Is inflation about to rise?

Millions of Britons could potentially see their savings shrink should inflation start to rise.

The latest inflation forecast figures due out (15th August 2017) showed prices rising at 2.7% but with pay remaining flat even with the news that unemployment continued to fall. In the end the Office for National Statistics showed that the consumer price index (CPI) remained at 2.6% the same as the previous month.

There are a number of different factors creating inflationary pressure in the economy including rising commodities and oil prices. A strong economic growth pushes up inflation also with an increase in the demand for goods and services potentially leading to an increase in prices. The falling pound also contributes to higher inflation as that makes importing goods more expensive.

The rising inflation and the stagnating growth in British households pay packets eats away at the nations savings placing a rising pressure on households. Philip Shaw, chief economist at Investec forecasts inflation to gently rise over the coming months to 3%.

The reality is that most people don’t know how to protect their savings and it could see their wealth simply drain away.

In the long-term this is a threat to people becoming financially worse off in retirement especially if you take in to account low interest rates and the stagnant wage growth.

So what can we do to minimise the risk? In a survey by YouGov 27% felt property was a good way to outpace inflation, 13% thought Cash ISAs could help maintain spending power and surprisingly only 7% said investing in stocks and shares ISAs would help particularly as these offer more protection against inflation than Cash ISAs even though there may be a greater investment risk. As the ISA pot increases yearly, now at £20,000 a year, the biggest danger is that some may leave more of their long term cash savings in cash.

Alistair Wilson, head of Zurich’s Retail Platform Strategy said “If you are putting money aside for the long-term, a workplace pension is one of the best ways to grow your savings, and prevent them from being eaten away by inflation. Not only do you receive a top-up from the Government in the form of tax relief, your employer is also likely to put money into your pot, which can help turbo-charge your savings.”

So here are three simple steps to help beat inflation

1. Shop smart – research before making a purchase
2. Consider stocks & shares ISA rather than Cash ISA
3. Top up your workplace pension – benefit from matched employer contributions, you receive tax relief and are better protected from short term market fluctuations

Professional advice is essential

When it comes to looking after our retirement planning and investments, vigilance and professional advice are essential. If you are wondering what to do, contact Robert Bruce Associates for individual assistance.

NOTHING IN THIS ARTICLE SHOULD BE SEEN AS GIVING INDIVIDUAL FINANCIAL ADVICE.

Source:
Goldmine Media
The Guardian
Zurich

Retirement Planning: It’s Good to Talk

Retirement Planning: Turn That Noise Down

In the process of retirement planning, the average person spends a significant amount of time on the internet, reading publications, receiving advice from family and friends and taking in much more information from various sources. Often on reaching the age where retirement planning is something you start to consider, it’s the time when you discover you’re saying the things you heard your parents say, turn the lights off, turn the heating down and turn that noise down!

Many of the customers Robert Bruce Associates advisors meet for the first time are looking for someone to ‘turn the noise down’, to help them see what is critical and what’s just ‘noise’. Every day we are all exposed to many, many sales messages from all angles as companies compete to be the loudest of the bunch. Deciding on your next holiday or pair of shoes is not a potentially life changing event, planning for your retirement can be. Setting a process in place that determines the way you make the most of your later life can be both a daunting and life-changing process. It’s not an everyday event to make decisions that’ll affect you in 20, 30, 40 or more years, time. Why it is important to seek the best advice for you, and the advice isn’t a one-off hit but the start of a lifetime journey.

Retirement Planning: Nothing Like a Cup of Tea & a Chat

Many of today’s life functions can be carried out on the internet but some can’t. To date there appears to be no service for getting your hair cut via the web, and even if there was would we not miss the social interaction we have with our hairdressers? Sometimes there’s nothing like human interaction, and even better if it’s face to face. Robert Bruce Associates always take the personal approach. From the beginning of the retirement planning process until the day you retire you’re likely to have the same advisor with Robert Bruce Associates. Available on the phone or to meet for a chat and a cup of tea Robert Bruce Associates believe in the human approach. Our team of advisors have over 200 year’s collective experience to share helping you turn down the background noise and focus on what’s critical to you.

We’re ready to talk when you are; it’s good to talk.

Professional advice is essential

When it comes to looking after our retirement planning and investments, vigilance and professional advice are essential. If you are wondering what to do, contact Robert Bruce Associates for individual assistance.

NOTHING IN THIS ARTICLE SHOULD BE SEEN AS GIVING INDIVIDUAL FINANCIAL ADVICE.

