Tuesday, 13 September 2016

"HatTip" - Don't Put All Your Eggs In One House

Funding Your Retirement Solely by Downsizing the Family Home: A Dangerous Game

"According to a recent survey from Barings, around three million people are planning to fund their retirement solely from the proceeds of 'downsizing' their family home."

The above is from an article by former Pensions Minister Steve Webb. Mr Webb was unique for a Pensions Minister in that:
  1. He generally knew his brief.
  2. He held the post for five years. Before his tenure "The Blair Brown Project" truly was a horror story: between 2001 to 2010 alone, there were eight (!) Secretaries of State for Work and Pensions.
Mr Webb's article was on the subject of downsizing the family home. Downsizing involves selling your current house to purchase a smaller, less expensive one, and in so doing realising a chunk of capital. Downsizing is a common theme in discussions with our retired clients. However, it is only

Tuesday, 28 June 2016

"HatTip" - Brexit!

Below is a cut 'n' paste from an email sent to all clients this morning.

We all get way too many emails. This is one of the reasons I don't bombard you with them. However, we live in interesting and unsettling times presently, and I hope you forgive this unsolicited entry to your "Inbox"!

Obviously, I am touching base with you on the back of last Thursday's EU Referendum result. Whichever way you voted, the outcome is what it is.

Let's quickly recap: UK markets, sterling etc went up strongly a week or so before 23rd June 2016. Although no-one really knows what individual factors drive markets,

Sunday, 7 February 2016

"HatTip" - Mother to Son: "I have no idea what you do."

When your mum asks you how your clients are handling the bad news around the markets and you answer "Very well: they have been silent", I guess you are asking for trouble.

But that is why I am called Nick "Trouble Is My Middle Name" Lincoln: brave to a fault, I go where others fear to tread. And if antagonising your mother is not a sure fire route to perdition then I do not know what is.

Now I do not rile her deliberately; I am fond of my mother - she has been like a parent to me. But she