
Placing a cost on retirement
Placing a cost on retirement How much income do you need for a comfortable retirement? New research has put a post-pand…
Read moreAs inflation hits a 30-year high in the UK, double-digit price increases could be on the horizon.
At the start of 2021, inflation, as measured by the CPI yardstick, was running at a benign 0.7%, having been driven down by the impact of the pandemic. A year later, the rate had jumped to 5.5%, close to triple the Bank of England’s official target of 2%.
In mid-March, the Bank of England said, “Inflation is expected to increase further in coming months, to around 8% in 2022 Q2, and perhaps even higher later this year.”
As the OBR suggests, one of the main drivers of high inflation is the surge in energy prices, which was exacerbated by the Russian invasion of Ukraine. However, other commodity prices are on the rise and hospitality prices have had to reflect an April VAT rise from 12.5% to 20%.
The worry for the Bank of England is that price increases will feed through to wage demands, producing self-feeding inflationary spiral.
So far, the Bank of England has raised interest rates in 0.25% steps.
In simple terms, for the time being, deposits will continue to see their buying power eroded, whether or not interest is accumulated. If you have more than your rainy-day reserve sitting in cash, you need to have a very good reason or, better still, a discussion with us.
Interested in finding out more?
Seeking a second opinion on your financial future costs you nothing.
Simply call our friendly team on 00121 368 5624 or drop us an email to appointments@oaklandswealth.com to arrange a confidential chat.
Oaklands Wealth Management, founded by Helen Blackburn in 2004 advises clients across the UK on retirement planning, pensions & investments.
Her firm holds British Standard BS 8577 for client service & investment process.
Minimum investment is £500,000 (£650,000 for pension transfers).
Placing a cost on retirement How much income do you need for a comfortable retirement? New research has put a post-pand…
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Read moreIt’s easy to move on from another advisor.
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“When my circumstances changed through divorce I visited Helen at Oaklands Wealth where she very clearly explained all my options in a way I understood. I’m very pleased with the outcome from the pension and investment advice and Helen couldn’t have been more friendly and helpful.”
“Following my divorce, Helen took complete control of consolidating all my individual pensions into one product after advising me carefully what she considered the best product for my needs and risk profile. She explained everything clearly in language I understood, and my investment is achieving far greater growth than expected.”
No half measures. We don’t set it up then leave you all at sea. We manage your investments ongoing and hold ourselves accountable for steering you through your financial journey.
This phrase came from a client who said that’s exactly what we felt like to him, he said “you are like a friend or good neighbour who’s always got my best interests at heart.”
Whatever the reason you come to us we care. We really care. Like it’s our own money.
Tidying up bit and bobs of pensions and putting them neatly in a pot you have full control over.
Maybe transferring a final salary pension if your objectives are better met with your own pension.
Making sure you get all the tax efficiencies legally available to you to enhance your money.
Pointing the microscope on 3,000+ funds and finding the best ones to secure your retirement.