pension-contributions

Don't abandon pensions contributions as prices rise! As the cost of living continues to soar, with inflation reaching a 40-year high, the impact on household finances is taking its toll. But it is essential to try to maintain a savings habit even in the current climate. We look at the impact breaks in pension contributions could mean to savers by missing out on thousands of pounds in future that will mean less income during retirement.
About Tudor Franklin IFA

Tudor Franklin was established by Richard Meats and Bharat Chudasama, with a vision for a professional financial planning and advice service that can provide clear value to our clients at any stage in their financial life. With over 25 years joint experience advising clients on such matters as investments, pensions, inheritance tax planning and protection, we pride ourselves on being professional and delivering advice in a clear and understandable way.
pension retirement PENSION INVEST year save income retire PLAN
About Tudor Franklin IFA

pension retirement PENSION INVEST year save income retire PLAN
SPOTTING AN 
INVESTMENT SCAM
How scammers are getting 
more convincing
INVESTING FOR  
POSITIVE CHANGE
More investors align investments  
with personal values
PASSING WEALTH DOWN 
THROUGH THE GENERATIONS 
Millions of retirees help out in cost of 
living crisis
DON’T ABANDON 
PENSION 
CONTRIBUTIONS 
AS PRICES RISE
SAVERS COULD MISS OUT 
ON THOUSANDS OF POUNDS 
IN RETIREMENT
NOVEMBER/DECEMBER 2022
Welcome to our latest edition. As the cost of 
living continues to soar, with in!lation reaching a 
40-year high, the impact on household !inances is 
taking its toll. But it is essential to try to maintain 
a savings habit even in the current climate. On 
page 12 we look at the impact breaks in pension 
contributions could mean to savers by missing out 
on thousands of pounds in future that will mean less 
income during retirement.
Around half of UK adults (51%) have or 
know someone who has received a suspicious 
communication in the last 12 months, according to 
new research. Most of these cases can be described 
as ‘phishing scams’ (51%), when a fraudster attempts 
to imitate a legitimate company or person to secure 
important information from the victim. On page 11 
we provide 10 tips to help avoid !inancial scams.
Over the past few decades, there has been a 
growing interest and awareness in investing in 
companies that take into account environmental, 
social and governance (ESG) factors. This type of 
investing – also known as sustainable, responsible 
or impact investing – aims to generate both !inancial 
returns and positive social and environmental 
impacts. Turn to page 26 to read about the origins 
of ESG investing dating back to the 1960s.
The rise in the cost of living is a!fecting millions of 
people. A third of young adults (18"34) and families 
with young children are struggling !inancially, 
according to new research. One striking aspect is 
the extent to which grandparents are stepping in 
with thousands of pounds of support and helping 
grandchildren with housing deposits in addition to 
everyday expenses. Read the article on page 08.
A full list of the articles featured in this issue 
appears opposite.
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION 
LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS 
FROM, TAXATION ARE SUBJECT TO CHANGE.
THE VALUE OF INVESTMENTS MAY GO DOWN AS WELL AS UP, AND YOU MAY 
GET BACK LESS THAN YOU INVESTED.
INSIDE 
THIS ISSUE
NOVEMBER / DECEMBER  2022
CONTENTS
04
BALANCING RISK AND RETURNS
Bonds can play a key part in building an 
investment portfolio
05
WORKING 9 TO 5
More over-65s are still working than  
six years ago
06
HOW TO MAXIMISE THE  
VALUE OF PENSION SAVINGS
Mistakes to avoid when you’re aiming to 
build your pension pot
08
PASSING WEALTH DOWN  
THROUGH THE GENERATIONS
Millions of retirees help out in cost of 
living crisis
IT ALL STARTS WITH A FINANCIAL PLAN,  
TO HELP BRING YOUR GOALS TO LIFE
We’ll work together to develop wealth-building 
strategies that focus on what’s important to you, 
your needs and those of your loved ones. We’ll 
guide you through the complexities of building 
your wealth to help ensure the decisions you 
make today won’t compromise your vision for 
the future. We hope you enjoy reading this issue.
The content of the articles featured in this publication is for your general information and use only and is not intended to address your particular requirements. Articles should not be relied upon in their entirety 
and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date 
it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their 
particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles. Thresholds, percentage rates and tax legislation may change in subsequent Finance 
Acts. Levels and bases of, and reliefs from, taxation are subject to change and their value depends on the individual circumstances of the investor. The value of your investments can go down as well as up and you 
may get back less than you invested. Past performance is not a reliable indicator of future results. The Financial Conduct Authority does not regulate tax advice, estate planning, or Will writing.
CONTENTS
10
PENSION SAVING REVOLUTION
Auto-enrolment: celebrating a decade that has 
encouraged a culture of saving 
11
SPOTTING AN INVESTMENT SCAM
How scammers are getting more convincing
12
DON’T ABANDON PENSION  
CONTRIBUTIONS AS PRICES RISE
Savers could miss out on thousands of  
pounds in retirement
13
PENSIONERS’ INCOMES
What is the average UK  
retirement income? 
14
DOING THE RIGHT THING FOR THE PLANET
Four in !ive looking to change jobs demand 
green pensions
16
LEAVING A TAX!EFFICIENT LEGACY
Considering the rule of seven when making 
!inancial gifts
17
SHRINKING SAFETY NETS
More people set to dip into emergency funds
18
INCREASING FINANCIAL  
SUPPORT FOR MILLENNIALS 
Cost of living crisis drives early  
inheritance gifting
20
PREPARING YOUR FINANCES FOR 
RETIREMENT 
Could market volatility and in!lation mean you 
have to delay retirement?
22
SOLVING INVESTOR CHALLENGES
How to take less risk when investing
24
RELUCTANT TO RETURN
Millions want to stick with lockdown  
lifestyle changes
26
INVESTING FOR POSITIVE CHANGE
More investors align investments with  
personal values
04 INVESTMENT
Gilts are traded on the London Stock 
Exchange and the payments on gilts 
are !ixed, meaning that they provide a 
predictable income stream for investors.
FIXED INCOME PORTFOLIO 
Investors who place large portions of their 
portfolio in !ixed income investments are usually 
looking for a regular, secure income stream. They 
are often retired and reliant on their investments 
or pension to provide a monthly income.
Gilts are typically issued with maturities of 
between one month and 30 years. During that 
lifetime, they usually pay a set amount of annual 
income – the ‘coupon’. They can be held to 
maturity or sold prior to maturity if the investor 
needs access to the funds.
SIGNIFICANT GROWTH  
The UK government bond market is one of the 
deepest and most liquid markets in the world. It is 
also one of the most important !inancial markets. 
The size of the UK government bond market has 
grown signi!icantly in recent years.
The main factors a#ecting the price of bonds 
are: Interest rate risk – the direction interest 
rates are moving; Credit risk – the perceived risk 
associated with the issuer; Duration risk – the 
amount of time left before the issuer has to repay 
the bond holder.
HEIGHTENED VOLATILITY
Shorter-dated bonds – those that will redeem 
within !ive years – are less price sensitive to 
interest rate movements than longer-dated 
bonds. This means prices tend to move up or 
down less when interest rates rise or fall.
Following the Mini-Budget and the 
government’s !iscal plan announcements on 
September 23, the UK government bond market 
experienced heightened volatility, with the 
market posting some of its largest daily swings 
on record.
INTEREST RATE HIKES 
As a result, gilt yields rose steeply as investors 
assimilated the expected £62.4bn increase 
in gilt sales over 2022/23, and substantially 
increased their expectations of interest rate hikes 
from the Bank of England. On the day of the 
announcement, the ten-year UK government 
bond yield rose from 3.45% before the 
Chancellor’s statement to end the day at 3.83%, 
marking its largest one-day move for more than 
30 years. 
As a result, gilt indices fell 2.6% on the day. The 
yield subsequently rose above 4.5% before falling 
back to around 4% by the morning of Friday 30 
September. This followed the Bank of England 
announcing on Wednesday 28 September a 
large-scale purchase. 
EMERGENCY INTERVENTION 
The Bank launched its emergency intervention 
after an unprecedented sell-o# in long-dated UK 
government bonds that threatened to collapse 
multiple liability driven investment (LDI) funds, 
widely held by UK pension schemes. On the day 
the Bank of England stepped up its bond-buying 
support, the International Monetary Fund stated 
that a ‘change in !iscal policy’ would help calm 
bond markets.
There are some mitigating factors that provide 
greater context to the market reaction, such as 
the fact that the Mini-Budget came at a time 
when global markets were looking fragile, with 
US bond yields and the US dollar both moving 
higher for much of September. Still, the relative 
moves compared to US and European equivalents 
suggest that there were clearly UK-speci!ic factors 
at play following the Mini-Budget. 
THE VALUE OF YOUR INVESTMENTS CAN 
GO DOWN AS WELL AS UP AND YOU MAY GET 
BACK LESS THAN YOU INVESTED.
BALANCING RISK AND RETURNS
BONDS CAN PLAY A KEY PART IN BUILDING AN INVESTMENT PORTFOLIO
UK government bonds, also known as gilts, are debt securities issued by the UK 
government. They are used to !inance the government’s borrowing requirements 
and are often seen as a safe haven asset by investors. 
SECURING THE FUTURE YOU WANT
Whether you want to grow your wealth for 
a retirement income or a legacy to pass on 
to future generations, we can help you set 
goals and try to achieve them. To !ind out 
more and to discuss your options, please 
contact us.
MORE OVER"65s ARE STILL WORKING THAN SIX YEARS AGO
More people in the UK aged between 65 and 74 are still working compared 
to six years ago, new research shows[1]. The !indings show there’s a marked 
increase in the number of people over 65 who remain in the workforce compared 
to 2016, and a fall in the number drawing their State Pension. 
At a time of rising cost of living pressures, 
the data shows fewer people across all 
age groups eligible to retire have done 
so compared to six years ago. The greatest shift 
has been for those aged between 65 and 74. 
Whereas 92% of this age group were already 
retired in 2016, only 79% are now.
DISPROPORTIONATELY IMPACTED
This is due  to increases in the State Pension age, 
which was raised from 65 to 66 between December 
2018 and October 2020 – and is set to rise further 
in future. The increase has disproportionately 
impacted 65 to 74-year-olds, who have been directly 
