Welcome to our latest issue. We hope you enjoy reading this issue, as we approach the run-up to another year end and those long hot summer days start to become a distant memory.
For many of us, our thoughts are turned to another year that has flown past – and when we talk about financial planning, it is time that is the enemy. Going back a little further, the Government has introduced some major and comprehensive reforms to the pension rules over the previous few years. One important change, which may have been overlooked by some savers, is the reduction of the lifetime allowance that applies to pension savings. The lifetime allowance is the total amount you can hold within all your pensions without incurring an additional tax charge. Turn to page 08 to read the full article.
We are now living in a more uncertain world, and for many investors they are facing new challenges at every turn. As correlations between asset classes rise, the right strategy is crucial to preserve capital when markets are falling. Add to this the result of the European Union (EU) referendum, which came as a shock to financial markets, on page 06 we consider what you can do to manage your investments in current markets. When it comes to funding a university education, it is parents and grandparents that typically look to provide the money. But even though this may be the case, last year’s graduates from English universities still left with an average of £44,000 debt, with some parents still, on average, expecting their children to leave university with £23,000 debt. Turn to page 05 to find out more