2010 has proved to be a very different year for many of us. With snow disruption causing havoc in January, a late Spring election, Quantative Easing, the football World Cup and finally and more recently, the Comprehensive Spending Review which has bought into sharp focus the economic position of the UK and the cuts required to achieve balance going forward. We have not seen the true effects of these cuts yet, although we now understand how tricky they may be. We are all different and each change may vary the outcome for each of us.
With all of these issues occurring, I thought it might be worth noting what has happened to the FTSE 100 index (the UKs top 100 shares) over the same time. Opening at the start of January (open 04/01), the index stood at 5412.9 points. By 01 June, we had fallen to 5188.4 points this year and at the time of writing this blog on the morning of November 10th 2010, (opening), the index stood at 5875.1 points. Past performance is not a guarantee of future performance, however, is interesting to see what has happened to an index that affects many clients’ investments.
If you would like an independent (IFA) review your pension, retirement planning or investments in light of these changes then please let us know.
As noted in this text, we are all different and this information should not be used or relied on as individual financial advice. The Financial Services Authority does not regulate Taxation advice.
Further details of this are available at our website, www.churchouse.com
Keith Churchouse
Chartered Financial Planner & ISO22222 Certified Financial Planner
Director of Churchouse Financial Planning Limited
Churchouse Financial Planning Limited is authorised and regulated by the Financial Services Authority
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