It has always been said of business that turnover is for vanity, profit is for sanity, but cash is King! Well, cash may be King, but it doesn’t always get Royally treated. Cash Management Solutions could offer a solution. The problem Low interest rates offered by the banks and building societies leave us uninspired and chasing after better…
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As someone who has been saving during lockdown, it is refreshing to see that in this time of uncertainty and an ever changing ‘normal’, more people are reporting to be better off financially. The average Briton may have saved a substantial amount per month during the coronavirus-related lockdown. Cash saving company, Raisin UK, said little to no commuting, socialising or dining…
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The Coronavirus pandemic has adversely affected many people’s incomes, businesses, job prospects and investments. Although rumours leading up to the Chancellor of the Exchequer’s 2020 Summer budget mentioned a hike in taxes or eradication of some tax benefits to recoup government spending, the focus seems to be on rebuilding our economy. Rishi Sunak’s summer statement aims to offset the economic…
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It’s now over three months since Boris put the country into ‘lockdown’, an unpleasant sounding word sparking a variety of emotions in every one of us, young and old. For me, the experience was firstly one of disbelief, followed quickly by uncertainty and a fear of the unknown. With hindsight, my family has been extremely lucky. We have so far…
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The number of people opting to transfer out of their defined benefit pension schemes reached an all-time low last month. More savers are choosing to stay put due to market volatility caused by COVID-19. This follows a series of changes made by the Financial Conduct Authority in which over 700 licensed IFAs gave up their permission to provide pension transfer…
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For a little light relief from the articles posted recently, I thought readers might enjoy the following commentary written by my 17 year old daughter. It still has an investment angle, but uses an amusing data cohort to get my points across. ‘Six weeks ago, just before the impending lockdown began my 11 year old brother and I decided to…
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For years I’ve been intrigued by how client’s financial decisions are very closely linked to their emotions about money. This is one reason why we take so much time at Herbert Scott to understand these feelings; we believe it’s a critical step in delivering great financial plans that you can stick with long-term. Part of our process involves getting…
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We would like to say a huge well done to Susana Duarte who has recently completed her Business Administration Apprenticeship. Susana has now earned herself a full time Administrator position at Herbert Scott and will be working alongside Jennie and Ellen in the administration team. Prior to joining Herbert Scott, Susana studied A Level Maths, Biology and Chemistry at Sussex…
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Many of those reading this short note will have, at some time, travelled down to Devon for a lovely summer break amongst the rolling fields, moors and beautiful beaches of this somewhat remote county. Only a few will have ventured into Plymouth, the famous naval seaport and home to Sir Francis Drake (that famous Elizabethan pirate who so vexed our…
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Having worked in the financial sector for over 25 years, looking after clients and their investment portfolios, I have had many conversations about dividend income and the safety net that some investors believe this provides. My belief is that focusing solely on dividend paying stocks has been borne out of a stockbroking mindset that builds portfolios to meet their client’s…
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