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We have been monitoring your portfolio carefully since 1st January to see whether our recommendations are having a positive effect. Finally, we are starting to see growth again and we have included a chart below to illustrate this fact. All the funds shown are core funds, which are common to all portfolios, as are the Government gilts. For comparision purposes we have also included a Halifax cash deposit account and the FTSE 100 share index, for the same period.
At this point we also think it would be prudent to adjust the type of gilts within your portfolio, to a new composition consisting of 80 % ordinary gilts and 20% index-linked gilts. The recommended introduction of an index-linked element follows a decision (not widely publicised) by The Bank of England, who have made similar changes within their own pension scheme. We assume this means that they are anticipating a possible rise in inflation later this year.
If you have not already, please contact us to indicate that you are happy to accept this recommendation. You can do this via email at advice@argylefinancialgroup, or via telephone on: Southport Office - 01704 540575 or Tring Office - 01442 826622
We have also used the early part of this year to look again at our overall business process, to check how it compares with recent developments in the financial services industry. We are pleased to report that our Transact wrap continues to lead the field in both cost and functionality. If you do not make use of the online access to view your account may we suggest you give it a try... it can greatly help you to understand what is happening with your investments. If you have lost your Transact PIN number just let us know.
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