Living to 100

It has long been recognised that medical advances, combined with a greater understanding of the impact of our lifestyle choices upon our health, have led to an increase in life expectancy. Looking ahead, future generations are, on average, likely to enjoy much longer and healthier lives than their predecessors.

Estimates from the Office for National Statistics (ONS) show that, of the 797,000 babies aged below one year and living in the UK in 2013, 123,000 boys and 151,000 girls are expected to achieve their 100th birthday in 2113. This means that millions of people will spend over one-third of their life in retirement. With this in mind, it has never been more important to consider how you intend to fund your retirement.

An ageing population is putting our welfare system under significant pressure. A greater number of people not only need pension income, but also healthcare, incapacity support, and help within the home. There is, therefore, little reason to expect that a State Pension will provide anything other than the most basic of safety cushions when the time comes. If your retirement plans include holidays, visiting relatives and treating yourself on occasion, then it’s time to take control of your savings – and your future – and start building up your own retirement fund. The earlier you begin, the more scope you allow your savings to grow, so don’t put it off

For more information and guidance, talk to Gemini or your financial adviser.

Inheriting in the UK

Occasionally, the UK government amends the rules governing Inheritance Tax (IHT). Differing Governments will often take an alternative view in terms of how tax law should be created and applied. It was announced that there are to be further changes to how IHT applies to non-domiciled individuals – those who are domiciled outside of but have
interests inside the UK. Continue reading

New Year – New Financial Planning.

Welcome to 2017! Did you make any resolutions concerning your personal finances last January? If so, how did you do? If it didn’t all go according to plan, now is the perfect time to start again and reassess your position by considering ways to improve your financial well-being for today and your future. Continue reading

Brexit: what now?

The outcome of the Referendum confounded the predictions of the opinion polls, the bookies and the markets. All three ended the working day on 23 June with the assumption that the Remain side would win, albeit by a small margin.

That consensus is one reason why the markets moved so sharply when the results emerged. Initial falls in the pound and the world stock markets were a knee-jerk reaction of a near instantaneous change of view. The resignation of the Prime Minister merely added to the short term concerns, even though it was always likely soon after a Leave vote.

Pause and take stock

At such times, it is worth pausing for breath before taking any precipitous action. History suggests that trying to exploit the unavoidable turbulence carries considerable risks. As the Governor of the Bank of England said in his statement on 24 June:

“Inevitably, there will be a period of uncertainty and adjustment following this result.

There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.

And it will take some time for the United Kingdom to establish new relationships with Europe and the rest of the world.”

The next few days and weeks will see sharp market movements, probably in both directions, as the markets find a new equilibrium. Those are conditions traders will attempt to exploit, but for long term investors a wait-and-see approach will generally make more sense.

If you have any concerns around your investments or other questions, please don’t hesitate to get in touch with us.

New Investment Head for Gemini

Wealth management and Independent Financial Adviser organisation Gemini Wealth Management has reappointed Paul Reid as its Investment Manager following the departure of Chris Hill to Miton Asset Management.


IMG_2128Paul has been with Gemini, in various roles since its inception in 2006 and last headed the investment management team in November 2013. He takes over day-to-day responsibilities for managing the team and client assets totaling in excess of £245million.

Speaking of his reappointment, Investment Director Jason Moore comments “We wish Chris well in his new role at Miton, but are pleased to welcome Paul back into the role. Paul knows Gemini’s processes and clients inside out and will be a great asset to the team”

Fellow Director Gary Metcalf adds, “With the ongoing planning for the launch of our Discretionary Investment Management proposition later this year, Paul’s knowledge and qualifications will prove invaluable. He is a longstanding and respected member of our team”

Paul concludes, “When Chris left, I was happy to step back into my former role. As an adviser, I had worked closely with the team and it was easy to pick things back up and hit the ground running. With this being Gemini’s 10 year anniversary and with the imminent launch of our discretionary proposition, it is an exciting time.”

Gemini Wealth Management is part of the Gemini Professional Financial Group. For more information on Gemini – please visit www.gemini-pfg.com