Welcome to the latest issue of our TIPS Financial Magazine. At the time of writing, the UK Government said it is ‘ready and willing’ to do a deal to leave the EU if new terms are negotiated with Brussels. But the new Prime Minister, Boris Johnson, has vowed the UK will leave the EU ‘come what may’ by October 31 – the date the UK must depart if no deal has been reached.
Even though we don’t definitively know what the impact of Brexit will be on both the UK’s and other countries’ economies, it doesn’t mean this is necessarily a bad time to invest internationally. Any well-run investment portfolio should include exposure to companies from around the world. This gives investors access to a greater range of opportunities and allows portfolios to be insulated from any shocks that could affect individual economies.
Saving for retirement is one of our greatest financial priorities, especially as life expectancy is growing and retirements are likely to last longer. It may be the case that you want to take the reins and have more control of your pension pot. Inside TIPS we see how, for appropriate investors, one option to consider is a Self-Invested Personal Pension (SIPP).
Nobody wants to worry about how they’ll pay the bills if they become sick or injured and can’t work. But illness or injury can strike at any time and can lead to serious financial trouble. One of the TIPS articles looks at the latest government figures that report the dramatic increase in the likelihood of long-term sickness absence when we age, leading to an employment absence of four weeks or more.
Also covered inside the latest issue, we look at how to spot the warning signs if you’re approached by a pensions scammer; consider the winners and losers under the new State Pension; and if you have accumulated a number of pension pots over the years from different employers, why consolidating them could be appropriate.
You can read our digital copy of TIPS here.
We hope you enjoy our latest issue. To discuss any aspects of building, growing and protecting your future financial plans, please contact one of our independent financial advisers here.