Q: Do I need to alter my financial plan after the interest rate rise?
A: Whenever there’s any significant change in the financial landscape it’s always worth taking a fresh look at your investments.
One of the things people commonly misunderstand when thinking about interest rate rises is bond funds.
People often tell me they’ve got a medium risk profile but when you drill down this actually means they’ve got a pile of UK equity funds bought when they were performing well compared to bonds.
You may be someone with existing financial products that you’ve let drift for say the last 15 years. This is something that may need attention.
I would encourage you to come and talk to us so we can examine your portfolio to find out exactly what it contains and if any action is needed to improve your circumstances.
Tim Embleton
Time Financial Planning Limited is an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
INVESTMENTS – THE VALUE OF UNITS CAN FALL AS WELL AS RISE, AND YOU MAY NOT GET BACK ALL YOUR ORIGINAL INVESTMENT
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