01278788646 enquiries@pwcltd.co.uk

February 2021 Update

1st February 2021

As January passed it was positive to hear of clients starting to be called for their first dose of Covid vaccine, and in a few cases receiving both jabs. This can only offer optimism for a better future as we endure the ongoing lockdown measures.

Investment markets for the most part have priced in improvements to the economy already based on the strong returns since the vaccine announcement in November. However, January was not smooth and this ongoing volatility is likely to be a feature of 2021 as prices adjust to events. This is a normal part of investing.

Since the start of the year our service has again eliminated face to face contact. However, the business is still fully open. Call, write, or email as usual. Video calls via your preferred software are available. Lucy, Jonathan, Sioned, Suraj and Malcolm are working from home and the office from where Jenni, Alex and Janet are working, is the co-ordination hub, post & scan room and call centre.

However, it is a really good time to be thinking about your finances:

1. 3 March 2021 Budget may change the taxation landscape because of the need to pay for the pandemic, so make sure you have maximised allowances and exemptions before the end of the tax-year;

2. Market improvements means that a diversified portfolio will have recovered noticably from March 2020 lows, so no need to be scared of looking;

3. Historic low interest rates, including last Autumn's savage National Savings rate cuts means deposits need to be reviewed;

4. Forward planning for the new circumstances remains vital to establishing and achieving personal financial goals. If there have been developments in your personal position, we can advise you better if we are up to date.

We have published our usual investment commentaries here for your late Winter consideration.

Best wishes to you all and we look forward to seeing you again when it is safer.

Jenni, Alex, Lucy, Jonathan, Sioned, Suraj, Janet & Malcolm.

Daffodils January 2021

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Positive Wealth Creation Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 481182 http://www.fca.org.uk/register.

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