Enable’s experienced IFA’s in Bishop’s Stortford have seen several changes of government and numerous changes of policy. Keeping abreast of changing financial rules and regulations is part of the service. So it is interesting to see what if any changes investors are making to their investments in the run up to the general election.
Many savers with ISA’s, pensions and cash invested in wraps or other forms of portfolios might be asking themselves if there is anything they should be doing. According to a poll from online financial services firm Interactive Investor, when they asked their respondents whether they were planning to make changes to their portfolios, 20.6 per cent of the 11,000 strong poll said they were cutting exposure to some sectors or were increasing exposure to non-sterling earnings and a further 30.4 per cent said they were waiting for the election results before making any changes. But perhaps more significantly over half of those polled said they were investing for the long-term, and that the election blustering is “all just noise”.
Enables’ IFA’s know that most significant financial investments have to be seen as long term and sometimes even the volatility of the short term is not all bad. Interactive Investor head of investment Rebecca O’Keeffe said in response to the poll, “Whilst recent elections have rarely had a long-term impact on markets, there can often be short-term moves and sector changes, which could increase volatility and provide market opportunities”. Pre-election nerves, may be creating some short term concerns about the prospects of the UK but it is important with financial investing to keep your eye on the long-term.
Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 – Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE