COVID-19

V, W, U or L: If we’re heading for recession, what does recovery look like?

Rishi Sunak, the Chancellor, said on the 19th of May that the UK is heading for a 'recession like we've never seen' on the back of several months of the economy being closed in many sectors. Mr Sunak’s measures to support businesses and their employees since the start of the Covid-19 crisis have undoubtedly saved [...]

How to protect your family in uncertain times

Originially published on brewin.co.uk The Covid-19 outbreak has made many of us think more carefully about protecting our family from financial difficulties. However, this isn’t just about having savings and investments to provide for the long term – it’s also about ensuring your loved ones are provided for should the worst happen. Here, we consider [...]

Protect against Coronavirus scams: top tips from FCA and NCSC

FCA warns investors to be wary of cornavirus-related investment scams, as scammers take advantage of uncertainty. A week into the UK lockdown, more than 500 coronavirus-related scams and over 2,000 phishing attempts had been reported. Scam smart is the FCA’s (Financial Conduct Authority) campaign to help consumers avoid pension and investment scams. With major events [...]

New year, new opportunities

Our top tips for 2020 While we won’t be going on holiday this year, we can use this time to focus on our other financial goals - like saving towards home improvements or putting away regular installments into a pension. Our advisers can help you get the most out of your money, so your hard-earned [...]

How Wren Sterling helped out in the Coronavirus crisis

Up and down the UK, a volunteer army has been supporting the NHS, carers and key workers to keep the UK moving and delivering vital services to those most in need. Covid-19 has tested everyone to some degree but it’s pleasing to see the country pulling together. This is what some of Wren Sterling’s people [...]

Six ways to stay on track during a period of economic downturn

The global economy is expected to shrink by 3.0% during 2020 as the world comes to terms with the impact of coronavirus, causing an economic downturn. This will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said in April.[i] There seems to be no getting past that now [...]

Important financial issues to discuss with your family

Money is a notoriously difficult subject to discuss with family. But this is an extraordinary time, with concerns around ill-health amid an environment of rock-bottom interest rates, stock market volatility, and economic turmoil. The current situation could provide an opportunity for openly discussing financial issues. Here, we consider some potential topics. 1. Your estate Inheritance [...]

ABI warns against ‘Pensions panic’

With lockdown causing financial worries for many families, the ABI is warning people not to see their pensions as a quick way of raising cash, and to think twice before making any rash financial decisions during this uncertain time.

Downturns can take a long time to recover from, financially and mentally

Every single time there is a downturn it feels like we are drowning. When will the storm end? When will we be able to catch our breath? Where is the dry land? Importantly, how we respond to these downturns can have a big impact on our future wealth.

Market update from RSMR

It is now clear that the world economy is experiencing a sudden stop, which is without precedent in peace time. There are few economic parallels we can call on to give us a framework for how this may pan out as economies have never been closed down so abruptly before or populations locked down in this way.