What is diversification?

If you’re new to the investment world, or even if you’re not, it’s likely that you’ve heard the term ‘diversification’ used in relation to your investments. However, you’re certainly not alone if you don’t have a clear idea of what the word actually means for your investments. Read on, and learn everything you ever wanted to know about diversification, but were afraid (or didn’t have the time) to ask! As a starting point, you’re most probably aware of the proverb that warns you about putting all of your eggs in one basket. In essence, that’s what diversification is all about. Diversifying means creating a portfolio that includes multiple investments, which in turn reduces risk. Think about i

Defined benefit pension transfer: is it worth it?

When it comes to saving for retirement, most people working within the private sector are likely to have a defined contribution (DC) pension. This essentially provides you with a savings pot you pay into throughout your working life; these savings grow over time through compound interest and tax relief and are, in most cases, only drawn upon once you retire. However, those working in the public sector, such as the NHS, the police and state education, instead have a defined benefit (DB) pension which works under an altogether different system. Rather than a pension pot which is paid into by you, DB pensions depend upon three factors: your pensionable service, calculated through how long you h

December Market Commentary

Introduction Well, for the second time this year the pollsters and the bookmakers had it spectacularly wrong. First Brexit, now President-elect Donald J Trump. By 306 Electoral College votes to 232 the 70 year old billionaire overturned the predictions and beat Hillary Clinton. Yes, there is still the small matter of challenges to the result in three states, but we can expect to see Trump sworn in as the 45th President of the United States on 20th January. What of the rest of the world? In the UK the new Chancellor, Philip Hammond, delivered his first Autumn Statement – and then promptly announced that it would also be his last. In France it now looks like next year’s Presidential race will

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