Column supplied by Wessex Pensions
EUROPE
Who would have thought that in the space of 5 days the UK would have voted to leave the EU, David Cameron would resign and England would get knocked out of EURO 2016 by Iceland. The historic referendum on Thursday 23 June was completely misjudged by the markets, and even Nigel Farage thought the remain camp had won. The country is now in the hands of the Politicians and we hope
Daniel Parkin
the United Kingdom can remain united for this period of uncertainty we now face, and let’s get some true facts rather than the variety of predictions and hypotheses from each camp. This recent vote shows what effect such shocks can have on the markets and is a reminder that investments will always carry an element of uncertainty and can go down as well as up. This volatility is arguably the time when investors can make money rather than lose money by simply staying put, remain invested in a diversified portfolio and not panic. The markets do not like uncertainty and we are definitely in a period of
“uncertainty” at the moment, with downward pressure on interest rates, the threat of inflation and the new pensions rules allowing members to potentially cash in their pension fund from the age of 55. All I would urge is caution. We are expecting a bumpy ride, however, it appears the Bank of England will be doing its utmost to keep the economy stable and recently provided £3.1bn of liquidity to banks following the outcome of the EU Referendum, as well as announcing more than £250bn availability to help stabilise the markets. The need for financial advice in times such as these becomes more important and rather than rely on media headline news, speak to a financial adviser or if you are over 50, you can speak to the Government’s free and impartial service at Pension Wise on 0800 138 3944
For more information about pensions, telephone Daniel Parkin on 07801 432182 Address: 17 Headlands Business Park, Salisbury Road, Ringwood, Hampshire, BH24 3PB
fire
BY DESIGN
Following a rebranding and the launch of two new divisions: Fire by Design and Energy by Design, the Low Carbon Energy Centre in Wimborne invited customers to a celebratory barbecue. Specialising in the design, supply and installation of renewable technologies including solar panels, wood-burning and multi-fuels stoves, heat recovery, biomass and rainwater harvesting, the company has two impressive showrooms at 13A and 13D Riverside Park in Wimborne. The rebranding was completed on schedule by BrightBox Designs. For more information visit www. lowcarbonenergycentre.co.uk or give them a call on 01202 888561.
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VIEWPOINT July 2016
L-R Nikki Williams, Chris Roper, Richard King and Sarah Nduva