Interest rates in the UK have remained unchanged for a year now and with inflation on the rise there has been much conjecture about when they may increase.
During the latest meeting of the Bank of England’s Monetary Policy Committee members voted 6 – 2 to leave interest rates on hold at 0.25 per cent and it lowered its inflation, growth and wage forecasts, as the UK faces months of uncertainty surrounding Brexit negotiations.
Bank of England Governor, Mark Carney, announced in a press conference that business investment was slower than expected thanks to Brexit.
“It’s evident in our discussions across the country with businesses that uncertainties about the eventual relationship are weighing on the decisions of some businesses,” he added.
While those with debt might welcome the freeze on interest rates, those with savings will continue to see their money languish in accounts with poor interest rates, which is why it is essential that those with surplus savings consider diversifying their portfolio to maximise their return, whether it is through bonds, stocks or shares or even investment in tangible assets.
In today’s complicated marketplace, professional and impartial advice is paramount when it comes to finding the best solutions to meet your clients’ financial needs.
MT Financial Management is a firm of Chartered Financial Planners that provides independent and unbiased financial planning, investment portfolio management, pension review and trust review services to the clients of Moore Thompson Chartered Accountants and selected professional introducers.
We offer an initial meeting at our cost and with no obligation, so that your clients can decide whether they wish to use our services before incurring any costs.
We will agree a fixed fee to provide a review of your clients’ current financial situation, so that our experienced and independent financial advisors can determine whether their financial arrangements are appropriate, and recommend areas that need improvement. Of course, our proposals will be comprehensively explained, so your clients can make informed decisions about any suggested changes.
All of our advisors are qualified to Chartered Financial Planner status, providing their high levels of technical knowledge and experience on a fixed cost basis.
As our fees are agreed in advance, we are not tied to promoting particular solutions and can focus on providing the best professional advice.
To find out more about our services, please contact Trevor Wilshire on 01775 717220 or visit www.mtfinman.co.uk.