With new pension freedoms available to since 2015 everyone aged over 55, the need to understand how much you can withdraw safely each year, without the money running out has never been more important.
There has been some coverage in the business press about Standard Life buying the Elevate platform from AXA Wealth. For those clients with investments on the AXA Elevate platform, a letter will be dropping through your letterbox to let you know the process is now complete. We want to take this opportunity to let you know that there should be no change to your investments, the platform charges, or the services we provide.
Following the EU referendum, markets are no less predictable than before the vote, which basically means they will remain unpredictable! We have always said that markets dislike uncertainty, but this is something that we will be living with for some considerable time.
Despite some early volatility, the investment market fallout from the referendum decision has been fairly benign. Perhaps one of the more significant Brexit consequences to date was the decision by Standard Life Investments and others, to suspend trading in their UK property funds.
Robert had been through a difficult time when he came to us. His mother had died, and his Dad was suffering with dementia and in need of full time care. Thankfully, a Lasting Power of Attorney (LPA) was in place, with Robert as attorney for his father’s affairs. After making the difficult decision to sell the family home to pay for his father’s care home fees, Robert now faced the challenge of reducing his father’s potential inheritance tax (IHT) liability; something he knew his father had also wanted to do so that Robert and his family enjoyed as much as possible.