Worldwide Financial Planning

This week the government won a hard-fought compromise in its Brexit negotiations.

In years gone by, retirement was straight forward. You built up a reasonable fund of money and bought an income for life through an annuity. It was guaranteed and you had a few choices to think of: rising or flat income; guaranteed length of time after death; and spouse’s or children’s benefits were the key items to consider.

This week saw the historic meeting between Donald Trump and Kim Jong-un in Singapore.

Since the introduction of new more liberal pension rules, 53% of pension pots accessed have been fully withdrawn. There is enough bait there for the unscrupulous. In 2016 during a three-month period, one in three people aged over 55 were targeted by pension scams.

This week, Brexit Secretary David Davis has taught us that the best way for a senior cabinet member to secure a date with Theresa May is to threaten to quit.

Perhaps the greatest investment-making decision flaw of all, is the self-inflicted psychological torture of FOLO - the fear of losing out. More often than not, the loss or gain is actually imagined, but that drive leads 250 people per day to fall foul of investment scammers.