Enable, IFA's in Bishop's Stortford realise why it is important to start Life Planning when you are young, as it will give you more choices later on. By thinking about Life Planning early will help you to focus on making financial changes where you can to enable you to achieve what you would like to in your life, whether it’s saving up to buy a nice car, buying a home or a second home, or what ever you want to achieve. That’s the great thing about Life Planning it’s flexible and it can grow and change with your needs.
When looking at Life Planning Enable can look at the small changes you could make to your life style now. Here are some examples of some of the things we will cover during our life plan:
• Cutting down on expenses - By buying a free sat box, you could save yourself over £180, after your initial investment in the first year and then £240 from there after, over 20 years that would give you an extra £4,800.
• Reducing and combining your utility supplier could also save you thousands over several years.
• If you have a goal in mind we can help you with investments and savings to enable you to achieve this goal.
• Getting yourself through University with the least amount of debt at the end of your studying, or putting in place a plan to enable you to pay back the debt in the best possible way to meet your lifestyle.
We will help you to get into good habits early on, which will make the difference to how much money you and life choices later on.
For an initial consultation, please call one of our IFA’s in Bishop’s Stortford, and we will be able to offer you advice on every aspect of your life planning.
Wednesday, 19 December 2012
Life planning – is a flexible approach to financial planning
Enable, IFA's in Bishop's Stortford are aware that since the recession of 2008-2009, most of us are now considering working forever, rather than life planning which can help you to achieve what you want to have or do in life, but it doesn’t have to be this way.
Life planning offers a flexible approach, unlike traditional financial planning it helps you to save for things you really want or want to achieve, and with a bit of planning might be more possible than you think.
Traditional Financial Planning was about figures and money, only taking into consideration how much you earn, to work out how to maintain a desired lifestyle. This then enabled Financial Planners to produce a plan that would help you reach that magic number that would allow you to retire.
However life planning will help you to achieve what you would like to do, whether it’s starting a new career path or paying for your children’s university, Enable IFA’s will help you to make a flexible life plan. A plan that will grow and adapt to your changing needs as you go through life. If you would like more information on how you can create your life plan, then give one of our specialist IFA’s in Bishop’s Stortford a call on 01279 755950.
Other related stories:
Why it's important to start your life planning early on?
Life planning offers a flexible approach, unlike traditional financial planning it helps you to save for things you really want or want to achieve, and with a bit of planning might be more possible than you think.
Traditional Financial Planning was about figures and money, only taking into consideration how much you earn, to work out how to maintain a desired lifestyle. This then enabled Financial Planners to produce a plan that would help you reach that magic number that would allow you to retire.
However life planning will help you to achieve what you would like to do, whether it’s starting a new career path or paying for your children’s university, Enable IFA’s will help you to make a flexible life plan. A plan that will grow and adapt to your changing needs as you go through life. If you would like more information on how you can create your life plan, then give one of our specialist IFA’s in Bishop’s Stortford a call on 01279 755950.
Other related stories:
Why it's important to start your life planning early on?
Shop Price Inflation Slows...
Good news as inflation slowed in September from 1.1% in August, however food inflation remained unchanged at 3.1% in September, according to the British Retail Consortium.
Stephen Robertson, BRC Director General, stated “Falling prices for non-food goods and stable food inflation are slowing overall shop price rises.
“Food inflation remains at a two-year low for the third month running despite inflationary pressures building up in the supply chain from rises in global commodities such as wheat and soya beans.”
“These shop price figures show retailers are holding back much of the impact as they battle it out for every bit of spending available from hard-up customers. Promotions, including multi-buy offers, fuel coupons and price matching are commonplace and helping to keep grocery bills down while non-food prices have now been cheaper than a year ago for eight months in a row as prices of furniture, electricals and clothing are cut to generate sales.”
Stephen Robertson, BRC Director General, stated “Falling prices for non-food goods and stable food inflation are slowing overall shop price rises.
“Food inflation remains at a two-year low for the third month running despite inflationary pressures building up in the supply chain from rises in global commodities such as wheat and soya beans.”
“These shop price figures show retailers are holding back much of the impact as they battle it out for every bit of spending available from hard-up customers. Promotions, including multi-buy offers, fuel coupons and price matching are commonplace and helping to keep grocery bills down while non-food prices have now been cheaper than a year ago for eight months in a row as prices of furniture, electricals and clothing are cut to generate sales.”
Tuesday, 11 December 2012
New car sales up 12% in October
Good news on the motoring front as October saw UK new car registrations rise by 12.1% to a total of 151,250 and Ford’s renowned model the Fiesta maintaining its long-held position as the UK’s best-selling car, selling 8,058 units in October, for a year-to-date tally of 97,000, helping Ford to 13.7% of the market.
