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 

FTSE 100 resilience

Whichever way you voted in Brexit Enable’s independent financial advisors in Bishops Stortford would have expected some volatility in the markets through this period. And the FTSE 100 has indeed suffered but then leapt to its highest level since 2015.  Just a week after the referendum it’s trading was around 6,577 the highest level since August 2015.

Returning financial confidence, after the initial shock of the outcome, had been growing all week despite one of the most volatile weeks since the 2008 financial crisis. And the Bank of England Governor Mark Carney managed to inject some extra confidence into markets by promising Britain was tough enough to deal with the transition period. He also heavily hinted interest rates are set to be cut in the next couple of months to provide extra stimulus to the economy. It is expected the Bank's base rate will be cut from 0.5 per cent to 0.25 per cent in August.

Connor Campbell, financial analyst at Spreadex.com, said:  "Considering we are exactly a week on from the Brexit referendum, and subsequent market panic, the fact that the FTSE has climbed all the way above 6500 for the first time since last August is staggering.”

The index may have been propelled to this 10ish month high by the governors promise of stimulus, including a rate cut but the impact such news has had on the value of sterling may not be such good news. If you are concerned about your financial planning we are here to advise.

Source: The Express

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