Essentially Wealth – Quarter Three 2020

Overview

DREAMING OF THE RURAL LIFE

Following lockdown, people are likely to be working from home much more in future, leading many to consider the space they currently live in and their attitudes to moving to a different location.

Homebuyers who have successfully worked remotely and no longer need to commute so frequently and be in an office environment five days a week, are now able to consider a much wider area when looking for property.

KEEPING ON TRACK FOR YOUR RETIREMENT

Recent stock market volatility may have made you anxious about your pension, particularly if you are nearing retirement, but it is important to consider the wider picture to keep your plans on track.

GLOBAL ECONOMY FACES RECOVERY CHALLENGE

Economic data from the first quarter of 2020 has provided a foretaste of the impact the pandemic is set to have on global economic activity.

PROTECT YOUR FAMILY’S FUTURE THROUGH ESTATE PLANNING

One way of ensuring that your loved ones receive assets is to pass them over while you’re still alive. However, this needs careful thought as you may not want to relinquish control and you need to make sure you keep enough yourself to live off – a difficult balancing act.

COVID-19 – THE ULTIMATE FINANCIAL STRESS TEST?

Coronavirus has affected every aspect of our lives, particularly our financial stability. The crisis has acted as a stress test for the nation’s finances, highlighting the fragility of many people’s financial safety nets.

TRUSTED FINANCIAL ADVICE IN UNCERTAIN TIMES

A study of savers and investors has found that one in 25 people have recently sought advice for the first time ever. It also highlights myths that exist surrounding financial advice, with two in five people thinking they aren’t wealthy enough to seek advice and 27% thinking advice is only for those with over £100,000.

WEALTH PRESERVATION

Having worked hard to save and invest during your younger years, your strategy then needs to turn to wealth preservation, or at least, to guard against the erosion of your wealth.