Insights: October 2024

Welcome to the latest edition of Insights, your quarterly round-up of financial planning analysis and news – exclusively curated for Evelyn Partners clients.

16 Oct 2024

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Your essential wealth management news

Welcome to the latest edition of Insights, your quarterly round-up of financial planning analysis and news – exclusively curated for Evelyn Partners clients. In this edition, we discuss planning for the life you want to live in the short, medium and long term. There are many aspects that could impact your financial plans, whether this be changes in your personal life or external factors, such as the new government and upcoming Budget. It’s important to remember that these elements should not necessarily derail your goals. In fact, in some instances, change can provide new opportunities. We hope you find this edition insightful and useful. If any of this content prompts ideas or questions about your own investments or financial plans, please don’t hesitate to get in touch with your usual Evelyn Partners adviser.

1. Planning for change - allowing for changing financial goals

Change is one of life’s few guarantees. Your financial circumstances are also prone to change. However, with the help of your financial planner, it is possible to adjust your plan to allow for these changes but stay secure and comfortable.

You, or a loved one, may experience a life-changing event... Whatever the situation, it is possible to adjust your plan and give you clarity and comfort when showing you what this could look like.

Sally Beresford, Partner

2. The interest rate drop. What does it mean for you and your financial plan?

A cut in interest rates is usually seen as good news for borrowers and bad for savers, but the situation is not quite so cut and dry. So, the question is, what does this reduction ultimately mean for your financial plan and your life? Your financial planner and an investment manager can help you to take advantage of certain opportunities and mitigate the impact of others.

A group of three people - two woman and a man - sit around a laptop, looking at the screen.

Big announcements are anticipated in Labour’s Budget on 30 October 2024

Keep up to date with our Autumn Budget coverage.

View our Budget hub now

3. The ABCs of IHT

Inheritance tax (IHT) and estate planning are key aspects of your long-term planning. However, they also present a maze of acronyms, jargon and complex legislation. Frozen thresholds along with rumoured changes to the current IHT regime in the upcoming Budget mean it’s more important than ever to think about this aspect of your financial plan. Here, we break down some of the phrases you should be aware of.

4. Combined wealth management

You work closely with your financial planner. That’s great news, but did you know working with one of our in-house investment managers could help to unlock the true potential of your money? Here, we take a deeper dive into our combined wealth management service, looking at the roles of a financial planner and an investment management, along with how they work together to help your financial plans and goals to come to fruition.