Reeves Independent's Monthly Portfolio Report!

We have now had our new portfolio’s up & running for a month and we are starting to see nice gains for our clients. Despite the drop in the markets last week due to all the uncertainty surrounding the Greek debt and US debt, the monthly gains have been promising.

The changes we made to our Aggressive portfolio have paid off with over half of our funds showing gains of over 4% and all 16 funds presenting positive returns. Our “Henderson Global Technology A” fund has produced the biggest returns with an extremely healthy 9.34% gain in just a month.

Our Balanced portfolio which was also revamped in June has struggled this week due to the factors mentioned above. However over the month it still showed an average return of 2.51% with all but two of our funds showing positive returns.

As is expected our Cautious portfolio showed the smallest gains as they are invested the least volatile funds. The monthly average return from the 10 funds we invest in was still at 0.8%.
 

If you would like to review your investment portfolio or you would like the opportunity to possibly make returns like those mentioned above then contact us on 0871 271 1280 or e-mail info@reevesifa.com

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Pension Reforms 2012 - What are the implications on Employers?

This week I have had a lengthy chat with a fellow professional about the much talked about Pension Reforms. As we know the Government is proposing to bring in new laws from 2012 that will have a significant impact on every employer in the UK.

What are the key points?

The framework for these new laws is already in place in the shape of the Pensions Act 2008.

• Employers will, for the first time, be required to automatically enrol eligible employees into a pension scheme.
• Employers will, for the first time, be required to pay pension contributions for any employees who join and stay in the pension scheme.
• The Pensions Regulator will police and enforce these new laws.
• Even if you have an existing workplace pension scheme, you may have to make changes so that it complies with the new laws.
• Employers can either use their own pension scheme to comply with these new laws or rely on a Government built scheme - the National Employment Savings Trust (NEST) scheme.

What did we conclude?

• 80% of all pension schemes in the UK are not fit for the new legislation in their current format
• That any employer should at least get initial advice even if they plan to do nothing in the short term
• In many cases time is not on the employers side
• Its so important for employers to be aware of their position and plan for any future action, as these will have may huge implications on budgetting & staffing
• There are large concerns that the industry will not have the capacity to deal w
  ith the huge rush to get schemes set up, therefore being ahead of the game would ensure you would met the legislative requirements in time.  

How can Reeves Independent Help?

Reeves Independent has set up & administered a large number of group schemes of varrying sizes throughout the last 20 years and therefore fully understands the challenges that businesses face.

We can:

• Help you review your existing workplace pension scheme to make sure it will comply with, or exceed, the new requirements

          or

• If you haven’t got a pension scheme yet, we can help you put one in place.
• And we can help with arrangements such as salary exchange that can save you money and offset the impact that these new laws will have on your business.

Here at Reeves Independent we would urge any employer to get some FREE initial advice! Contact the office NOW on 0191 281 9862 or e-mail info@reevesifa.com

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Frequently Asked Questions?

Here at Reeves Independent we get asked a lot of different types of questions regarding financial matters. At present we are dealing with a number of divorce cases, where the following question has been asked;

Before I got divorced my ex husband sorted out all of our investments but I do not really know what I have got. It’s confusing. How can you help?

It is fairly common to see one member of a family taking the lead with the family finances and then for what ever reason they are not there to do so. It’s not just devorce where this occurs, serious ill health and bereavement can also have the same effect.

The first thing that we do for all new clients is find out what they have got. This often involves taking away a bundle of paperwork which we wade through and put it into some form of meaningful shape. We would then normally get authority to deal direct with the provider to get up to date valuations and other relevant items.

Then a detailed report is produced, which will list everything that you have and will help you understand what you have got and how it matches your needs.


Finally, we will present a range of options about the best course of action for all your finances.

If you relate to the above article and would like some advice & help to get your finances in order then contact 0871 271 1280 or e-mail info@reevesifa.com to speak to one of our experienced team NOW!