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Wealth Management

Estimating Investment Risk

People are generally very bad at estimating risk and deciding whether they should be concerned or not when given a statistic. As illustrations, please think about the chances of winning the National Lottery Lotto draw and chances of being struck by lightning. In the weekly Lotto draw, your chances of winning the jackpot are 1 in 45 Million; to win…

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Handling the Bull and the Bear

Investors always get very jittery as markets change from being described as “bull” to “bear” and historically have made some very poor decisions by acting in haste. A good investment portfolio, with a wide spread of diversified investments may well wobble a little, but should retain the majority of its value. For clarity, a bull market is a rising market,…

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Investment is a Risk Business

The press has been busy over the weekend with articles about professional footballers and their more unusual investment and losses. Some of these accusations have spilled into the specialist financial media, as there have been comments over the commissions or fees taken on some of these transactions. From the mainstream press, here are some examples: http://bit.ly/1RI6EnU http://ind.pn/1MjrwhD http://dailym.ai/1PK72TN From the…

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Pension Income Choices; Post Pension Freedom

The last time I did a summary of the pension income options was March 2011 and a lot has changed since then! All of the possibilities below are for defined contribution, (money purchase), schemes only. If you are a potential client, use this as a check-list of possible options and as a way of managing expectations in terms of income,…

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Victim of Financial Fraud: Tough!

One thing the Pension Freedom changes have brought out of the woodwork is fraudsters; suddenly there is a significant number of people with cheques for tens of thousand of Pounds and no clear idea of what to do with it. They generally do not have a relationship with a regulated financial adviser and have no history of paying for financial…

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Are you scammable or scamproof?

According to the Association of British Insurers, (ABI), some £1.8Billion has been released in the last few months following the pension changes known as Pension Freedom. (http://www.expressandstar.com/business/uk-money/2015/07/14/1-8bn-withdrawn-amid-new-pension-cash-freedoms/). The Pensions Regulator, (TPR), is very worried about the opportunity presented to fraudsters by Pension Freedoms as it has potentially created a new cohort of potential fraud victims with relatively large sums of…

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Should I get nervous about the Greek problems?

Almost all of the national press money pages had some comment on the Greek crisis and its likely impact on UK citizens. One article in the Telegraph explored the likelihood that the mortgage rate could change as a consequence. Summarising the article, it could send mortgage rates up or down, depending on the scale of the Greek default, whether it…

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Are Pension Freedoms working for or against you?

The Saturday Telegraph money section had an article on Saturday that suggested that there was a mismatch between Pension Freedoms and the “Lifestyling” features in the bulk of Stakeholder and Stakeholder-friendly personal and group pensions currently available. (See the original article at http://www.telegraph.co.uk/finance/personalfinance/pensions/11685944/Pension-freedom-flaw-750000-savers-lose-9pc-in-four-months.html). Until Pension Freedom day, the assumption at retirement for the majority of new pensioners was an annuity….

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The cyber fraud that might steal your property money

Although many people have heard of e-mail based money scams, some of the more sophisticated scams are not common knowledge, although IT security professionals have been warning about them for years. An article in the Saturday Telegraph, (http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/11605010/Fraudsters-hacked-emails-to-my-solicitor-and-stole-340000-from-my-property-sale.html), gave horrifying details of a property transaction gone wrong, when the proceeds of a £340,000 London flat sale were transferred to fraudsters…

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Post Election Thoughts

Now the election is over and the results declared, it seems a good moment to ponder whether anything has changed. We still have a fractionally right of centre government with a stated mandate of fiscal responsibility but a huge public sector borrowing requirement. We have minimal inflation and minimal interest returns on cash and a Stock Market not too far…

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