Thank you for completing our inflation healthcheck
You may have your financial plan in place, but are you getting the best service from your adviser?
We understand that you might feel that you’ve done the hard work - you’ve put a financial plan in place.
But changes in financial conditions, such as higher inflation, could impact your investments. When did you last check in with your financial adviser?
Check your results below.
Review your portfolio
Your answers suggest inflation could have a meaningful impact on your current savings and/or investments. It may be worth reviewing your current financial plan and speaking to your adviser. Do you know how much you pay for advice? We could potentially save you money.
£50,000 savings could be worth £41,305, after 10 years
The impact of inflation could result in savings of £50,000 being worth only £41,305, in relative terms, after 10 years, resulting in a loss in spending power of £8,695.
In times of financial stress, such as the current cost of living crisis, it is usually sensible to have an ‘emergency fund’ that you can easily access for any increases in your day-to-day outgoings. However, this needs to be carefully balanced against the eroding effect of inflation on any excess cash you are holding which the graph illustrates.
1 in 4 people are delaying retirement - what about you?
With inflation recently hitting a 40 year high, our finances are being squeezed as the cost of our food and fuel continue to rise. Our research shows that a quarter of UK adults over the age of 55 will have to delay their retirement by at least four years due to rising inflation. How will your retirement plans be affected?
of UK consumers don't know how much income they will need for retirement.
Source: Schroders Personal Wealth 'Inflation Watch Report', August 2022.
In it for the long haul: why invest for the long term
More so now than ever, the current challenging backdrop of sky-rocketing energy prices and the cost of living crisis means many of us are worrying about affording our bills over the next few months rather than how healthy our finances could be in a decade’s time. But concentrating on the short term could be putting your longer-term goals in jeopardy.
Let's start with a free initial consultation
We'll begin with a free, no obligation conversation to understand if our service is right for you. There are no hidden fees or charges, and you’ll only pay if you choose to go ahead with the recommendations in your personalised financial plan.