a#ected by this change in the last six years. 
In 2016, 96% of people in this age range said 
the State Pension accounted for some of their 
income, compared with 71% now. This represents 
a 25% decrease in the proportion of people in this 
age bracket receiving part of their income from 
the State Pension.
ALTERNATIVE SOURCES OF INCOME
As the State Pension Age continues to rise, this 
age group will need to plan to !ind alternative 
sources of income. The research results show 
the gap is only partially being plugged by people 
continuing to work for longer. 
There has only been a small rise in those 
saying wages or other earned income constitute 
a portion of their overall income – 23% versus 18% 
in 2016. For a !ifth of people in this age bracket, 
an income gap left by State Pension deferral has 
not been replaced by wages.
RUNNING OUT OF RETIREMENT MONEY
In the UK, the 65 to 74 age group is larger than 
ever before, according to the 2021 Census 
statistics[2]. People between those ages now 
account for almost 19% of the UK population, 
compared with 16% a decade ago.
For those over 65, money worries about 
retirement !igure more prominently than six 
years ago. In 2016, only 1% of this cohort said 
they were worried about running out of money 
in retirement, while another 1% said they wouldn’t 
have enough money to ful!il plans and dreams 
such as travelling. Six years on, the proportion 
has risen substantially to 11% for both.
AMOUNT OF CAPITAL HELD IN PROPERTY
One asset that has grown for this age group, 
however, is the amount of capital they hold in 
property. Sixty-!ive to 74-year-olds have, on average, 
lived in their current house for 24 years, which means 
they have bene!itted from nearly all the property 
price increases that have occurred since the late 
1990s, when the current property boom began.
In 1998, when this age group typically 
bought their current house, the average cost of 
property in the UK was £66,231[3]. The research 
results show this age group’s property is now 
worth on average £302,000, more than four 
times the original purchase price.
PLANNING FOR A COMFORTABLE RETIREMENT
Nearly two-thirds of them own their  
property outright. Typically, those who do  
have been in tenure six years longer than 
those with a mortgage.
This suggests people may have accumulated 
more wealth in this asset than they realise. As 
cost of living pressures ramp up, the equity in 
people’s homes could become increasingly 
important when looking at ways to plan for a 
comfortable retirement. 
Source data:
[1] Aviva Real Retirement Report conducted 
by ICM Unlimited April 2016. 1,506 general 
consumers aged 45+ Research conducted by 
Censuswide April 2022.
[2] 2021 National Census !igures released 
by ONS
[3] HMLR’s UK House Price Index. www.gov.
uk/government/collections/uk-house-price-
index-reports
SECURING YOUR FINANCIAL FUTURE
Whether you want to grow your wealth for a 
retirement income or a legacy to pass on to 
future generations, we can help you set goals 
and try to achieve them. To !ind out more, 
please get in touch.
WORKING 9 TO 5
RETIREMENT  05
MISTAKES TO AVOID WHEN YOU’RE AIMING TO 
BUILD YOUR PENSION POT
Many people are feeling the pressure on their "inances at the moment due 
to the backdrop of rising in"lation and the cost of living soaring. In these 
circumstances, it can be di$icult to think about your long-term !inances or even 
contemplate saving for the future. 
HOW TO MAXIMISE 
THE VALUE OF 
PENSION SAVINGS
06 RETIREMENT
However, even in the current climate 
there are ways to maximise the value 
of any pension savings you do have. By 
sidestepping seven common mistakes, you could 
take your pension planning to another level and 
reduce the risk of falling short of money later.
SIMPLE RULES TO FOLLOW WHEN RETIREMENT 
PLANNING AND MISTAKES TO AVOID
DON’T TURN DOWN MONEY  
FROM YOUR EMPLOYER 
When o#ered the opportunity to join a workplace 
pension, it’s nearly always a good idea to do 
so. For most people, your employer must 
automatically enrol you in a workplace pension 
scheme, and you may even be o#ered a pension 
plan if you don’t meet the criteria. 
Workplace pension schemes are made up of 
your own payments (5% or more of earnings), 
which are deducted from your salary, in some 
cases before you pay tax, making it easier to 
save, and your employer’s contribution, which 
at the very least, must be equivalent to 3% of 
your qualifying earnings. Many employers o#er 
more than this or match any extra payments you 
make, so it’s worth checking if you’re getting the 
most out of this valuable bene!it.
DON’T SAY ‘NO’ TO EXTRA MONEY  
FROM THE GOVERNMENT
Anyone who decides against investing in a 
workplace or personal pension also turns down 
help from the government. That’s because in 
order to encourage people to save for retirement, 
the government provides a top-up called ‘tax 
relief’ to pension payments. How you receive this 
tax relief depends on the type of plan you have 
and the rate of income tax you pay. 
But as an example, if you’re a basic rate 
taxpayer saving into a personal pension in the 
current tax year, you receive 20% tax relief on 
your payments. So, if you pay £200 a month 
into your pension plan, the £40 of tax relief you 
receive on that payment means it will only cost 
you £160. Higher rate or additional rate taxpayers 
could claim back even more.
Some workplace pension schemes o#er tax 
relief in a di#erent way, such as through salary 
sacri!ice or exchange schemes, so check with 
your employer if you’re not sure how this works 
for you. And in Scotland, the tax relief details di#er 
slightly. But in all these cases, the general point 
is the same: each time you defer paying into a 
pension plan, you miss out on an extra boost.
DON’T EXPECT THE STATE PENSION TO 
COVER EVERYTHING
Another common mistake is to assume that the 
State Pension will meet your retirement needs. 
However, it’s important to know that the State 
Pension won’t be available until your late 60s and 
may not cover all of your outgoings. 
Currently, pensioners who are entitled to the 
full new single-tier State Pension receive £185.15 
a week in 2022/23, worth £9,627.80 for the year. 
But remember that what you get depends on 
your National Insurance record, so you could 
get less.
Pensioners that reached State Pension age 
before April 2016 and receive the basic State 
Pension get £141.85 a week, or £7,376.20 a year.
DON’T LOSE TRACK OF YOUR PENSION PLANS 
It has never been more important to keep track 
of all your old pension plans. You are at most 
risk of having lost track of a pension if you have 
changed jobs multiple times, moved home often 
and not updated your pension providers or 
opted out of SERPS (the State Earnings-Related 
Pension Scheme) in 1980s or 1990s.
DON’T ASSUME THAT THE  
MINIMUM IS ENOUGH
Auto-enrolment has boosted the pension savings 
of millions of people but the 8% minimum 
payment may not get you the retirement lifestyle 
you want. It’s important to therefore have a 
retirement lifestyle in mind. We can discuss with 
you how much money you could have in your 
pension pot in the future, so you can ensure that 
you don’t !ind yourself in a situation whereby you 
have an income shortfall.
DON’T LEAVE YOUR PENSION POT  
UNLOVED OR NEGLECTED
You might not want to talk about your pension 
plan every day, but dismissing pensions as 
boring is a mistake, and one that becomes 
increasingly serious over time. While this 
might be di!!icult at the moment, steps such 
as topping up your payments, especially in 
your 20s, 30s or early 40s, can make a large 
di!ference, thanks to the snowball e!fect of 
compounding. 
Knowing whether it’s workplace or private, 
understanding how to get more ‘free’ payments 
from your employer or the government, or 
using it to pay less tax (such as through bonus 
sacri!ice) could make a major di#erence to your 
long-term !inances.
DON’T SUPPOSE THAT ONE PENSION  
PLAN IS THE SAME AS ANOTHER 
A related mistake is not knowing where your 
pension pot is invested, whether that matches 
your life-stage and priorities or how to choose 
the right investment options. For example, if 
your retirement is still some years ahead, you 
could potentially a#ord to take a little more risk. 
Conversely, you may want to dial down the risk 
as you get nearer to retirement.. 
A PENSION IS A LONG"TERM INVESTMENT 
NOT NORMALLY ACCESSIBLE UNTIL AGE 55 
(57 FROM APRIL 2028 UNLESS PLAN HAS A 
PROTECTED PENSION AGE). 
THE VALUE OF YOUR INVESTMENTS (AND ANY 
INCOME FROM THEM) CAN GO DOWN AS WELL 
AS UP WHICH WOULD HAVE AN IMPACT ON THE 
LEVEL OF PENSION BENEFITS AVAILABLE. 
YOUR PENSION INCOME COULD ALSO BE 
AFFECTED BY THE INTEREST RATES AT THE 
TIME YOU TAKE YOUR BENEFITS.
IT ALL STARTS WITH A FINANCIAL  
PLAN, TO HELP BRING YOUR  
GOALS TO LIFE
Do you have a dream retirement in your 
head? Are you on track to make it a reality? 
To !ind out more about how we can turn 
your dreams into reality, please contact us for 
more information.
///  YOU MIGHT NOT WANT TO TALK ABOUT 
YOUR PENSI ON PLAN EVERY DAY,  BUT 
DISMISSING PENSIONS AS BORING IS 
A MISTAKE,  AND ONE THAT BECOMES 
INCREASINGLY SERIOUS OVER TIME.
RETIREMENT  07
MILLIONS OF RETIREES HELP OUT IN 
COST OF LIVING CRISIS
The rise in the cost of living is a"fecting millions of people. A third of young 
adults (18"34) and families with young children are struggling !inancially. Many 
are turning to family and friends for help with day-to-day expenses such as 
utility bills, housing costs and childcare, according to new research[1].
PASSING 
WEALTH DOWN 
THROUGH THE 
GENERATIONS
08 FINANCIAL PLANNING
One striking aspect is the extent to which 
grandparents are stepping in with 
thousands of pounds of support and 
helping grandchildren with housing deposits in 
addition to everyday expenses.
OPTIONS AVAILABLE
It’s understandable why grandparents want to 
help their family and pass wealth down through 
the generations. When doing this, there are a 
number of options available, each with di#erent 
advantages and disadvantages.
Gifting money early can reduce Inheritance 
Tax liabilities and a grandparent can gift up to 
£3,000 a year without being added to the value 
of their estate. Currently, a couple could therefore 
gift £6,000 a year. If some or all of it was invested 
in a pension it would receive tax relief.
GIFTING MONEY
Grandparents interested in helping a grandchild 
save for a house could also consider saving into 
a Lifetime ISA (LISA). Only the child/grandchild, as 
the account holder, can open and manage their 
LISA but it’s possible to gift money to an account 
holder to pay into their LISA.
Those helping grandchildren, the research 
highlighted, gave £15,000 on average, while 10% 
gave over £50,000. The main reasons grandparents 
helped out grandchildren !inancially were to help 
with day-to-day costs (43%) and help with bills (37%). 
One in four (24%) grandparents gave money to help 
their grandchildren buy a house.
SAVING FOR A CHILD OR GRANDCHILD
Parents and grandparents have several options 
when saving for a child or grandchild. Choosing 
