The Family Wealth Discussion

Posted by siteadmin on Wednesday 13th of December 2017

Does your family talk about its wealth?

It is a simple enough concept but it is more important than it may first appear. Many people can put off this conversation as it can often cause discomfort and even contention within their family and, very often, how even to bring up the subject can be a sticking point too. A conversation about family wealth leads into discussing the estate and what will happen to this estate once the elderly generation is no longer around to take care of it.

Starting the conversation can be easier and simpler than m...


5 New Year Tips for Millennials

Posted by siteadmin on Wednesday 13th of December 2017

Whether or not you’re the kind of person who sees the start of January as the time to set yourself resolutions and stick to them, the period after the excesses of Christmas and New Year is arguably one of the best times to actively get your finances into shape. Here are five great money-related resolutions it’s definitely worth committing to in order to make 2018 the year you take control of your money.

  1. Start a budget – The secret to financial security isn’t making lots of money, but sensibly managing the money you have. A budget is the b...

December Market Commentary

Posted by siteadmin on Wednesday 13th of December 2017

November was a relatively disappointing month for world stock markets, with the majority of the markets we cover in this commentary losing ground in the month: however, the largest fall was just 3% so there were no real disasters. Pride of place went to the Dow Jones index in the US, which was up by 4% in the month as the President toured the Far East, intent on doing ever more trade deals.

The big event in the UK was Philip Hammond’s first Autumn Budget, but of rather more long-term significance might have been the launch of yet another mi...


November Market Commentary

Posted by siteadmin on Thursday 9th of November 2017

What’s the saying? ‘Close, but no cigar’. That’s how it was in October as all but two of the markets we cover rose in the month. Brazil’s market did manage to stagger up by just 14 points, meaning it was unchanged in percentage terms, but the Russian stock market let the side down, falling back by 1% in October.

While the stock markets were having a good month, the Brexit talks were having – another – stagnant month. Having been to Florence in late September, Mrs May then went and pressed the flesh in Brussels, but the warm words soon gave ...


Three lessons from the retired

Posted by siteadmin on Thursday 9th of November 2017

Retirement is undoubtedly the part of your life which receives the largest amount of planning for most people, with much of your working life spent ensuring you can live where and how you want once you’ve retired. However, as with all plans, there are always going to be aspects of your retirement which don’t end up quite how you’d expected, and a few you might not have even considered until you’ve actually given up work. Here are a few key lessons learned by those enjoying retirement already:

Part-time work might not be for you – More and m...


Can you still provide for your retirement ?

Posted by siteadmin on Thursday 9th of November 2017

Postponing saving for retirement until you reach your fifties would not so long ago have been considered leaving matters far too late to put anything meaningful away for your life after work. Previous generations saw building a pension as something to do over an entire career, with contributions throughout your working life coupled with investment growth being the only way to ensure your retirement pot was substantial enough to provide for you throughout your retirement.

However, whilst the effects of compound interest still means that anyt...


October Market Commentary

Posted by siteadmin on Friday 6th of October 2017

Well, we’re still here. Despite the seemingly best efforts of the leaders of the United States and North Korea – the world is still turning. But September was a month of ‘another day, another North Korean rocket flying over Japan’ and it ended with Kim Jong-un threatening to explode a nuclear bomb over the Pacific. Small wonder that South Korea is creating a special military unit with only one aim, which does not bode well for Kim.

Meanwhile, central bankers have warned that, well… they seem to have lost $13tn. The Bank for International Se...


Do you have a forgotten pension somewhere?

Posted by siteadmin on Friday 6th of October 2017

Recent research from Royal London has found that around five million people in the UK have ‘forgotten’ pension pots from final salary schemes of former employers.

What’s more most of these deferred members don’t know the value of their benefits, thanks to a lack of communication from the providers of their old schemes. Some schemes are diligent in keeping in touch with deferred members but many don’t bother. Contact is most likely to be lost where the former members change address, without notifying the scheme or the previous employer. Many...


The pros and cons of downsizing

Posted by siteadmin on Friday 6th of October 2017

If your family has grown up and flown the nest and you’re moving closer to retiring, it’s likely that you’ve at least thought about downsizing your home. For some it can be for practical reasons, for others it might be a desire to be closer to their children if they’ve relocated. For others still it might simply be the desire for a change of scenery as they move into the next chapter of their life. But there are pros and cons to downsizing which need to be considered before you make what is always going to be a fairly major personal and fina...


Save at least 11% of your income for retirement!

Posted by siteadmin on Monday 4th of September 2017

A recent study by leading think-tank the International Longevity Centre has suggested that people should aim to save a minimum of 11% of their income in order ‘to achieve an adequate retirement income’, which is defined as 70% of the amount earned whilst working. The think-tank emphasises that this is a minimum amount and in fact recommends a figure closer to 20%, particularly for younger adults near the start of their working life. Getting into good habits to save for your retirement can be tough, but here are a few suggestions if you’re no...


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