep track

It sounds obvious, but huge swathes of society are losing their own money because they can’t find their policies and accounts or the organisations can’t find them. 

Last month, we reported that the government is struggling to track down millions of child trust fund recipients because their addresses are out of date. 

Fears are also growing over the fraud risks to the consumer bank balance when we move house and fail to change our details.  


Around seven million people admit to losing track of their finances, NS&I has warned this week.

And now, research by the Pensions Policy Institute for the Association of British Insurers has discovered that about &19.4bn worth of pension savings have been lost – roughly &13,000 per pot.  

“Losing track of &13k sounds like a pretty challenging thing to do, but it’s worryingly easier than you think when it comes to pensions, particularly, for the current working generation who are switching jobs frequently and likely to be auto-enrolled into a company scheme each time,” warns Jon Greer, head of retirement policy at Quilter.

“It’s important to keep track of your pensions, but even if you don’t, all is not lost. One of your first steps as you approach retirement should be to track down all your pension funds. The government provides a free online pensions service, which allows you to search for lost workplace pensions or a financial adviser can help. 


“Once you’ve tracked down all your funds you should consider whether it is worth combining all your pensions into a single plan. This may provide you with a clearer picture of how best to plan for the rest of your retirement; means you only have to manage one pot rather than several and may also mean your fees are lower.”


Be responsible

We don’t mean to come over all Daily Mail on this one, but it is clear that the level and scope of state support is migrating permanently towards a new leaner model. But our expectations are not going with them.

When it comes to retirement and social care in particular, endless pieces of research show a huge discrepancy between what we expect the state to provide, the quality of life that provision will give us, and how much we need to have saved ourselves to live the life we look forward to after working. 


Most of us believe &100,000 in retirement savings should do it and more than a fifth of adults believe they only need up to &50,000 for their pension pot, totalling approximately &3,333 a year, according to the latest data from personal finance comparison site, finder.com, out this week.

That’s dramatically below the recommended pension pot required for a comfortable retirement. 

As the current state pension sits at just &8,767.20 per year, the recommended pension pot is from &260,000 to &445,000, depending on whether you’ll still be renting or paying a mortgage in retirement. 

If you want financial security these days, you’re going to have to pay for it. 

Feel free to stamp your feet over generational inequality or the shortcomings of the welfare state all you like, but put as much cash aside as you can in the meantime or revise down your big retirement dreams.

Why and when do the clocks change in October 2018?


Why and when do the clocks change in October 2018?

Do the clocks go forward or back and what times do the clocks change when British Summer Time ends?


It's that time of year again when nights start getting darker and the clocks go back later this month.


After a glorious summer winter will soon be upon us as we look forward to the build-up to Christmas.

And with the number of daylight hours getting shorter it's not long before the clocks change from British Summer Time to Greenwich Mean Time.


This change happens in the last weekend of October every year in the UK and in 2018 will be in the early hours of Sunday, October 28.

The clocks will go BACK one hour at 2am. We move from BST to GMT, meaning we will be an hour behind. So, we get an hour extra in bed on the Sunday, but lose an extra hour of sunlight in the evening for the next five months.


If you’re still unsure as to which way the clocks go, the easiest way to remember it is probably ‘spring forward, fall back’, although we obviously call it autumn in the UK, not fall.

Why do the clocks go back?

Benjamin Franklin first had the idea to chance the clocks while he was in Paris in 1784. He suggested that if people got out of bed an hour earlier they'd get extra daylight.

However it wasn't something that was properly introduced in the UK until 1916. It had been discussed a number of years before by the government but many people opposed it the first time around.


Clocks go back in...


A man called William Willett wrote a whole pamphlet about it in 1907 called 'The Waste of Daylight' about how people wasted valuable hours of light during the summer.

He was also a keen golfer and would become rather annoyed when it got too dark for him to continue playing in the evening.

Sadly he died in 1915, a year before it was introduced in the UK.

Will my phone update automatically?

As for technology, as long as your phones are connected to the internet via 4G or WiFi then the time will change on them automatically. They should change at 2am on Sunday, October 28, by going back one hour.


When do the clocks go forward again?

The clocks will not change again until March 31 2019, then the clocks move forward again for British Summer Time.

By March the nights will have drawn out a fair bit already but during December the UK gets as little as seven hours and 40 minutes of sunlight each day.


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