the right one can make a big di#erence.
CONTRIBUTING TO A PENSION
Although most people won’t set up a pension until 
they reach working age, a Junior Self-Invested 
Personal Pension (SIPP) can be started as soon as 
someone is born. In addition, any contributions 
made by a parent or grandparent, which can 
be made directly to the plan as ‘third-party 
contributions’, will be treated for tax relief purposes 
as if they were made by the bene!iciary themselves. 
This means that contributions paid to a ‘relief 
at source’ scheme will currently receive tax relief 
of 20% (£20 for every £80 net contribution) as 
long as the gross contributions do not exceed 
the bene!iciary’s relevant UK earnings for the tax 
year or £3,600 if more. 
In addition, where a bene!iciary has paid 
Income Tax at a higher rate, they will be able to 
claim the di#erence directly from HM Revenue 
& Customs through self-assessment, so a further 
20% for a higher rate (40%) tax payer on some or 
all of the contributions. 
Although a child under the age of 18 is unlikely 
to have relevant UK earnings, total contributions 
up to the ‘basic amount’ of £2,880 net (£3,600 
gross) can be made each year and will still bene!it 
from tax relief.
Pension contributions can be one of the more tax-
e$icient ways to gift money to a child or grandchild, 
but the money is likely to be inaccessible until they 
reach age 57 (normal minimum pension age is rising 
from 55 to 57 in April 2028).
LIFETIME ISAS (LISAS)
If the child or grandchild is aged between 18 to 40, 
helping them save into a lifetime ISA (LISA) can be 
bene!icial, especially if they are trying to raise a deposit 
for a !irst home. This is because the government will 
add a 25% bonus to subscriptions of up to £4,000 a 
year (i.e. £20 for every £80 subscribed).
However, if withdrawals are made for any 
purpose other than purchasing a !irst home, a tax 
penalty of 25% (i.e. £25 on a withdrawal of £100) will 
apply unless the individual is terminally ill or aged 
60 or above. Since the tax penalty exceeds the 
initial bonus, it is normally not the most tax-e$icient 
investment if the penalty is likely to be incurred.
Only the child or grandchild, as the account 
holder, can open and manage their LISA but it’s 
possible to gift money to an account holder to 
pay into their LISA.
TRUSTS
For those who want more control over how 
money is spent, setting up a trust can help 
ensure any investment is used appropriately. 
There are a wide variety of trusts that can be 
used to meet individual requirements.  
Source data:
[1] Research from LV= highlights how millions 
of people have helped friends and family 
!inancially in the past six months. The LV= Wealth 
and Wellbeing Monitor – a quarterly survey of 
4,000 UK adults – reveals that many people 
struggling with everyday living costs are turning 
to family and friends for support 23/08/22.
A PENSION IS A LONG"TERM INVESTMENT 
NOT NORMALLY ACCESSIBLE UNTIL AGE 55 
(57 FROM APRIL 2028 UNLESS PLAN HAS A 
PROTECTED PENSION AGE). 
THE VALUE OF YOUR INVESTMENTS (AND 
ANY INCOME FROM THEM) CAN GO DOWN 
AS WELL AS UP WHICH WOULD HAVE AN 
IMPACT ON THE LEVEL OF PENSION BENEFITS 
AVAILABLE. 
YOUR PENSION INCOME COULD ALSO BE 
AFFECTED BY THE INTEREST RATES AT THE 
TIME YOU TAKE YOUR BENEFITS.
THE VALUE OF YOUR INVESTMENTS CAN 
GO DOWN AS WELL AS UP AND YOU MAY GET 
BACK LESS THAN YOU INVESTED.
THE FINANCIAL CONDUCT AUTHORITY DOES 
NOT REGULATE TAXATION AND TRUST ADVICE. 
TRUSTS ARE A HIGHLY COMPLEX AREA OF 
FINANCIAL PLANNING.
WANT TO DISCUSS HOW TO  
INVEST FOR YOUR CHILDREN OR 
GRANDCHILDREN? 
All parents and grandparents want to give their 
children or grandchildren the best possible 
start in life. When it comes to investing for a 
child’s future, putting aside just a small amount 
of money on a regular basis can really add up. 
So, are you ready to start saving? To !ind out 
more, please get in touch.
///  IT ’S  UNDERSTANDABLE WHY 
GRANDPARENTS WANT TO HELP THEIR 
FAMILY AND PASS WEALTH DOWN THROUGH 
THE GENERATIONS.  WHEN DOING THIS , 
THERE ARE A NUMBER OF OPTIONS 
AVA I LA B LE,  EACH W I TH D I FFERENT 
ADVANTAGES AND DISADVANTAGES.
FINANCIAL PLANNING  09
AUTO"ENROLMENT: CELEBRATING A DECADE THAT HAS 
ENCOURAGED A CULTURE OF SAVING 
Since it was introduced ten years ago, auto-enrolment has revolutionised 
pension saving for millions of people in the UK, encouraging a culture of 
saving for the long term. It’s been a positive initiative and, crucially, individuals 
now have to take more responsibility for their retirement savings.
This has meant many people now put 
some money away each month for 
retirement. In April 2021, the UK workplace 
pension participation rate was 79%, compared 
to 47% in 2012 when auto-enrolment was 
introduced, according to new research[1]. 
SIGNIFICANT GAPS 
All employers must provide a workplace pension 
scheme and automatically enrol employees into 
a pension scheme and make contributions to 
their pension if they are classed as a ‘worker’, 
are aged between 22 and State Pension age, 
earn at least £10,000 per year and they usually 
(‘ordinarily’) work in the UK.
However, signi!icant gaps remain in pension 
awareness and engagement, with female and 
lower income workers disproportionately less 
likely to review their pension. The research 
highlights overall, almost one in !ive UK workers 
have never reviewed their pension.
PENSION SAVINGS
This rises to a quarter (25%) of female workers, 
compared to only 13% of males who have 
never reviewed their pension. Those with lower 
incomes are also more likely never to have 
undertaken a review of their pension savings, 
with 34% of those with an income between £10k 
and £20k, and 21% of those with an income 
between £20k and £30k saying they have never 
checked their pension. This drops to 15% among 
those earning between £30k and £40k, and 14% 
among those earning between £40k and £50k.
The research showed that the majority (58%) 
of workers could de!ine what an auto-enrolment 
pension is, correctly selecting ‘Employers o#er 
a workplace pension scheme and automatically 
enrol eligible workers in it.’ However, 23% 
incorrectly de!ined it, while a !ifth (19%) admitted 
that they simply do not know what an auto-
enrolment pension is.
KEY TRIGGERS 
For those who do review their pension, the main 
prompt for doing so is receiving their annual 
statement (28%) – rising to 37% among 35 to 
54-year-olds, compared to 18% among 18 to 34-year-
olds and 28% among those aged 55 and over. 
Other key triggers include receiving 
communication from their pension provider 
(19%), receiving their monthly pay (16%), changing 
jobs (12%) and getting a promotion or pay rise 
(11%). The younger demographic (aged 18 to 
34) are most likely to be prompted to review by 
receiving their monthly pay (24%), changing jobs 
(19%) and receiving a pay rise (19%).
KEY BENEFITS OF BEING AUTO!ENROLLED
Regular savings habit – When you have a 
workplace pension plan in place, it’s easy to stay 
in the habit of saving because payments usually 
come straight from your salary. You don’t have to 
sort any of this out yourself either, as when you 
join a company you’re automatically put into the 
pension scheme, so it’s really easy to save this way.
Employer contributions – With a workplace 
pension scheme, your employer has to contribute a 
minimum of 3% of your qualifying earnings towards 
your future too. Some employers will pay more 
than the minimum and others will pay more into 
your pot if you do – known as matching. If you don’t 
remain in the scheme, then you will miss out on 
these contributions.
Tax relief – Most people will receive tax relief 
from the government when they pay into a 
pension, and this is one of the major bene!its of 
the scheme. Individuals usually currently receive 
at least 20% tax relief from the UK Government 
on their pension payments, meaning it will only 
cost you £80 to have £100 invested into your 
pension plan. Most people are entitled to claim 
tax relief on the pension payments they make 
based on up to the highest rate of income tax 
they pay. This means the bene!its are usually 
even more for higher or additional rate taxpayers.
Option to pay in more – You can pay in more 
than the minimum amount required to your 
pension, and if you can a#ord to do so, this can 
be bene!icial in the long term. Topping up your 
payments means the impact of compound 
interest is much more signi!icant and can result 
in a much larger retirement pot. 
Source data:
[1] Research conducted for Standard Life by 
Opinium, among 2,000 UK adults between 
2"6 September 2022. All results are weighted to 
nationally representative criteria.
A PENSION IS A LONG"TERM INVESTMENT 
NOT NORMALLY ACCESSIBLE UNTIL AGE 55 
(57 FROM APRIL 2028 UNLESS PLAN HAS A 
PROTECTED PENSION AGE). 
THE VALUE OF YOUR INVESTMENTS (AND ANY 
INCOME FROM THEM) CAN GO DOWN AS WELL 
AS UP WHICH WOULD HAVE AN IMPACT ON THE 
LEVEL OF PENSION BENEFITS AVAILABLE. 
YOUR PENSION INCOME COULD ALSO BE 
AFFECTED BY THE INTEREST RATES AT THE 
TIME YOU TAKE YOUR BENEFITS.
WANT TO DISCUSS PLANNING  
FOR YOUR RETIREMENT?
We all want to enjoy life after we stop working. 
Whether you want to see more of the world 
or spend more quality time with your family. 
Whether it’s just around the corner or feels 
like a long time in the future. Planning for your 
retirement can make all the di#erence. To !ind 
out more, please contact us. 
PENSION SAVING REVOLUTION
10  RETIREMENT
HOW SCAMMERS ARE GETTING MORE CONVINCING
Around half of UK adults (51%) have or know someone who has received a 
suspicious communication in the last 12 months, according to new research[1]. 
This equates to 27 million people across the UK.
Most of these cases can be described 
as ‘phishing scams’ (51%), when 
a fraudster attempts to imitate 
a legitimate company or person to secure 
important information from the victim. 
PENSION TRANSFERS
Crypto scams are also becoming worryingly 
common, with one in !ive reporting they or someone 
they know has received one in the last 12 months.
Pension transfer scam communications account 
for almost one in ten (8%) of contacts, while 
romance scams or dating scams are similar at 11%.
SCAMMER APPROACHES
Around a !ifth (21%) of those who have or know 
someone who has been contacted say they 
have lost money because of approaches by 
scammers. However, among 18 to 34-year-olds, 
this increases to  almost half (46%).
The average loss to scams for themselves/
someone they know was around £207, with this 
amount almost doubling to £361 for those aged 
18 to 34 years old, compared to £112 for those 
aged 55+.
PERFECT OPPORTUNITY
With many families struggling to make ends 
meet, and as the cost of living squeeze tightens, 
o#ering easy access to your pension might 
seem the perfect opportunity to dig yourself out 
of trouble. The reality is you can’t access your 
pension savings before the age of 55, so it’s very 
likely it will be scammers. 
Follow the simple rule of thumb: if it appears 
too good to be true, it inevitably is. Simply walk 
away, hang up or delete the email or text to keep 
your money safe from the scammers.

