Independent Financial Life Planners Bishop's Stortford: Post Brexit investments

Friday, 19 August 2016

Post Brexit investments

Enable’s experienced IFA’s in Bishops Stortford note that according to Metlife, six out of 10 financial advisers are becoming concerned about a significant financial correction this year and one in three are planning to contact clients about protecting their pension savings in the next three months. This summer despite the political and economic turmoil created by Britain's unexpected decision to leave the EU, the FTSE 100 has surged by almost 9 per cent to a one-year high.

If you are an investor who is close to retirement, checking in with how to lock in any gains made by the recent market surge might be worth considering. According to the same report Advisers have already seen a surge in inquiries about retirement planning since Brexit, with 17 per cent saying they have been contacted by clients asking for retirement planning reviews, whilst, 15 per cent have been asked about guaranteeing funds.

The FTSE 100 has in part climbed higher on the back of the base rate cut from the Bank of England, and its £170billion stimulus package but this is likely to prove unsustainable. Simon Massey, wealth management director at MetLife UK, who conducted the research, says 'The predictions of doom and disaster after the Referendum vote have so far been proved wrong with the initial shock turning to a market surge, a so-called 'Brexit bounce”, but it is becoming clearer clients are adjusting their risk appetite.' Clients still want and need to invest but many are re-adjusting their attitude to risk. They are focused on guaranteeing and capturing gains while they can, while accepting that uncertainty is here to stay for the foreseeable future...' he added.

Enable’s IFAs in Bishop’s Stortford are happy to talk you through your attitude to risk and help with long and short-term financial planning.

Source: http://www.thisismoney.co.uk/money/pensions/article-3735863/Advisers-lock-pension-clients-gains-Brexit-Bounce.html

Issued by: Enable Independent Financial Life Planners •  25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.