The threat of overshadow was cast by the recent dismissal of Lord Heseltine, not to mention the impending triggering of Article 50. However, Chancellor of the Exchequer Philip Hammond’s first (and last) Spring Budget did not go unnoticed. Following months of speculation, here are the highlights of today’s Spring Budget.
Hammond set an optimistic tone about past achievements, determined to avoid complacency as we prepare for a future outside of the EU. He wants to get us back to living within our means, help ordinary families, invest in public services and prepare us for a brighter future.
International Women’s Day was not forgotten and Hammond was pleased to announce that there are a higher proportion of women in the workforce than ever before. The following spending has been specifically apportioned to women’s rights and campaigns:
No matter what changes are made with every new Budget, there are some principles that remain the same. We all need to save for our futures and we are all looking for the best ways to do so. At Scalable Capital, we have worked hard to create a better proposition for savers and believe that our data-driven, bespoke private wealth management is fundamentally changing the industry for the better.
The essence of investment management is the management of risks, not the management of returns.
Benjamin Graham, investor and mentor of Warren Buffett
As Buffett’s mentor Graham points out, there is extensive evidence to show that risk moves with far greater predictability than returns. It is for this reason that projected market risks drive our investment decisions, not anticipated returns. The dynamic way we manage risk means that the risk of our clients’ portfolios remains constant in all market conditions. This also helps to deliver better returns for every unit of risk our clients are exposed to, as periods of market turmoil typically go hand in hand with lower returns, so bypassing them allows for more stable returns.
By carefully measuring and controlling risk in this way, we can give our clients a granular understanding of the downside risk in their individual portfolios, a first in the retail industry. Use of ETFs allows us broad global diversification at a low cost. We believe that our processes provide investors with far greater transparency than our more traditional competitors are able to. All in all, a better solution for savers.
With inflation set to rise, Cash ISAs will be vulnerable to this value-eroding obstacle. We launched our Stocks & Shares ISA last year and are due to launch a SIPP in the next few months. Our ISA offers the full benefits of our service: risk monitoring and management, performance optimisation, globally diversified portfolios, and a low-cost, hassle-free service. You can read more here about how to Find the Best Stocks & Shares ISA For You.
We have a few events coming up in Edinburgh and London over the next few weeks. These free evening seminars give you the chance to meet the founding team and ask any questions you may have. See here for all the dates and times.
Risk Warning – With investment comes risk. The value of your investment can go down as well as up and you may get back less than you invest. Past performance or future projections are not indicative of future performance. We do not provide any investment, legal and/or tax advice. If this website contains information regarding capital markets, financial instruments and/or other topics relevant for investments of assets, the exclusive purpose of this information is to give general guidance on investment management services provided by members of our group. Please note our Risk Warning and the Website Terms.
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