News from Henson Crisp
25th September 2018
Taking a look at a typical case study where we made savings of £16,000 by clawing back tax efficient savings towards a pension pot and making informed investment choices
15th August 2018
Whether you are just beginning your journey in the working world, are coming to the end of your career and heading into retirement, or are somewhere in between; the appointment of an Independent Financial Adviser (IFA) can help you to realise both your financial and personal goals.
Appointing an IFA means that you gain access to their specialist knowledge and are able to utilise their skills to ensure you are best placed to achieve your objectives in the future; these could be long term goals such as being able to retire early, or retire with a particular annual income that you have in mind; or more short term whereby you are looking to save for a new car, or you have inherited a sum that you would like to invest etc.
8th June 2018
A great benefit of pension schemes is that you can usually start taking money from them from the age of 55. This is well before you can receive your State Pension. Whether you have a defined benefit or defined contribution pension scheme, you can normally start taking money from the age of 55.
There are many different ways you can access the money from your pension pot. You can leave your pot untouched, take cash in chunks or get a regular income.
If you are approaching retirement it's advisable to get guidance or advice to help you understand your options.
Give us a call 01733 355120 / 02036 377140.
25th January 2016
Many things can impact on the UK's currency rise and fall, Brexit being an unknown quantity. Which means a continued slow decline for sterling over the coming years, while far from certain is something investors should consider.
You may want to consider a professionally managed solution. A diversified portfolio is key.
17th November 2016
Your investment strategy needs to change with the times!
The election in USA of Donald Trump has resulted in a boost to share prices, especially in America. But there is less certainty over the value of income producing investments, such as bonds. This is because if, Mr Trump's policies go as planned it could bring a return to inflation and higher interest rates, these investments could lose value.
8th November 2016
At Henson Crisp, we pride ourselves on delivering a great service to all of our highly valued clients. We endeavor to take the time to focus on the individual needs of our clients, ensuring we fulfil all of their requirements to the high professional standards we set ourselves.
13th October 2016
This month has seen the FTSE 100 reaching a new record high but seeing the pound dropping below $1.21.
The post-referendum slump in sterling has seen multinational companies listed on the FTSE 100 being boosted, with many benefiting from earnings in currencies that are stronger than the pound.
25th August 2016
4th August saw The Bank of England cut Bank Rate to 0.25% and introduces a package of measures designed to provide additional monetary stimulus
While homeowners with variable rate mortgages have been rejoicing at the recent cut to the Bank of England base rates, those coming up to retirement have been faced with a less favored outcome.
Pension schemes are being hit by lowered interest rates, the impact will not be felt equally by everyone.
Please contact us if you'd like some advice on your pension.
12th July 2016
A referendum - a vote in which everyone (or nearly everyone) of voting age took place on Thursday 23 June, to decide whether the UK should leave or remain in the European Union. Leave won by 52% to 48%.
But how has this result effected your pensions and investments?
15th June 2016
If you're nearing retirement and your savings are affected you may not have time to recover.
When you can finally cash in your pension from the age of 55, many people will try to set up a regular income and the simplest way to do this is to purchase an annuity using your savings.
If interest rates increase after Brexit, this could mean a boost to annuity rates. Though if your savings are affected then you may have less money to buy an annuity in the first place.
18th May 2016
Protecting and managing wealth is at the heart of investment management.
Investment managers are paid to make money for their clients by managing individual portfolios whilst maintaining a level of risk and return that the client wants.
Investment management seeks to grow capital and generate income for individuals and business alike.
11th April 2016
We're seeing some new pension changes come into play which may impact on your personal finances. The new flat rate pension this April and then the new lifetime ISA which is being marketed as a retirement product in April 2017.
It's no wonder if you're confused.
16th March 2016
You need hold your nerve when stock markets swing wildly up, rather than panic and sell. Over the long term losses tend to be recovered. Volatility should be viewed as the price investors pay for shares' long-term outperformance.
There are ways to tilt the odds of investment success in your favour:
- Invest for the long term
- Invest monthly, rather than try to time the market
- Reinvest your dividends unless you need the income
- Diversify, don't put all your eggs in one basket
- Rebalance, some of your investments will perform better than others
5th February 2016
1. Get independent financial advice
2. Create achievable goals
3. Plan for your retirement
4. Plan your income and expenditure
5. Manage your savings
6. Get the most from your pension
7. Protect you and your estate
8. Pass on your wealth
9. Regularly review your financial goals
10. Enjoy your wealth
1st December 2015
“You were one of the first to apply for the standard, and therefore your application has taken a little longer to process. Thank you for your patience. Retirement Advice Standard certificates and badges are currently being produced and we will send to you as soon as they are ready, which will be before Christmas. ”
The Standard applies only to those who can offer a fully advised service to a client with a wide range of solutions from across the whole market.
20th November 2015
Every employer will be required by law to provide a workplace pension in due course, if their employees meet the qualifying criteria.
19th October 2015
|Cash ISAs (tax-free)||Tax-free savings. You get an annual allowance - it is certainly worth making the most of this.|
|Fixed rate ISA (tax-free)||These accounts pay a guaranteed amount of interest when you leave your money in the account|
|Instant and easy access accounts||These types of accounts can be useful for day to day living costs as well as emergency savings.|
|Regular savings accounts||For saving a monthly chunk of your income. There are often rules about how much you can put in and take out.|
|Fixed-term deposit accounts (aka fixed-rate bonds).||These types of accounts are used for setting money aside for a certain length of time.|
|Index-linked accounts||Similar to fixed-term deposits, but the interest rate changes in line with inflation.|
28th September 2015
This week the mystery shopper visits Peterborough. The shopper is seeking advice on annuities on behalf of an uncle who is aged 64 and in good health. The uncle has a pension pot worth between £65,000 and £70,000.
Henson Crisp's Rachelle Jordan has gone through the mystery shopper exercise by the FT and come out as the top adviser in Peterborough!
3rd September 2015
It's simply your list of short, medium and long-term goals that are important to you, together with an outline of how you're going to use your money to achieve those goals.
27th August 2015
Financial Planning is an ongoing process to help you make sensible decisions about money that can help you achieve your goals in life; it's not just about buying products like a pension or an ISA.
It could involve protecting your family by putting appropriate wills in place, considering how your family would manage without your income.
20th August 2015
Can I afford to retire?
Everybody's financial situations are different but the main considerations for most people when they think about retiring, will come down to:
- if they're renting, paying a mortgage or mortgage free
- if they have any debt
- if they plan to keep working, have considered phased retirement?
- how much money they have saved into their pension pot and other investments
- how much state pension they'll be entitled to