51% of UK adults – 27million people – have 
received or know someone who has 
received a suspicious communication in the 
last 12 months

Younger people are more likely to know 
someone who has lost money, and are aware of 
someone losing more than older generations
Almost one in ten (8%) communications 
relate to pension transfers
10 TIPS TO HELP IDENTIFY AND AVOID 
FINANCIAL SCAMS
1.  
 If you receive an o#er to help you access 
your pension savings before age 55, for 
example, through ‘pension loans’ and ‘free 
pension reviews’. It is only possible to access 
your pension before age 55 in rare situations, 
for example, if you are very ill.
2.  
 Warnings that the deal is limited and you 
must act now. This is a pressure tactic and 
making any !inancial decisions should not be 
done under pressure.
3.  
 HM Revenue & Customs (HMRC) will 
never contact you by email, phone or text 
informing you of a tax refund, so simply 
delete or ignore any contact made this way – 
HMRC will only contact you via post.
4.   You are discouraged from seeking professional 
!inancial advice or talking to Pension Wise.
5.  
 Sign up for Action Fraud Alert, a free service 
provided by the National Fraud Intelligence 
Bureau. The service alerts about new types 
of crime or those which are increasing in 
their severity. If you sign up, you will receive 
those alerts which are relevant to you. 
https://www.actionfraud.police.uk/sign-
up-for-action-fraud-alert
6.   Contact by somebody who is not on the 
Financial Conduct Authority (FCA) Register. 
The Register is a public record of all the 
regulated !irms and individuals in the 
!inancial services industry, including pension 
providers and investment companies https://
register.fca.org.uk/
7.  
 Be very cautious around any 
recommendation to take a large amount 
of money, or your whole pension pot, in 
a lump sum and invest it elsewhere, for 
example, in overseas property, forestry, car 
parking or storage units. And be very wary 
of unsolicited o#ers of ‘amazing investment 
returns’.
8.   Seek advice from your professional !inancial 
adviser who will be able to explain the rules 
and tax implications of di#erent options 
and help you make the best choices for 
your personal circumstances, so be very 
suspicious if this is discouraged.
9.   There can be signi!icant tax implications if 
you choose to cash in your pension in one 
go, so check the tax position before you 
make any decisions.
10.   Check www.fca.org.uk/scamsmart for 
known scams and use the tools to help 
identify a potential scam.
Source data:
[1] Source: Research among 2,000 UK adults 
conducted by Opinium, with !ieldwork between 
12"16 August 2022.
SPOTTING AN INVESTMENT SCAM
LOOKING FOR FINANCIAL ADVICE?
We know you’ll have di!ferent priorities for 
your wealth at di!ferent points in your life. 
Whatever your !inancial aims, we have the 
expertise that can help you achieve them. 
Please contact us to discuss your plans. 
INVESTMENT  11
SAVERS COULD MISS OUT ON THOUSANDS OF POUNDS IN RETIREMENT
As the cost of living continues to soar, with in"lation reaching a 40-year 
high, the impact on household !inances is taking its toll. But it is essential to try 
to maintain a savings habit even in the current climate. The impact of any breaks 
in pension contributions could mean savers miss out on thousands of pounds in 
future that will mean less income during retirement.
Research has highlighted that reducing or 
stopping pension contributions, even for 
a relatively short period of time, can have 
a signi!icant impact on the !inal pot, with savers 
potentially being thousands of pounds less well 
o# in retirement as a result[1].
HAVING AN EVEN BIGGER IMPACT
For example, someone who began working with a 
salary of £25,000 per year and paid the standard 
monthly auto-enrolment contributions (3% 
employer, 5% employee) from age of 22, would have 
a total retirement fund of £456,893 at the age of 68.
However, stopping pension contributions at 
the age of 35 for just one year, would result in a 
total pot of £444,129 – almost £13,000 less than 
if they had not stopped paying in. Stopping 
contributions for a longer period would have an 
even bigger impact.
RISK OF SACRIFICING SAVINGS TO COVER 
EVERYDAY EXPENSES 
While currently relatively low, the risk of sacri!icing 
savings to cover everyday expenses continues 
as long as these challenging circumstances go 
on. Almost all (93%) say that increasing costs and 
high in!lation are going to impact, or are already 
impacting, their !inancial situation.
If possible, the !irst port of call should be to reduce 
spending, for example, cutting back on unnecessary 
purchases and shopping around for better value 
deals. Doing this, rather than making decisions 
that will a#ect future !inances such as reducing or 
stopping pension contributions, even if for a short 
period only, will be bene!icial in the long term.
TIPS FOR POTENTIAL SPENDING CUTBACKS 
IN THE CURRENT ENVIRONMENT
1. Review your expenditure for potential 
areas of savings – By looking through your 
monthly outgoings, you may !ind there are ways 
to make savings. Do you have any subscriptions 
or memberships that you no longer use and 
could cancel or pause? Do you spend a lot 
of money on things that are a luxury, such as 
takeaways? Taking some of these small steps 
could make a di#erence.
2. Shop around for better deals – You may 
be able to switch household providers and !ind 
cheaper deals, such as for broadband or your 
mobile phone. Many providers have package 
deals for new customers so it’s worth using a 
price comparison website to see if there are 
savings to be had.
3. Set budgets – To help you keep an eye on 
your outgoings, it is a good idea to set a budget 
for things like food shopping and socialising so 
you don’t spend more than your means.  
Source data:
[1] Research conducted among a sample of 
c.2,600 contactable Standard Life customers 
between 9"22 May 2022. Calculations are 
intended for the sole purpose of providing an 
illustration regarding the projection of savings 
and pensions. They should not be used with the 
intention to give an accurate representation of 
real world outcomes.
HELPING YOU ACHIEVE YOUR GOALS
We can help you achieve the !inancial future 
you want for you and your family. If you 
would like to review your current plans, to 
meet your !inancial goals now and in later life, 
please contact us.
DON’T ABANDON PENSION 
CONTRIBUTIONS AS PRICES RISE
12  RETIREMENT
New analysis of government !igures
[1] 
highlights that the average retired UK 
couple has a pension income worth 
£284 per week, made up of both occupational 
and private pension income and excluding State 
Pension income.
For those approaching retirement who have 
a similar weekly income target in mind, to buy a 
‘level’ annuity which would guarantee this income 
for life, but might not maintain purchasing 
power for future years, they would need to have 
amassed £267,000 in retirement savings. 
INCOME FOR LIFE
Meanwhile, the top !ifth of pensioner couples 
have pension incomes of £704 per week, 
requiring a savings pot of £660,000 to secure 
the same type of annuity and guarantee their 
income for life. To buy an ‘index-linked’ annuity, 
which increases income in line with in!lation, the 
required pot is considerably larger; however, this 
provides an income that is more likely to keep up 
with cost increases.
The analysis comes as annuity rates are, 
however, rising. Rates are estimated to have 
improved by 25%[2] since the start of the year, 
meaning that savers can generate larger incomes 
from their savings.
INFLATIONARY ENVIRONMENT 
The analysis also found that over the last ten 
years, the average income of retired couples has 
increased by around 7% in real terms, with the 
richest !ifth increasing by 4%, compared to 7% for 
the least well-o# pensioners.
It is encouraging that over the past ten years 
pensioners’ incomes have increased in real terms. 
However, in the current environment with in!lation 
having recently reached double !igures, there is an 
increased challenge of making money last. 
So, even while we are in a challenging situation 
that can lead to a focus purely on short-term 
!inances, if you’re able to continue paying attention to 
your long-term pension savings, it will be extremely 
worthwhile by the time you come to retire.
HOW TO MAKE YOUR SAVINGS WORK HARDER 
DURING THIS INFLATIONARY PERIOD
Revisit your "inancial goals – As you start to notice 
the e#ects of increased prices, you might !ind that 
your current !inancial goals could take longer to 
reach than originally planned, or they might need to 
be adjusted. So now could be a prime time to revisit 
your plans and consider if they need to change.
Have a Direct Debit detox – Many of us sign 
up to memberships and subscriptions that we 
could probably live without, so have a think about 
whether you could cancel them or shop around 
for a better deal. You might be surprised at how 
much money you could save.
Prioritise your spending – It’s worth seeing if you 
can put o# purchases you’d planned for a while 
longer. If it’s not essential, you might be better 
waiting until you’re con!ident that making that 
purchase now won’t impact your standard of living. 
However, if you’ve been thinking about making 
a big purchase, such as a car or a required home 
improvement, and you have the money to do so, 
you might !ind you’d be better o# going ahead now 
rather than waiting until later when prices could be 
even higher and the pound in your pocket is worth 
less, saving you money in the long run.
Try to clear any outstanding debt – When in!lation 
rises, interest rates are generally increased to help 
control the economy. If you have any variable rate 
debt, you might !ind that your regular payments 
go up as a result. So, it’s best to review debt 