Retirement Planning: 2015 v 2016

Like every year, a significant amount has happened during 2015 to influence retirement planning. When reflecting on the significant points you can see that every downside has an up. Take for example interest rates, the record low rate continues to suppress our savings but provides a more stable economy for planning our financial activity. While we see the slow, low growth, we avoid the boom and bust cycles. To deliver significant returns on investment during years of low growth and low-interest rates can be a challenge but it does reduce the moments of being either a big winner or massive looser.

Let’s Here About for the Girls!

The plight of retirement planning for females has become a major focus. A combination of lower wages thus, fewer retirement funds but a longer life during retirement years is a toxic formula. Changes in wage equality appear to be taking shape, but will retirement planning take account of the child care years? A solution needs to be found for those females taking the career and family paths. There’s still a higher percentage of females who make up the part-time and low paid employment sectors. It is important for the economy and us all that the retirement gender gap closed.

Self-Fulfilling Poor Retirement!

Being self-employed has seen a boom in recent years. There’s now an estimated 4.6m* within the UK operating as self-employed. It’s estimated that perhaps less than 10% of those are making the right provisions within their retirement planning. The flexibility and freedom in the working day that comes with being self-employed are also true in the planning of your retirement. You have the freedom and flexibility to invest as you see fit when you see fit but without the right advice, this can often leave you with an unexpected gap when it comes to taking your retirement.

What Will 2016 Bring?

In short, more of the above!

Robert Bruce Associates has been providing financial advice for almost 50 years thus, we expect and plan for all scenarios. Our advice is built around you the individual taking into account the current needs and your future retirement vision. Flexibility is a built-in feature to ensure your retirement plan can move with you and the market growing at the pace you need and can afford. Whatever 2016 will bring we wish you a fantastic and successful retirement planning year.

Professional advice is essential

When it comes to looking after our retirement planning and investments, vigilance and professional advice are essential. If you are wondering what to do, contact Robert Bruce Associates for individual assistance.

NOTHING IN THIS ARTICLE SHOULD BE SEEN AS GIVING INDIVIDUAL FINANCIAL ADVICE.

*Source: http://www.moneyobserver.com/news/03-12-2015/self-employed-workers-overlooked-pension-provision-arrangements

 

Retirement: What’s the Most Wonderful Time of the Year

What are the effects of winter on retirement?
It’s winter, the time for long dark nights and the news warning of yet another Artic Blast is on its way.  For those in retirement, winter can be a difficult season. Many feel cut off from their normal routine losing the important daily contact with their neighbours, friends and acquaintances. Winter can make you confined to the house watching endless daytime telly that would eventually get to us all. For those not yet retired, retirement seems like the best solution to avoid that alarm clock and slip back under the duvet for another few minutes or hours. Whatever the circumstance winter can be a precarious time of the year as the seasonal effects make their mark on our psychological state.

Four seasons within one’s mind.

Seasonality has shown to play an important role in the process of an investment decision. It can affect our moods which in turn influences our behaviour leading us to conclusions on investment we wouldn’t make at other times of the year. At Robert Bruce Associates, we see a significant change during the winter months in the types of investment conversations. It’s hardly surprising that as the flu bug starts to do the rounds many start to consider the benefits of living in a warmer climate leading to that villa in the South of Spain becoming ever more appealing. Seasonality can also lead to you making a retirement decision. Deciding when to retire may be one of the most important decisions an individual makes during his or her lifetime. Getting out of bed early to start the long commute to work in the cold, wind and rain is certainly a challenge at the best of times but when you’re of retirement age and pondering on the actual date, it’s difficult not to say today!

Do it right!

Robert Bruce Associates has over 200 years of collective experience in helping clients through the retirement journey. From setting their retirement plan, making the first investment to the actual retirement day decades later. Our highly experienced team of advisors are always on hand to take that call on the very cold, very dark Monday morning when you feel you’ve had enough at it’s time to ‘cash in your chips’. Making the right decision at the right time within the right environment is vital in maximising the benefits of your retirement plan.

So wrap up, have a hot beverage and go out and face the day.
Your time in the sun is coming but let’s make sure it’s the time to make the sunshine stay.

 

Professional advice is essential

When it comes to looking after our retirement planning and investments, vigilance and professional advice are essential. If you are wondering what to do, contact Robert Bruce Associates for individual assistance.

NOTHING IN THIS ARTICLE SHOULD BE SEEN AS GIVING INDIVIDUAL FINANCIAL ADVICE.

Retirement: How Do You Retire Happy?

 

 

A great debate continues to rage within the medical world on the positive and negative health benefits of retirement. Make your choice as you will but as leading independent financial advisors with over 50 year’s history, what we know is, those who retire with a satisfactory financial position that allows for choice are those who retire happy the most.

If money does, give you freedom than it cannot be more pertinent, than in retirement.