These buoyant figures announced by the Society of Motor Manufacturers and Traders (SMMT) bring the 2012 sales total to 1,771,861 cars so far, which itself is a 5% increase on the previous year. The SMMT, hopefully, believe that 2012 will see a total of 2 million units sold, against their July forecast of 1.97 million.
The effects of austerity have impacted on the buying habits of the UK motorist with more people looking for smaller, more fuel efficient cars and those attracting the lower annual road taxes.
The ‘Mini’ segment of the market grew by a massive 52% across the year and the even smaller ‘Superminis’ segment grew by 5%. So between them, these segments account for 40% of the marketplace.
There was also a marked increase in people buying alternatively fuelled vehicles (AFVs) with interest shown in fully electric and hybrid/electric models. This segment of the market saw growth so far in 2012 of 13%, although it still represents only a tiny 1.5% of the market.
Much of this interest could be attributed to the fact that under the government’s ‘Green’ initiatives, these cars attract no annual road tax and their users do not have to pay local congestion charges.
Very good news then for the UK, although across the wider European market, most manufacturers have seen retrenchment in sales, with Ford reporting their lowest sales in the region for 20 years.
These buoyant figures announced by the Society of Motor Manufacturers and Traders (SMMT) bring the 2012 sales total to 1,771,861 cars so far, which itself is a 5% increase on the previous year. The SMMT, hopefully, believe that 2012 will see a total of 2 million units sold, against their July forecast of 1.97 million.
The effects of austerity have impacted on the buying habits of the UK motorist with more people looking for smaller, more fuel efficient cars and those attracting the lower annual road taxes.
The ‘Mini’ segment of the market grew by a massive 52% across the year and the even smaller ‘Superminis’ segment grew by 5%. So between them, these segments account for 40% of the marketplace.
There was also a marked increase in people buying alternatively fuelled vehicles (AFVs) with interest shown in fully electric and hybrid/electric models. This segment of the market saw growth so far in 2012 of 13%, although it still represents only a tiny 1.5% of the market.
Much of this interest could be attributed to the fact that under the government’s ‘Green’ initiatives, these cars attract no annual road tax and their users do not have to pay local congestion charges.
Very good news then for the UK, although across the wider European market, most manufacturers have seen retrenchment in sales, with Ford reporting their lowest sales in the region for 20 years.
Latest market news....
Positive sentiment from the eurozone, with Greece receiving the promise of its hoped for bail-out funds, saw the London FTSE100 gain 1.45% to close the month on 5,866.8 and the wider FTSE250 finishing on 12,034.2 for a more modest rise of 0.83%. In mainland Europe, the Eurostoxx 50 likewise gained 2.86% to finish at 2,575.25.
With the American Presidential elections successfully put to bed, with Mr Obama being returned for a second term, he now has to turn his attention to the possible fiscal cliff threatening the USA’s government finances, the Dow Jones therefore marked time, finishing November on 13,025.58, down a modest 0.54%. The Nasdaq faired a little better, closing on 3,010.24 up 1.11%.
The Japanese Nikkei 225 had a strong month, recording a 5.8% gain to close on 9,446.01. As always, the foreign exchanges tracked the global political and fiscal situation carefully with UK sterling closing at US$1.60, little change on the month, whilst against the Euro it finished the month at €1.23, down 1.6%, reflecting the better sentiment seen regarding the southern European sovereign debt issues. The Euro itself finished the month at US$1.30.
Oil saw little change in November with the Brent Crude benchmark ending at $109.51 up a marginal 0.75%. Gold had a volatile trading month with the precious metal dipping to $1,705.63 at one point, only to bounce back to finish November on $1,742.05, for an eventual monthly gain of 1.9%.
Marekets: (Data compiled by The Outsourced Marketing Department)
Surprise choice for new Bank of England Governor...
In a surprise announcement by the Chancellor of the Exchequer, George Osborne, Mr. Mark Carney has been named as the new Governor of the Bank of England.
He will be taking over from Sir Mervyn King in June 2013. His tenure will be for a period five years, at a salary of over £600,000 a year. Mr Carney is 47 years old and has both strong academic and business credentials. Educated at Harvard and Oxford, he is currently the Governor of the Bank of Canada where he has been in place for the last 5 years, successfully steering the Canadian economy through the recent global financial crisis. He is also the Chairman of the global Financial Stability Board.
Prior to that he spent 13 years with the investment bank Goldman Sachs and boasts close links to the UK, having a British born wife, with his two children holding joint Canadian and UK citizenship.