arrangements as a priority, making sure you are 
reducing interest being paid as much as possible.
Make the most of tax-e#icient savings and 
consider making investments – It’s worth 
bearing in mind that you receive tax bene!its on 
pension payments, e#ectively meaning it costs 
less to save more into a pension plan. 
So even if you’re focused on short-term 
!inances at the moment, it’s important to continue 
contributing to your pension: time in market is one 
of the most important factors in investing, and if 
you choose to stop contributing you could miss 
out on valuable contributions from your employer. 
Although remember that you can’t access your 
pension savings until you’re aged 55 (rising to 57 
in 2028 unless you already have a plan with a 
protected pension age). 
If you want to access your money before age 
55, while giving your savings the opportunity to 
grow in line with in!lation (and, importantly, stand 
a chance of beating it), it’s advisable to invest 
over the medium to long term, which is generally 
!ive years or more. Stocks & Shares ISAs are a 
tax-e$icient way to save for medium or long-term 
goals without having to tie up your money. 
Or you could consider a Cash ISA for shorter-term 
goals like rainy day funds – but, of course, be mindful 
of the impact of in!lation on the value of these. 
Source data:
[1] According to Pensioner Income Series Data – 
https://www.gov.uk/government/statistics/pensioners-
incomes-series-!inancial-year-2020-to-2021/
pensioners-incomes-series-!inancial-year-2020-to-2021
[2] Figure is based on Standard Life internal 
analysis of market annuity rates as at July 2022
A PENSION IS A LONG"TERM INVESTMENT 
NOT NORMALLY ACCESSIBLE UNTIL AGE 55 
(57 FROM APRIL 2028 UNLESS PLAN HAS A 
PROTECTED PENSION AGE). 
THE VALUE OF YOUR INVESTMENTS (AND ANY 
INCOME FROM THEM) CAN GO DOWN AS WELL 
AS UP WHICH WOULD HAVE AN IMPACT ON THE 
LEVEL OF PENSION BENEFITS AVAILABLE. 
YOUR PENSION INCOME COULD ALSO BE 
AFFECTED BY THE INTEREST RATES AT THE 
TIME YOU TAKE YOUR BENEFITS.
THE VALUE OF YOUR INVESTMENTS CAN 
GO DOWN AS WELL AS UP AND YOU MAY GET 
BACK LESS THAN YOU INVESTED.
PENSIONERS’ INCOMES
WHAT IS THE AVERAGE UK RETIREMENT INCOME? 
Thinking about the amount of money you need to retire can be daunting, 
but it’s important to have a savings target in mind to !it your desired lifestyle in 
retirement, that you can work towards.
ARE YOU ON TRACK FOR A SECURE 
FINANCIAL FUTURE?
Start talking to us today about your future 
retirement plan and we can help you make 
sure it’s a resilient one. We understand that 
your goals, aspirations and dreams are unique 
to you and we’d love to discuss how we could 
help. We look forward to hearing from you.
RETIREMENT  13
14  INVE STMENT
FOUR IN FIVE LOOKING TO CHANGE  
JOBS DEMAND GREEN PENSIONS
When you "irst start paying into your employer’s pension, your contributions, 
along with employer contributions and tax relief, will be invested through a default 
fund. You will usually have several fund options to choose from.
DOING THE  
RIGHT THING 
FOR THE PLANET
INVE STMENT 15
Increasingly, new research has identi!ied that 
people are choosing to work for employers 
that provide ‘green pensions’[1]. Today’s workers 
expect employers to show true leadership and 
o#er pensions which are invested responsibly. 
INVESTMENTS IN HIGH ESG!RISK SECTORS 
Demonstrating a genuine commitment to 
environmental, social, and governance (ESG) 
priorities is not only the right thing to do for 
the planet, it could also be a game changer for 
attracting and retaining the best talent. Business 
leaders have a real opportunity to show sta# that 
they are serious about doing the right thing.
Many companies remain unaware of how 
their current employee pension schemes can 
undermine the progress they are making to 
develop more sustainable operations, primarily 
due to sizeable investments in high ESG-risk 
sectors such as coal, oil sands and tobacco.
ONE OF THE TOP FOUR BENEFITS
The data reveals the views of employees and 
employers relating to sustainable workplace 
policies and individual practices. Across the 
UK workforce, eight out of ten employees 
(83%) view climate change as an important 
issue – expecting their employer to take an 
active stance on ESG issues and implement 
sustainable workplace practices.
One quarter (24%) of employees cited 
support for more sustainable personal !inances 
– including green pensions – as one of the 
top four bene!its that they expect from a new 
employer, alongside !lexible working (48%), cost 
of living support (39%) and an attractive holiday 
package (34%).
MORE SUSTAINABLE PENSIONS 
72% of workers said that it was important their 
employer invests their savings sustainably, as 
part of their organisation’s overall stance on 
critical environmental and social issues. With a 
third (32%) of workers currently seeking new 
employment – and a further quarter (24%) 
planning to apply for new jobs in the next year 
– the data suggests that the provision of more 
sustainable pensions may provide a new way for 
employers to attract and retain talent.
Despite this sizeable employee demand, 
only a quarter (25%) of employers claim to be 
knowledgeable about green pensions. More 
than a third (37%) of employers claim to not 
know anything about them or have never 
heard of them.
SOCIAL AND GOVERNANCE OUTCOMES
In fact, nearly half of employers (43%) 
identi!ied a green pension as a fund that 
avoids investments in highly polluting 
industries, such as oil or thermal coal 
projects. But only a !ifth of employers (22%) 
acknowledged the social and governance 
outcomes, such as the equitable treatment 
of workers or promotion of gender and racial 
diversity on corporate boards (17%).
With over a third (34%) of employers 
admitting they don’t currently o!fer a 
sustainable pension scheme to their 
employees, there is a signi!icant commitment 
gap on implementing workplace policies that 
positively impact ESG issues.  
Source data:
[1] Make My Money Matter, FTSE100 Research, 
September 2022
ARE YOU PLANNING FOR THE  
RETIREMENT YOU DESERVE? 
When it comes to retirement, you deserve the 
chance to enjoy the freedom it brings without 
having to worry about money. To make 
sure your retirement plans are on track, or 
to discuss your options if you’re just getting 
started, please get in touch. 
///  DESPITE THIS  S IZEABLE EMPLOYEE 
DEMAND,  ONLY A QUARTER !25% " 
OF EMPLOYERS CLAIM TO BE 
KNOWLEDGEABLE ABOUT GREEN 
PENSIONS.  MORE THAN A THIRD !37% " 
OF EMPLOYERS CLAIM TO NOT KNOW 
ANYTHING ABOUT THEM OR HAVE 
NEVER HEARD OF THEM.
16  INHERITANCE TAX
CONSIDERING THE RULE OF SEVEN WHEN MAKING FINANCIAL GIFTS
You’ve worked to build up your wealth. But now it’s time to make plans so your 
loved ones can get the most from the estate you intend to leave behind. If you think 
you might be a#ected by Inheritance Tax, it can be tempting to hold o# making plans 
to do anything about it. But the truth is that it’s better to plan earlier for Inheritance Tax. 
Estate planning is an essential element of 
preparing your !inances for when you are no 
longer around but want to make sure that 
as much of your estate as possible is exempt from 
Inheritance Tax. Current thresholds are frozen until 
at least 2026, so it’s likely more estates could trigger 
a 40% Inheritance Tax bill over the coming years.
INHERITANCE TAX PLANNING OPTIONS 
On your death, the !irst £325,000 nil-rate band 
(2022/23) of your estate is exempt from the 40% 
Inheritance Tax. However, you can also make 
!inancial gifts that will reduce the value of your estate 
when you die. For those who have accumulated a 
reasonable amount of wealth and who have children, 
the seven-year rule can be taken full advantage of.
This is one of the most popular, and cost-
e#ective, Inheritance Tax planning options 
relating to gifting some of your wealth to loved 
ones before you die. The idea being that the 
people who matter to you most could start to 
bene!it from some form of inheritance earlier. 
GIFT REDUCES EACH YEAR
It also reduces the value of your estate. Meaning, 
when it’s assessed for Inheritance Tax, your 
potential liability could prove lower. Or, even 
better, you don’t have one at all. In order for 
bigger !inancial gifts to be fully exempt from 
Inheritance Tax, you need to live for at least 
seven more years.
If you die within seven years of making  
the gift, it is still considered part of your  
estate and it will be included in your 
Inheritance Tax assessment. 
If you die between three and seven years, 
you would still have to pay some tax on the 
gift if it exceeded the available nil-rate band. 
The amount payable on the gift reduces 
each year once you have survived the gift 
by over three years. Only after seven years is 
the full gift no longer part of your estate for 
Inheritance Tax purposes.
There are many ways you might be able to 
reduce (or even eliminate) a potential liability. 
But the longer you wait, the more expensive 
some of these options might prove.
It goes without saying that none of us knows 
when our time will come. That’s why it can really 
help to start making plans now. Doing so could 
help you maximise the amount of inheritance 
you leave to loved ones. 
INHERITANCE TAX PLANNING IS A HIGHLY 
COMPLEX AREA OF FINANCIAL PLANNING.
INFORMATION PROVIDED AND ANY 
OPINIONS EXPRESSED ARE FOR GENERAL 
GUIDANCE ONLY AND NOT PERSONAL TO YOUR 
CIRCUMSTANCES, NOR ARE INTENDED TO 
PROVIDE SPECIFIC ADVICE.
PROFESSIONAL FINANCIAL ADVICE SHOULD 
BE OBTAINED BEFORE TAKING
ANY ACTION. 
WANT TO START A CONVERSATION?
Making !inancial gifts to your loved ones could 
make a big di#erence to their !inancial security 
and wellbeing. It could also be more e#ective 
for Inheritance Tax planning purposes to gift 
money while you’re still alive than to pass it on 
through your Will when you die. To !ind out 
