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Coronavirus

During this unprecedented time with the Coronavirus pandemic, we wanted to share our insights on this page covering financial planning topics which may help you.

 
 
Updated 08/01/21: COVID-19 Financial Support Matrix V10.0

Updated 08/01/21: COVID-19 Financial Support Matrix V10.0

January 8, 2021

These current events we are all going through have been unprecedented and worrying for many, especially those who fear for their jobs, or their businesses. I have put together a matrix (which is updated regularly as new information comes out) to summarise the main announcements and who they may benefit. The latest version of the matrix is now available.

Category: Coronavirus, Financial News & Events

 
Money Planning during COVID-19 pandemic

Money Planning during COVID-19 pandemic

October 30, 2020

Now, more than ever, we need money planning, to bring our own financial house in order. During good times you can get away with carrying a little extra debt and having a loose budget. But when the economy contracts you need to be in control of your finances. You see, we cannot control the global economy, but we can control – to a certain extent – our personal economy.

Category: Coronavirus

 
Is redundancy on the cards? now is the perfect time to take control of your finances

Is redundancy on the cards? now is the perfect time to take control of your finances

September 11, 2020

The furlough scheme is reaching its final chapter, and inevitably, that’s led to more redundancies hitting the headlines. If you haven’t been motivated before, now is the perfect time to get financially well organised. This is something everyone can do; even if you don’t know where to start when it comes to managing your money, with a few simple steps you can take control and be prepared.

Category: Coronavirus, Financial Planning

 
The thinking behind Sunak’s summer statement

The thinking behind Sunak’s summer statement

July 19, 2020

I was driving home on Wednesday after a few days in Devon with my family and we were listening to Rishi Sunak’s summer statement. It struck me that this is a pivotal point in the UK’s economic history, because we’re facing an economic situation we haven’t really seen before. The recession we’re in now is […]

Category: Coronavirus, Financial News & Events

 

Coronavirus: New support package for innovative firms

July 10, 2020

The Government announced £200m of accelerated, and £550m of new, financial support for innovative small and medium-size firms would be available through the Innovate UK’s grants and loan scheme. In addition, a new Future Fund will provide convertible loans, to UK-based innovative companies, of between £125,000 to £5m, subject to at least equal matched funding from private investors. Read this article to find out more.

Category: Coronavirus

 
Update on the Furloughing schemes

Update on the Furloughing schemes

June 8, 2020

The Chancellor Rishi Sunak has announced the end of the Coronavirus Job Retention Scheme (CJRS), which will phase out and finish in October, alongside the Self-Employed Income Support Scheme. Read this article to find out more.

Category: Coronavirus

 
Navigating the Coronavirus – Part 4: Economic Recovery

Navigating the Coronavirus – Part 4: Economic Recovery

May 18, 2020

The headlines are now turning to the future looking at how deep a recession may be and the shape of the economic recovery. We can only wonder how the economy will recover and how long it will take. Many experts talk of the ‘shape of the recovery’ using names such as V U W or L to name a few. Read this article to find out what these shapes mean and what to expect with the economic recovery.

Category: Coronavirus, Financial News & Events

 
Investments: what is portfolio rebalancing?

Investments: what is portfolio rebalancing?

April 22, 2020

The asset allocation or the investment mix of a portfolio is designed to meet an appropriate risk profile of an investor and typically consists of Global Equities and Global Bonds. Rebalancing a portfolio is the process of bringing the current asset allocation back into line with the original or intended asset allocation.

Category: Coronavirus, Saving & Investing

 
Coronavirus Business Interruption Loan Scheme (CBILS)

Coronavirus Business Interruption Loan Scheme (CBILS)

April 7, 2020

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. Read this article to find out more.

Category: Coronavirus

 
Coronavirus: Universal Credit

Coronavirus: Universal Credit

April 7, 2020

A lot of people have had their livelihood impacted because of the coronavirus, such as employees who have been made redundant and self-employed individuals whose turnover has stopped, and many are struggling to find out if they are eligible for Universal Credit, and how it will affect their finances. Read this article to find out more.

Category: Coronavirus

 
Navigating the Coronavirus – Part 3: Health & Wellbeing

Navigating the Coronavirus – Part 3: Health & Wellbeing

April 4, 2020

How are you are keeping at these unusual times? How have your first two weeks of lockdown been? What have you been up to? I wanted to share a few things with you that we have been doing in our household, which may provide some light entertainment for you and your family during this tricky time.

Category: Coronavirus

 
Navigating the Coronavirus – Part 2

Navigating the Coronavirus – Part 2

March 30, 2020

Last week the Dow Jones Industrial Average (The Dow), which is the oldest U.S. stock market index, posted its biggest single-day percentage gain since 1933, up over 11% in one day! Volatility both ways (up and down) remains off the charts with all of the year’s best and worst days happening in March. So what’s happening?

Category: Coronavirus

 
Corona Virus Act on help for the self-employed

Corona Virus Act on help for the self-employed

March 30, 2020

On 25 March the Coronavirus Act 2020 received Royal Assent. It is a bumper piece of legislation, running to 348 pages and covering a wide range of areas (many excluding Scotland because of its devolved powers), including: Food supply; Statutory Sick Pay (SSP) modifications, such as the funding of the employer’s liabilities; Suspension of the rules […]

Category: Coronavirus

 
Coronavirus Job Retention Scheme

Coronavirus Job Retention Scheme

March 30, 2020

On 20 March, the Chancellor announced the Coronavirus Job Retention Scheme (JRS). The Government has now published fresh guidance on the scheme, providing further information. Discover what the main points and how they could affect you.

Category: Coronavirus

 
Market Volatility and Covid-19

Market Volatility and Covid-19

March 1, 2020

Most likely you would have heard in the news that the world stock markets have retraced some of their growth, that’s the same, non-emotional way as the news headlines saying ‘trillions of dollars have been wiped off the value of the world’s companies’. What they did not tell you is that in the preceding months, […]

Category: Coronavirus, Financial News & Events