But as four young lads from Liverpool once said, ‘Money can’t buy you love.’ What it does give you is the ability to make choices. The ability to enjoy experiences that you’ve always wanted to enjoy but didn’t have the time to do. Most of us have a bucket list even if it’s one we carry around in our minds. Things we’ve always wanted to do or achieve; attend a concert from our favourite artist, eat at a special restaurant or take a holiday to the destination you’ve always longed to see. The thoughts are with us but how do you get there, how do you retire happy?

It Starts with a Vision!

One of the first discussions we have with all customers is their vision of retirement, what would a happy retirement look like to them. The answers we get are varied but the common trait is that of a bucket list, a list of targeted experiences and activities to enjoy when time permits. The shared vision allows us to help the client determine the goals for their retirement plan. It’s an area we give some time to learning, discovering and projecting costs of what it will take to realise the dreams. From this, we help our clients develop the plan, the plan to retire happy.

The Grand Plan!

The retirement financial plan should reflect the aspirations of the vision but it also needs to balance today’s needs and wants with tomorrow’s dreams. Wealth is very subjective. Often we’re asked for a magic number to achieve with the retirement pot and the answer is always the same, it comes done to the individual retirement goals. There’s no definitive figure to reach. The nest egg required is the pension you want and need to fulfil your retirement vision. It’s also one that you can afford striking the correct balance in your finances for today and tomorrow.

Retirement is a time to be active, learn, travel, or start a new life journey.

Many will tell you that you’re likely to spend less in retirement. Those who’ve retired will tell you that initially you tend to spend more! You now have the time to do all those things within the vision so the tendency is to get out there and do them, the retirement ‘bubble’. All good retirement plans should have a contingency for the ‘bubble’. It should recognise the spike in activity that the time on your hands allows you to exploit.

There’s No Substitute for Experience!

Robert Bruce Associates has over 200 year’s collective experience in retirement plans and investment. We’ve helped thousands of people meet their retirement goals and vision. Day after day we watch client’s start their retirement exactly the way they wanted to and with the financial backing that allows them to make the choice for the initial retirement ‘bubble’ to the longer term retirement activity.

Find the way to Retire Happy. Find Robert Bruce Associates.

Professional advice is essential

When it comes to looking after our retirement planning and investments, vigilance and professional advice are essential. If you are wondering what to do, contact Robert Bruce Associates for individual assistance.

NOTHING IN THIS ARTICLE SHOULD BE SEEN AS GIVING INDIVIDUAL FINANCIAL ADVICE.

Retirement: Time For a Change?

What age do you plan for your retirement?

Will you be able to take retirement at your targeted age?

These are questions that play on many minds each and every day. It seems the news informs us of an increase in retirement age on a regular basis. Planning for the future seems to be a like aiming for a moving target. Combine this with many of a working age that don’t want to retire at all and you’ve got a very confused picture.

What if there was no retirement age?

The Oxford Dictionary explains retirement as, “The action or fact of leaving one’s job and ceasing to work.” For many this is not a reality. Ask a retired person and they’ll reply that they’ve never been so busy!

Those within, and rushing towards the retirement age group are from the baby boom era. Born during the demographic post–World War II baby boomers are between the ages of 50 to 69. The generation that found Rock ‘n’ Roll, the generation that rejected the norm to break free and find their voices. The generation that sang, “…hope I die before I get old.” The thing is they’re expected to live longer than ever!

This generation is in no mood to just stop. They’ve started the ‘fire’ burning so want to keep the flames alive. Living life to the full. Living life for experiences through travel, food, family, music and much more. Generation X is changing the way we view retirement. Once again the baby boomers are at the forefront of social experimentation.

Many of Robert Bruce Associates customers are within the baby boom age bracket. Every day our financial experts are learning about the retirement plans of our customers. Our advice centres on helping customers realise those plans. Tailoring the investment plan to build the financial foundations that’ll allow the enjoyment of the many experiences sought during the retirement years. Recent changes in the provision of pensions reflect the need for flexibility within the definition of retirement. The changes empower the customer to utilise their investment in the way they see fit at a time suitable to them. The Robert Bruce Associates personal approach to investment enables the achievement of the greatest benefit.

Perhaps, why Robert Bruce Associates have a 99% customer retention rate.

The answer may be to redefine, retirement. Many see retirement as the time to live life to the full working their way through a travel and experiences bucket list.

Perhaps, it’s time to rebrand retirement.

Retirement: The action or fact of living one’s life to the full!

 

Professional advice is essential

When it comes to looking after our retirement planning and investments, vigilance and professional advice are essential. If you are wondering what to do, contact Robert Bruce Associates for individual assistance.

NOTHING IN THIS ARTICLE SHOULD BE SEEN AS GIVING INDIVIDUAL FINANCIAL ADVICE.