more, please contact us for more information.
LEAVING A  
TAX!EFFICIENT LEGACY
Period of years 
 % Reduction 
before death  
(Taper Relief)
0 - 3 years 
Nil
3 - 4 years 
20%
4 - 5 years  
40%
5 - 6 years  
 60%
6 - 7 years 
80%
More than 7 years 
No tax
FINANCIAL PLANNING  17
Of those without an emergency fund, the 
most common reason for not having 
one was due to wages barely covering 
the cost of living, and therefore being unable to 
a#ord to save. 
MONEY TUCKED AWAY
With consumer prices higher than the year 
before, and with annual household energy costs 
set to rise, many households will likely have to 
rely even more on the money they have tucked 
away. This could see household savings built up 
during the pandemic reduced. 
The report highlighted the average working 
household currently has £2,400 in savings. 
However, this equates to less than a month of 
basic expenditure for the average family if they 
lost their income and were pushed to rely on 
their savings. 
CURRENT SAVINGS PATTERNS
To feel !inancially secure, households estimate 
they need £12,100, or nearly !ive months’ worth 
of basic household expenses, set aside. However, 
only three in ten working households (30%) have 
this set aside, and pressure to dip into savings will 
likely see this number fall.
Based on current savings patterns, with the 
average working household saving just over 
£300 a month, it would take three years to reach 
the desired !inancial safety net, and nine years to 
put aside a year’s worth of essential spending. 
INCREASED LIVING COSTS
However, two-thirds (64%) of all households that 
currently save have either already decreased or 
stopped their savings habit altogether (31%), or 
expect to have to do so (34%), due to increased 
living costs. 
There are also a growing number of people 
who cannot put aside any money; nearly  
1.9 million households have no money left at the 
end of the month, an increase of 330,000 since 
2020. This is likely why 16% of households have 
no savings at all in case of emergency. 
DIPPING INTO SAVINGS 
With the cost of basic essentials on the rise, many 
households will !ind themselves having to make 
di$icult choices and dipping into savings is likely 
to become more common. This is a far cry from 
the !ive-month !inancial safety net that people 
hope for. 
It can be concerning for people to feel that 
they have nothing to fall back on in times of 
di$iculty. While dipping into savings is inevitable 
for some, there are also steps people can take 
to try to control their costs as much as possible 
by checking their regular outgoings and 
subscriptions, and shopping around for discounts 
and deals. 
Source data:
[1] Online survey among 5,021 UK consumers 
using Savanta’s proprietary consumer panel 
between the 28 June and 5 July 2022. The survey 
covered employed and self-employed consumers 
aged 18 to 65 only, approximately nationally 
representative but ensuring a minimum sample 
in every region of the country. This extrapolates 
to approximately 31.228 million adults in the UK. 
Results were re-weighted to represent the UK 
population in terms of age/gender, region and 
employment status.  All averages that are shown 
are median values. References to income refer to 
household income. Basic expenses are housing 
costs, loans/ credit card repayments, utility bills 
and food
SHRINKING SAFETY NETS
MORE PEOPLE SET TO DIP INTO EMERGENCY FUNDS
Having money set aside can help to provide protection against any abrupt 
"inancial changes. A new report has identi!ied one in four working households with 
savings (28%) have started dipping into them to meet rising living costs[1]. A further 
30% anticipate they will need to do so in the next year. 
IT’S GOOD TO TALK
If you are considering dipping into your 
savings, it might be necessary, but there may 
be options which have been overlooked. 
Getting guidance to avoid eating away at 
your hard-earned savings is essential. If 
you require any guidance, to !ind out more, 
please contact us.
18  FINANCIAL PLANNING
COST OF LIVING CRISIS DRIVES EARLY INHERITANCE GIFTING
The rising cost of living is cutting into even the most resilient saving pots and salaries, forcing 
many to re-consider their !inancial priorities, whatever their generation or income. 
INCREASING  
FINANCIAL SUPPORT  
FOR MILLENNIALS
Those millennials now turning 40 are facing 
very di#erent challenges to when their 
parents were the same age; however, 
there is equal pressure on parents to step in and 
support where they can without eating into their 
own retirement funds.
HELP WITH LIVING COSTS
New research shows the impact of rising living 
costs on inheritance and retirement planning. 
Over a third of parents to 40-year-old millennials 
think they will need to give inheritance support 
to their children this year to help with immediate 
living costs[1].
After previously spending inheritance on 
property and starting a business, nearly all (94%) 
40-year-old millennials would use any inheritance 
received now to help with living costs. As the 
eldest millennials turn 40 years old, the research 
shows parents are considering gifting them their 
inheritance early to increase support for living 
costs this year.
FURTHER RISING INFLATION
With the Bank of England’s warning of further 
rising in!lation, over a third (37%) of parents of 
40-year-old millennials now anticipate gifting their 
inheritance this year to help their children more 
with immediate living costs, as opposed to bigger 
purchases like property. 
The research also highlighted that almost 
two in !ive (38%) parents also expect to be more 
!lexible in their support across the rest of this year, 
giving money early when needed rather than 
planning ahead.
SAVINGS AND INVESTMENTS 
More than three in four (76%) 40-year-olds have 
already received some form of inheritance from 
their parents, with the majority putting this to 
use in savings and investments (30%), setting 
up their own business (20%) or buying their !irst 
property (18%).
However, if they were to receive that same 
inheritance this year, nearly all (94%) said they 
would use more of it on living costs – including 
bills, daily travel, food, clothing and healthcare. Of 
these, nine in ten (92%) earn £55,000 and over.
INCREASING FINANCIAL SUPPORT 
For those 40-year-olds who are set to receive an 
inheritance in the future, using the funds on living 
expenses (18%) comes second only to putting this 
into savings and investments (31%), showing the 
impact of the cost of living on !inancial priorities.
This research on parents of 40-year-old 
millennials showed that despite the cost of 
living and rising in!lation, the majority (85%) are 
con!ident they will have enough to support their 
whole retirement. 
However, over half of parents (57%) are worried 
Inheritance Tax will have a signi!icant impact 
on their !inal estate due to increasing !inancial 
support for their children. 
Source data:
[1] All data, unless otherwise speci!ied, is 
taken from 2,000 consumers who turned 
40 in 2021, who will turn 40 this year or who 
will turn 41 this year; and 2,000 parents of 
consumers who turned 40 in 2021, will turn 
40 this year or will turn 41 this year. The 2,000 
parents of consumers all had assets of at least 
£1m, including property. The 2,000 40-year-
old millennials are already investors, or have 
considered investing their money. Data gathered 
July 2022. Censuswide abide by and employ 
members of the Market Research Society which 
is based on the ESOMAR principles.
WANT TO DISCUSS PLANNING  
FOR YOUR FINANCIAL FUTURE  
WITH CONFIDENCE?
It has always been important that families talk 
about !inancial planning with each other and 
their !inancial adviser, yet the impact of rising 
in!lation makes having these conversations 
early even more crucial. If you would like 
expert advice on everything from Inheritance 
Tax to investments, we are here to discuss 
your options.
FINANCIAL PLANNING  19
///  MORE THAN THREE IN FOUR !76% " 
40-YEAR-OLDS HAVE ALREADY RECEIVED 
SOME FORM OF INHERITANCE FROM 
THEIR PARENTS,  WITH THE MAJORITY 
PUTTING THIS  TO USE IN SAVINGS AND 
INVESTMENTS !30% " ,  SETTING UP THEIR 
OWN BUSINESS !20% "  OR BUYING THEIR 
FIRST PROPERTY !18% " .
20  RETIREMENT
COULD MARKET VOLATILITY AND INFLATION 
MEAN YOU HAVE TO DELAY RETIREMENT?
It’s never too early to start planning for retirement. But if you’re nearing 
retirement, it’s especially important to have a plan in place in case market volatility 
or in!lation impacts your desired retirement timeline.
PREPARING YOUR 
FINANCES FOR 
RETIREMENT 
Some people assume that they will be 
able to retire on time, regardless of what 
the stock market or in!lation rates are 
doing. However, this is often not the case. Market 
volatility and in!lation as we’ve seen over recent 
months can have a signi!icant impact on the cost 
of living in retirement, and they can also a#ect 
how long your savings will last.
With a little planning and forethought, you 
can make sure that you’re prepared for whatever 
the future may hold so that market volatility and 
in!lation do not derail your retirement plans.
DO YOU UNDERSTAND WHAT YOU HAVE?
It’s important to understand what you have and 
where your income will come from, so that you can 
make the most of it in retirement. Your retirement 
income can come from a variety of sources, not just 
your pension savings or any income you’ll receive 
from !inal salary-type pensions (also known as 
‘de!ined bene!it’ pensions).
Other sources of retirement income could 
include: the State Pension, which will give you a 
welcome top-up when you’re eligible – currently 
age 66, although this will rise in the future; 
annuities (a guaranteed income for life, usually 
bought with pension savings); drawdown (where 
you keep your pension invested and take an 
income from it, while the investment continues to 
