Many people underestimate the damaging effects of low interest and high inflation on their cash savings. A continued period of low interest rates on cash savings and rising inflation could pose a real risk to savers in 2022, even if the Bank of England (BoE) moves to increase interest rates further in the coming months. Savers with large amounts of money sitting in cash should not be lulled into a false sense of security if Read more…
Welcome to our March/April 2022 magazine. Inside, we look at why now is the time to make sure you protect your wealth. The word ‘inflation’ had barely featured in the market’s vocabulary in the last three decades until it suddenly started to come back with a vengeance in 2021. As higher inflation looks set to persist throughout 2022, on page 09 we consider why finding ways to generate a return on investments greater than inflation Read more…
With the shocking and sad news that Russia has invaded the sovereign country of Ukraine, investors are experiencing a time of market uncertainty and volatility. Negative shocks are a part of long-term investing, and it is worth remembering that taking some risk has historically been the only way to beat the effect of inflation. Reasonably, investors may consider in times of uncertainty what action is being taken by the investment managers of their portfolios and Read more…
Welcome to our latest edition. Inside, we look at New Year’s tax saving resolutions to make sure you are fully utilising your relevant tax planning opportunities. With the tax year end (5 April) on the horizon, taking action now may give you the opportunity to take advantage of any remaining reliefs, allowances and exemptions. On page 08 we have provided some key tax and financial planning tips to consider prior to the end of the Read more…
Last month the consumer price index (CPI), a measure of inflation, rose to 5.1%. This was higher than expected and it has not been higher since September 2011. The Bank of England decided today that the Bank Base Rate will increase to 0.25% which was something of a surprise but indicates a desire to help curb inflation. This is still a very low rate by historical standards and Banks and Building Societies can be slow Read more…
Welcome to our November/December 2021 magazine. This issue was written prior to the Chancellor of the Exchequer, Rishi Sunak, presenting the second UK Budget of 2021 on Wednesday 27 October. We will look at the key announcements included in the Chancellor’s red box in the next issue. Inside, ‘How can I protect my money from inflation?’ is a question that many people may be asking themselves right now. In the current economic climate, rising inflation Read more…