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Charlotte Ransom answers the question: 'My son wants to buy a flat within three years - what should he do with his £75k inheritance?'
The risk is that the Bank, having contributed to higher inflation, now tightens too much and delivers a recession, too. Given this, there is a strong case for a pause in the tightening cycle."
Clive Page, who is in his early 60s and lives in Warwickshire, decided to move his money to Netwealth, a low-fee discretionary wealth manager that launched in 2016. The site charges a fee of up to 0.7 per cent to manage customers’ money.
Gerard Lyons, a strategist at Netwealth [...] said: 'The key message that comes through is the second round effects and the persistence problem. On current trends, inflation will settle far higher than the 2pc target"
Gerard Lyons, chief economic strategist at investment manager Netwealth, said people should generally be “wary” of finance in the shadows..."
Charlotte Ransom's answer: When investing your savings, it’s important to understand what your risks are [...]"
Charlotte Ransom, CEO and founder of Netwealth, said: “The very high number of people struggling to track down all their financial assets is deeply worrying. More needs to be done to ensure savers can easily find and access their investments and, ideally, view them holistically.”
New entrant Netwealth combines hourly fees, ongoing advice (0.35%) and advice packages looking specifically at pensions contributions (£300) and drawing your pension (£1,200).