grow); workplace pensions (such as a company 
or occupational scheme). 
You might also have Individual Savings 
Accounts (ISAs), other savings and investments, 
or rental income from property you let out.
IS THIS ENOUGH FOR THE FUTURE YOU WANT?
Once you know what you have, think about what 
you’ll need in the years to come and how long 
that may have to last. Remember that retirement 
could be three to four decades. That’s why it’s 
important to have a plan in place that can cover 
your costs, no matter how long you live. 
You need to consider when thinking about 
your future needs that, over time, the cost 
of living tends to go up. In order to keep up 
with in!lation, you’ll need your savings and 
investments to grow at a similar rate. This way, 
your money will be able to buy just as much in 
the future as it does today.
One of the biggest risk factors in retirement is 
outliving your money. This is especially true if you 
don’t have a pension to supplement your income. 
That’s why it’s important to make sure your 
savings will last as long as you need them to.
EXPLORE ALL YOUR OPTIONS
Even if you’ve seen the value of your pensions 
and investments fall that doesn’t necessarily 
mean that you’ll have to delay your retirement 
altogether. The good news is that there are steps 
you can take to help ensure that your retirement 
savings will last as long as you need them to. 
These include diversifying your investments, 
staying invested for the long term and being 
mindful of expenses. You could also consider 
!lexi-retirement, which means staying with your 
current company with reduced hours, or take a 
new part-time job, meaning you’re less reliant on 
your pension for income.
You could take less from your pension savings 
and investments until their value recovers and 
use other savings instead to bridge the gap. 
Also, if you have any income from !inal salary 
pensions, you’ll receive a guaranteed amount 
each year. And this will generally increase each 
year too, as will your State Pension once you 
start receiving this. 
A PENSION IS A LONG"TERM INVESTMENT 
NOT NORMALLY ACCESSIBLE UNTIL AGE 55 
(57 FROM APRIL 2028 UNLESS PLAN HAS A 
PROTECTED PENSION AGE). 
THE VALUE OF YOUR INVESTMENTS (AND 
ANY INCOME FROM THEM) CAN GO DOWN 
AS WELL AS UP WHICH WOULD HAVE AN 
IMPACT ON THE LEVEL OF PENSION BENEFITS 
AVAILABLE. 
YOUR PENSION INCOME COULD ALSO BE 
AFFECTED BY THE INTEREST RATES AT THE 
TIME YOU TAKE YOUR BENEFITS.
IT’S GOOD TO TALK $ WE’LL HELP YOU 
UNDERSTAND YOUR OPTIONS
If you’re nearing retirement age and are 
concerned about how market volatility and 
in!lation could impact your retirement, we 
can help you understand and o#er guidance 
on how to adjust your plans accordingly. For 
more information, please contact us.
RETIREMENT  21
///  ONE OF THE BIGGEST RISK FACTORS IN 
RETIREMENT IS  OUTLIV ING YOUR MONEY. 
THIS  IS  ESPECIALLY TRUE IF  YOU DON’T 
HAVE A PENSION TO SUPPLEMENT YOUR 
INCOME.  THAT’S  WHY IT ’S  IMPORTANT TO 
MAKE SURE YOUR SAVINGS WILL  LAST AS 
LONG AS YOU NEED THEM TO.
22  INVE STMENT
HOW TO TAKE LESS RISK WHEN INVESTING
There are a number of strategies that individual investors can use to take 
less risk when investing. Diversi!ication is one approach that can help to mitigate 
the e#ects of volatility in any one particular asset class. 
SOLVING  
INVESTOR  
CHALLENGES
Diversi!ication is a key principle of sound 
investing, as it allows investors to spread 
their risk across a number of di#erent 
investments. This reduces the likelihood of 
experiencing heavy losses from any single 
investment. There are a number of di#erent 
ways to achieve diversi!ication in an investment 
portfolio. One way is to invest in a variety of 
di#erent asset classes.
MAIN ASSET CLASSES 
There are four main asset classes when investing: 
cash, !ixed income, equities and property. Each 
has di#erent characteristics which can make 
them more or less suitable for di#erent investors, 
depending on their individual circumstances and 
investment objectives.
Cash is the most basic form of investment 
and generally o!fers the lowest returns. Fixed 
income investments, such as bonds, are 
typically seen as being less risky than equities 
but o!fer lower potential returns. Equities (or 
stocks) are ownership interests in businesses 
and o!fer the potential for higher returns 
but also come with a higher degree of risk. 
Property can provide a steady income stream 
from rental payments but is also subject to 
market !luctuations.
GROWTH AND VALUE STOCKS
Investors can spread their money across di#erent 
asset classes in order to diversify their portfolios 
and reduce risk. This is because di#erent asset 
classes tend to perform di#erently at di#erent 
times, meaning that an investment in one asset 
class may o#set any losses made on another. 
Another way to diversify is to invest in a variety of 
di#erent geographical regions.
When it comes to choosing between 
growth and value stocks, there is no right or 
wrong answer. It all depends on the investor’s 
investment goals and risk tolerance. If investors 
are willing to take on more risk for the potential 
of higher returns, then growth stocks may be 
a good option. But if investors are looking for 
stability and income, then value stocks may be a 
better option.
STABILITY AND INCOME
Growth stocks are those that are expected to 
experience above-average growth in terms 
of earnings and revenue. These companies 
are typically young and innovative, with high 
potential for future growth. They are usually more 
volatile than other stocks, which means they can 
be more risky investments.
Value stocks, on the other hand, are those that 
are considered to be undervalued by the market. 
These companies may not be growing as quickly 
as others, but they tend to be more stable and 
o#er investors a chance to earn dividends. Value 
stocks can be a good choice for investors who 
are looking for stability and income.
WAYS TO DIVERSIFY YOUR INVESTMENT
You can diversify by:
Asset class – spread your investment across the four 
main asset types: cash, bonds, property and shares.
Region – invest in the UK and overseas so that 
you’re not limiting your investment to one country.
Industry – invest across a variety of sectors such 
as energy, !inancial services and healthcare, so 
you’re less exposed to one type of company.
Investment style – create a balance of funds. 
Investors could choose some companies with 
good growth opportunities and others that 
o#er value or recovery. This creates a blend of 
companies with solid but average pro!its and 
those with the potential to recover and make 
stronger pro!its in the years ahead.
SMOOTHING MARKET FLUCTUATIONS
Investors can also use pound-cost averaging to 
help reduce the e#ects of market volatility and 
investment risk. The basic principle is simple. 
Instead of investing a lump sum all at once, the 
investor splits the sum into smaller amounts and 
invests these over a period of time. 
This has the e#ect of smoothing out market 
!luctuations, as each investment is made at a 
di#erent price. Over time, this can help to reduce 
the overall cost of the investment and increase 
the chances of achieving a positive return. Of 
course, pound-cost averaging does not guarantee 
success, but it can be a useful tool for managing 
risk in volatile markets.
HELPING INVESTORS REDUCE THE RISK 
By doing this, investors also have the potential to 
buy more shares when prices are low and fewer 
shares when prices are high. As a result, pound-
cost averaging can help investors reduce the risk 
of buying shares at an in!lated price.
No matter what method an investor uses 
to reduce investment risk, it is important to 
remember that no investment is completely 
risk-free.. 
THE VALUE OF YOUR INVESTMENTS CAN 
GO DOWN AS WELL AS UP AND YOU MAY GET 
BACK LESS THAN YOU INVESTED.
TAKING THE COMPLEXITY OUT OF 
MANAGING YOUR OWN PORTFOLIO
We are committed to delivering the best 
possible performance for our clients’ 
long-term success. Our goal is to take the 
complexity out of managing your own 
portfolio and provide in-depth advice on 
making the most of your investments. To !ind 
out more, speak to us to discuss your options.
INVESTMENT  23
///  THERE ARE FOUR MAIN ASSET CLASSES WHEN 
INVESTING:  CASH,  FIXED INCOME,  EQUITIES AND 
PROPERTY.  EACH HAS DIFFERENT CHARACTERISTICS 
WHICH CAN MAKE THEM MORE OR LESS SUITABLE FOR 
DIFFERENT INVESTORS,  DEPENDING ON THEIR INDIVIDUAL 
CIRCUMSTANCES AND INVESTMENT OBJECTIVES.
24  FINANCIAL PLANNING
MILLIONS WANT TO STICK WITH LOCKDOWN LIFESTYLE CHANGES
The COVID!19 pandemic has been incredibly di$icult for everyone and 
made a huge impact on the lives, personal !inances and jobs of millions 
of people. The restrictions introduced during the pandemic were forced 
on the nation and it was assumed that once they ended, people would 
quickly return to their lifestyles before lockdown.
RELUCTANT 
TO RETURN
However, new research
[1] has highlighted 
how the pandemic has caused millions 
of people to re-evaluate their priorities, 
and now many want to keep the changes that 
they were forced to adopt. Working from home, 
for example, was something that before the 
pandemic was done perhaps once or twice a 
week, if at all.
CLOSE BONDS OF FAMILY AND FRIENDSHIPS
But for many, it has now become common 
practice and they are now reluctant to return 
to their commuting lifestyle. Similarly, many 
people appreciate the convenience of remote 
parents’ evenings, !inancial advice and doctors’ 
appointments and want to continue doing 
these remotely.
The pandemic, lockdown and accompanying 
upheaval in our lives have made people 
appreciate the importance of close bonds of 
family and friendships and many want the 
changes introduced during lockdown to continue 
to give them more time to spend with the people 
that are important to them.

