Latest News within Wealth Management

Jillian Thomas talks about why writing a When I'm Gone list is important

Human behaviour is often one of the most frequently overlooked aspects of financial decision making.

While the economic consequences of lockdown saw many households struggle, others have been able to save far more than usual.

Financial planning is important in normal times, but with major changes to taxes expected to pay for the effects of Covid-19 it is absolutely vital, says Jillian Thomas.

For the second month in a row, we went back to the previous months’ Commentary before we wrote a word. How did we leave April in this rapidly changing world?

None of us know what the future might hold as we come out of lockdown, but we can try and make predictions. I don’t have a crystal ball, but I do study what is happening in the financial world and I have one prediction that may surprise you…..

We are all aware of the considerable volatility the coronavirus has caused in the financial markets. Many people, particularly those without a financial adviser, are likely to be feeling anxious about the value of their pension savings falling and may even be re-thinking their retirement plans.

We are certainly living through strange times. But for some of us it is stranger than for others. As the saying goes – we are all in the same storm, but we are not all in the same boat.

Our monthly round up of the global economy.

As we are all beginning to realise, the country is likely to be pushed into an unprecedented economic slump due to the Covid-19 crisis. How big the slump will be is not yet known, but predictions are not optimistic.

The challenge
As a self-employed barrister Mr J, aged 33, had a hectic work schedule, with little time to think about his own personal finances.
Having set up the business two years ago, he was busy building up a pot of money for the company and didn’t have time to make sure the right personal protections were in place to support his wife and young children. It was important to Mr J that he knew how to maintain a good standard of living.

Despite the relative success of the pension auto-enrolment rollout and the increase of minimum contributions from 5% to 8%, there’s still a culture of misunderstanding surrounding them.

Once well-known for cabaret cheese and bad karaoke, the cruise market has changed drastically in recent years with something to cater for everyone. Having always been a popular choice for retirees, what makes cruises such an attractive option for holidaymakers?

Our Head of Wealth Management, Jillian Thomas, who is also MD of Future Life Wealth Management, tells us about her typical day. The article was first published in the Yorkshire Post.

We’re thrilled to announce our new Women in Business masterclass series.

Financial planner Suzanne Jeakins will be running a series of free Women in Business masterclasses to help owner-managers of small to medium sized businesses manage their finances.