When judging the likelihood of a Brexit I prefer not to listen to polls as they never seem to get it right. Currently, polls are showing 50-55% to stay in and 45-50% a Brexit depending on which one you look at. I prefer to look at what the real experts are saying, the guys who put their money where their mouths are and use every resource and data available. These are the bookies! Both William Hill and Paddy Power are offering odds of 1/3 that the UK will stay in and 9/4 for a Brexit. This averaged out indicates around a 30% chance of the Brexit happening.
When investing I try to eliminate extra risks for my clients so it is best to keep things simple. If you hold Euros and live in Spain, invest in Euros. If you hold Sterling invest in Sterling and do not change for change’s sake as this will just create additional costs and risks that are not needed.
I have been a fully-qualified financial adviser for 28 years and also understand the needs of expats and the rules that apply to ex-British living and retiring in Spain. So if you need to talk through your own situation then please feel free to contact me and we can have a no obligation discussion about the best way forward for your investments. Get in touch by filling in one of our contact forms.
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
The Malta Association of Retirement Scheme Practioners (MARSP) have been attempting to persuade the Malta Financial Services Authority (MFSA) that Switzerland has the relevant regulatory authorisation, supervision and enforcement in line with the EU in order for Swiss Based Advisors to continue to be able to service their EU clients post changes to Malta Pension Legislation – which has seen many clients having to seek an alternative, appropriately licenced, EU based Financial Adviser.
There are very few life changes as profound as those that come with retiring. Increasingly, science is making clear what many retirees know already: that a fulfilling and long retirement is invariably a busy retirement. You might retire from your working age career, but the best way to enjoy your sunset years is to keep active, whether it is playing sport, creating art, being part of a community or having a “second career phase”.