Thank you for completing our inflation healthcheck

You may be a long way from retirement, but are you getting the best service from your adviser?

You’ve got your financial plan in place. But even though retirement isn’t a near-term event for you, investment decisions you make now could have a big impact on your lifestyle in retirement.

When was the last time you checked in with your 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.

Do you understand the negative effect inflation has on your cash savings?

As consumers, most of us will be feeling the impact of rising prices on our day-to-day spending, especially the soaring price of energy. However, in a recent Schroders Personal Wealth survey, only half of respondents were aware of the impact of inflation on their cash savings – are you?

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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.

Read more on investing long term

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.