Sir Mervyn King said of the appointment that he represented: “a new generation of leadership for the Bank of England, and is an outstanding choice to succeed me.” Given that the position of Governor is one of the most crucial positions to manage the UK economy, Mr Osborne reporting to Parliament said that he would bring the: “strong leadership and external experience the Bank needs”
He went on to add that Mr Carney was recognised as “the outstanding central banker of his generation” and that as Governor of the Bank of Canada he was “acknowledged to have weathered the economic storm better than any other major Western economy.” In acceptance of his new role, Mr Carney said he was: “honoured to accept this important and demanding role” at a “critical time for the British, European and global economies.”
This is part of our monthly economic review is intended to provide background to recent developments in investment markets as well as to give an indication of how some key issues could impact in the future. It is not intended that individual investment decisions should be taken based on this information; we are always ready to discuss your individual requirements.
Tuesday, 4 December 2012
EU draft proposals branded as ‘wild and hopelessly naïve’ by the market…
EU Politician proposals to treat the sovereign of debts of their countries as a special case subject to credit rating reviews, has been branded ‘wild’ and ‘hopelessly naïve’ by the market.
Draft rules to hinder credit rating agencies from having a negative impact of downgrading countries, include restricting them from issuing updates on sovereign debt to three pre-agreed dates a year.
Georg Grodzki, head of credit research at Legal & General Investment Management, said the restrictions could have the opposite effect: “The rules are hopelessly naïve, and it doesn’t do the European Union’s reputation any good in global financial markets.
I’m disappointed that politicians show such little understanding about how markets work and what credit opinions are about.”
Martin O’Donovan, deputy policy and technical director at the UK’s Association of Corporate Treasurers, said that “We could end up with a false market developing.”
If you have any concerns about any of your investments in the EU, then why not give your local independent financial advisors a call, and we will work through to achieve the best option for you.
If you are looking for a place in the sun, Ibiza could be the next hot spot
Enable Independent have become aware that homes in the Vista Alegra gated community are selling like hot cakes, after the word has got around that there has not been a single burglary in the past five years.
‘Whether the threat of burglary is real or perceived, affluent house hunters place great importance on security,’ said Daniel Chavarria Waschke, managing director of Balearics Sotheby's International Realty.
Plots currently range from a 1,000 m2 to in excess of 11,000 m2, with permission to build a property of up to 40% of the plots size, prices range from €450 to €1,200 per m2. With all of the Villas being integrated into the landscape.
Properties can offer spacious bedrooms, ample living rooms and vast expanses of glass to view the surrounding countryside, as well as natural ventilation and solar energy. Local Developer Fernando Corominas stated: ‘Most in demand right now is a very large frontline sea property but, however large, we try to conceal the home within the landscape,’ said Corominas.
If you are looking to finance a holiday home, then why not come and talk to your local financial advisors, we will be able to cherry pick from the best mortgages in the market place.
‘Whether the threat of burglary is real or perceived, affluent house hunters place great importance on security,’ said Daniel Chavarria Waschke, managing director of Balearics Sotheby's International Realty.
Plots currently range from a 1,000 m2 to in excess of 11,000 m2, with permission to build a property of up to 40% of the plots size, prices range from €450 to €1,200 per m2. With all of the Villas being integrated into the landscape.
Properties can offer spacious bedrooms, ample living rooms and vast expanses of glass to view the surrounding countryside, as well as natural ventilation and solar energy. Local Developer Fernando Corominas stated: ‘Most in demand right now is a very large frontline sea property but, however large, we try to conceal the home within the landscape,’ said Corominas.
If you are looking to finance a holiday home, then why not come and talk to your local financial advisors, we will be able to cherry pick from the best mortgages in the market place.
UK property prices unchanged
Enable Independent Advisor's in Bishop's Stortford were not suprised that UK property prices remain the same in November, according to the Nationwide Building Society.
The average price of a typical home is now worth £163,853, which are just under 1.2% below the level of this time last year, price inflation has remained negative for nine months.
Nationwide predict that house prices will continue to stay flat throughout 2013, but they will at least remain stable.
Robert Gardner, Nationwide’s main economist stated that the key to the housing market, will be the UK’s ability to provide more jobs, and as competition for jobs remains fierce enables employers to keep down pressure on wage growth.
The average price of a typical home is now worth £163,853, which are just under 1.2% below the level of this time last year, price inflation has remained negative for nine months.
Nationwide predict that house prices will continue to stay flat throughout 2013, but they will at least remain stable.
Robert Gardner, Nationwide’s main economist stated that the key to the housing market, will be the UK’s ability to provide more jobs, and as competition for jobs remains fierce enables employers to keep down pressure on wage growth.
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