Retire Invest Summer 2020

This newsletter is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. The FCA does not regulate tax advice, so it is outside the investment protection rules of the Financial Services and Markets Act and the Financial Services Compensation Scheme. The newsletter represents our understanding of law and HM Revenue & Customs practice. © Copyright June 2020. All rights reserved » » It will happen to you… » » Time to review your drawdown plans? » » National Savings hold off on rate cuts » » Planning towards your century » » Tax rises on the way? » » Leaving protection to chance? » » The kids are alright… » » Restart child benefit? IN THIS ISSUE: © Copyright 4 Holding your nerve with your investments Hard as it feels, now is the time to try and stay calm. There is no disputing the impact of the Covid-19 pandemic. Despite previous coronavirus outbreaks in Asia, such as SARS in 2002, on this occasion it’s different. Time now seems to be divided into ‘before and after’: the old normal and the new socially distanced reality we are now coming to terms with. These two eras are clearly visible in the global stock markets, most of which fell sharply in March as the virus spread globally, closely followed by lockdowns and economic contraction. The investment scene has certainly altered, at least for now. There has been increased volatility in the values of investments while businesses have reacted to the new environment in many ways, the most obvious being to reduce dividend payments. However, it is worth trying to take a longer-term view. Think back – if you can – to previous crises, such as the banking crash of 2007/08, the 9/11 terrorist attacks, and even the stock market crash of 1987. At the time, each of those events felt momentous and a break in history. Now, with the benefit of hindsight, these may even appear as little more than dips on a long-term chart. The investor who stayed the course did suffer in the short term but benefited in the long term. The investor who panicked and sold up may have chosen the worst point to do so, and then faced the difficult decision of when to reinvest. B The value of your investments, and the income from them, can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances. The investor who stayed the course did suffer in the short term but benefited in the long term. Credit: NAR studio/ Newsletter Tel: 0800 028 4040 l l SUMMER 2020 STRAIGHT TALKING FINANCE Invest Retire RetireInvest 4 Finkin Street Grantham Lincolnshire NG31 6QZ t: 0800 028 4040 w: e: RetireInvest Limited is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, who are authorised and regulated by the Financial Conduct Authority. RetireInvest Limited is ​Registered in England and Wales, No: 09916200. Registered Address: 4 Finkin Street, Grantham, Lincolnshire, NG31 6QZ.