21m say life after lockdown has made them 
more focused on their family.

18m say they want to continue working from 
home.

41% (21m) of those with a family say they 
have become more focused on their family 
compared to before the pandemic.

38% (15m) of workers have become more 
focused on work-life balance.

32% (16m) have become more focused on 
hobbies and interests and 45% (23m) are 
more focused on their health.
INCREASED ACTIVITIES
Many activities that increased during the 
pandemic – such as working from home, online 
shopping and remote parents’ evenings – people 
want to continue. A signi!icant  proportion want 
to stick with changes – such as remote GP 
appointments – that were forced upon them by 
the pandemic.
The research looked at activities that 
increased during the pandemic and found:

91% (32m) of those that exercised more 
during the pandemic want to continue this.

79% (18m) of those that worked from home 
during the pandemic want to continue 
working from home.

76% (23m) of those who did online grocery 
shopping want to continue.

68% (9m)  of those that were able to do the 
school run more during the pandemic want 
to continue doing it.

65% (12m) who received remote !inancial 
advice want to continue doing so.

58% (10m) of parents that did remote parents’ 
evenings (conducted by zoom or phone) 
want to continue them.

44% (17m) of those that did remote GP 
appointments want to continue them.
Wealthier households are faring best.
ELEMENTS OF LIFE
When people were asked what elements of their life 
have improved or worsened compared to before 
the pandemic. UK adults are generally more likely 
to say their !inances, !itness and stress levels have 
deteriorated compared to before the pandemic.
However, some 27% of workers said their 
work-life balance is better now than before the 
pandemic, compared to 12% who say it is worse.
BETTER WORK!LIFE BALANCE
The mass a$luent group – those with assets of 
between £100,000 and £400,000 excluding 
housing – appear to have fared better than the 
general population. 25% said their !itness was 
better than before the pandemic compared to 
18% of the general population.
27% said their relationship with their partner 
was better compared to 21% of the general 
population who had a partner. And 32% of 
employed mass a$luent said their work-life 
balance was better, slightly higher than the overall 
working population (27%) 
Source data:
[1] Research from LV= Wealth and Wellbeing 
Monitor – a quarterly survey of 4,000 UK adults 
– reveals the COVID pandemic, lockdowns and 
ending of COVID restrictions has changed 
people’s attitudes to work and family life. 
I AM READY TO START  
A CONVERSATION
Find out how we can help guide your future 
plans. If you would like to reassess your 
current !inancial situation and review your 
goals, we’re here to listen. 
FINANCIAL PLANNING  25
///  THE PANDEMIC,  LOCKDOWN AND ACCOMPANYING 
UPHEAVAL IN OUR LIVES HAVE MADE PEOPLE APPRECIATE 
THE IMPORTANCE OF CLOSE BONDS OF FAMILY AND 
FRIENDSHIPS AND MANY WANT THE CHANGES INTRODUCED 
DURING LOCKDOWN TO CONTINUE TO GIVE THEM MORE TIME 
TO SPEND WI TH TH E PEOPLE TH AT ARE I M PORTANT TO THEM.
MORE INVESTORS ALIGN INVESTMENTS WITH PERSONAL VALUES
Over the past few decades, there has been a growing interest and 
awareness in investing in companies that take into account environmental, 
social and governance (ESG) factors. 
INVESTING FOR  
POSITIVE CHANGE
This type of investing – also known as 
sustainable, responsible or impact investing 
– aims to generate both !inancial returns 
and positive social and environmental impacts.
INVESTMENT PORTFOLIOS
The origins of ESG investing can be traced back 
to the 1960s, but it was in the 1970s that the 
environmental movement gained momentum, 
with investors increasingly calling on companies 
to address issues such as pollution and resource 
depletion. And in the 1990s, corporate governance 
came into the spotlight following a series of high-
pro!ile corporate scandals.
ESG investing has its roots in the !ield of 
responsible investing (RI), which emerged as 
a response to growing concerns about the 
negative social and environmental impacts 
of businesses. RI investing initially focused on 
screening out companies with poor ESG records 
from investment portfolios.
CORPORATE BEHAVIOUR 
Over time, RI evolved into a more proactive 
approach that seeks to engage with companies 
on issues related to their ESG performance and 
in!luence corporate behaviour for positive change. 
This is often referred to as ‘active ownership’ or 
‘impact investing’.
Today, ESG investing is a mainstream 
investment strategy used by institutional 
investors and individual investors alike. In fact, 
one in six investor respondents to a global 
responsible investing survey are committed 
to aligning their portfolios to net zero, with a 
further 42% intending to align their investment 
portfolios to net zero before 2050[1].
RESPONSIBLE INVESTMENTS 
While debate continues about whether doing well 
(!inancially) and doing good (morally) need not be 
mutually exclusive, the survey !inds that more than 
two-thirds (69%) of respondents with exposure 
to responsible investments are satis!ied or very 
satis!ied with their returns to date. 
Increasingly, investors are also re!lecting more 
on what it means to be ‘responsible’. Speci!ically, 
many are actively considering what impact their 
investment approach can have on society and the 
environment. The survey identi!ied one of the main 
reasons for including responsible investments in 
portfolios is the perception that they will lead to 
better risk adjusted returns when compared to 
‘traditional’ investments. 
PERSONAL VALUES
Investors’ concerns around major ESG issues 
continue to rise, and many are in the process 
of addressing at least some of these in their 
investment strategies. For some, it’s simply a 
matter of aligning their investments with their 
personal values. 
Others believe that companies that manage ESG 
risks well are likely to be more !inancially successful 
over the long term. And still others see ESG 
investing as a way to generate positive social and 
environmental impacts. 
Source data:
[1] Aon’s Global Perspectives on Responsible 
Investing Report January 2022.
THE VALUE OF YOUR INVESTMENTS CAN 
GO DOWN AS WELL AS UP AND YOU MAY GET 
BACK LESS THAN YOU INVESTED.
HOW CAN YOU MIX IN ESG  
INTO YOUR PORTFOLIO?
Climate change, demographics, biodiversity 
and the need for social justice are at the top 
of the agenda for many investors. The world 
of investment is catching up. An increasing 
number of funds now boast of their ESG 
credentials. If you would like to discuss how this 
could form part of your portfolio, please contact 
us for more information.
Published by Goldmine Media Limited
Basepoint Innovation Centre, 110 Butter!ield, Great Marlings, Luton, Bedfordshire LU2 8DL
Articles are copyright protected by Goldmine Media Limited 2022. Unauthorised duplication or distribution is strictly forbidden.
26  INVESTMENT