Investment market update: August 2020
Once again, Covid-19 and lockdown issues continued to influence the market. But signs of a recovery are beginning to emerge, however, risk remains, and investors should expect uncertainty over the coming months. Chief economic adviser to Allianz, Mohamed El-Erian has warned the world’s largest economies are risking repeating the mistakes of the 2008 financial crisis.
Does market volatility affect your pension choices?
If you’re retiring this year, you may be worried about what the market volatility caused by Covid-19 means for your options. The good news is that Pension Freedoms, introduced in 2015, means you can choose how and when you access your retirement savings. Market volatility may have affected the value of your pension but that
How to improve your investment knowledge
The vast majority of investors want to improve their knowledge. In fact, according to research from Schroders, 97% of investors want to boost their personal finance know-how. While a third wanted enough knowledge to comfortably make their own decisions, almost half wanted enough to be able to probe the advice they’re given. A further 17%
UK’s biggest pension fund divests from fossil fuels, what does it mean?
The UK’s biggest pension fund, Nest, is beginning the process of divesting its huge portfolio from fossil fuels. But what does that mean and why is it making the change? Nine million pension savers use Nest to build a retirement fund. It handles the retirement savings of many workers that have begun saving under auto-enrolment.
Is your business protected with a Lasting Power of Attorney?
When we discuss financial planning, ensuring long-term security for you and loved ones is often a priority. But for business owners, they also need to ensure they protect their firm in the event of something happening to them. If you haven’t already taken steps to name a Business Lasting Power of Attorney, it’s something you
