In the Chinese animal zodiac 2020 is the year of the rat and what a ratty year it has been!
Who at the beginning of the year would have predicted how devastating the coronavirus pandemic would be? I remember writing a blog on 4th February 2020 in which I said: “this is obviously a serious matter and could easily result in a global financial crisis and one headline asks; ‘is China's Coronavirus the next Black Swan?”
The Happiest Man on Earth
“The Happiest Man on Earth I listened to an inspiring radio interview with Eddie Jaku who has just written a book entitled “The Happiest Man on Earth” Eddie has just celebrated his 100th birthday which is amazing considering he survived the horrors of Nazi concentration camps. He was rescued by American soldiers after spending three months living in a cave and eating slugs and ...
Is now a good time to arrange an annuity?
“Is it a good time to purchase an annuity”?
The thinking is that now fund values have increased since the March 2020 crash it might make sense for some people, especially those with relatively small drawdown pots, to purchase an annuity.
I understand from several annuity providers that annuity sales have increased significantly so it will be helpful to see if there is a case for purchasing annuities at the moment.
The recent fiasco with exam results in the UK highlights the risk and dangers of using algorithms to solve complex problems. The algorithm unfairly disadvantaged students from less privileged backgrounds.
This touched a raw nerve with me because I have always wondered whether robo financial advice disadvantages those with small amounts of financial wealth.
Annuity secrecy: the cost of pension kickbacks
The big picture – When you purchase an annuity from a broker they will get paid commission What's the problem? – Commission was banned for financial advisers in 2013 What can de done? – Get financial advice before you arrange an annuity. Ali Hussain wrote a very good article in the Times newspaper on Saturday 18th July in which he highlighted the commissions paid on non-adv ...
When we talk about risk most people automatically think about investment risk. However, important as it is, this is only one of the risks that you need to watch out. Managing retirement risks There are many other different risks you should take into consideration during your retirement. These range from the risk that you might be too cautious and therefore get locked into low r ...
Timing Your Retirement
Question I am thinking about retiring soon and converting my pension pot into cash and income. Is this a good idea at the present time because the value of my fund has fallen or would it be better to delay until next year? Answer This is great question because a lot of people will be thinking about this. Although it is a simple question, the answer is complex. Generally speakin ...
Investing is like farming
Much has been written about how advisers and their clients have reacted to the recent crash in global financial markets. The first reaction is to tell clients that there is no need to panic but this may come across as patronising unless there are good reasons to stay calm. No need to panic There should be no need to panic if an investment portfolio is set up correctly in the fi ...
As more people are considering purchasing annuities because the recent stock market crash makes drawdown appear more risky it may be tempting to get quotes from a non-advised broker. But why would anybody arrange an annuity without advice when they can get a potentially better outcome by taking specialist annuity advice? As I explain in this article, not only is advice potentia ...