Talking Point 

How to prepare your clients for Brexit volatility

  • Identify how Brexit might trigger volatility in markets and currencies and the impact on client portfolios.
  • Describe how advisers can help clients with short-term drawdown needs to navigate volatility.
  • List what advisers can do to help clients meet their income needs.
CPD
Approx.30min
Steering clients through Brexit volatility
What can advisers do to help clients who are concerned about the impact of Brexit on short-term income needs?
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Uncertainty can cause clients to make some sudden, and often ill-judged, decisions about their investment portfolios and pension pots.

But for those clients who have immediate retirement income needs, or who are in the coming months planning to go into drawdown, the prospect of dramatic moves in the stock market and currency markets as a result of the UK's exit from the EU might be particularly worrying.

For advisers, this is a time to not only reassure clients but also to emphasise the need to avoid timing the market and instead focus on both their short-term and long-term plans.

As the UK's departure date looms, what can advisers do to help clients who might be worried about their portfolios?

What impact could a no-deal Brexit have on short-term savings and investment needs? How can advisers talk to clients to reassure them?

Talking Point, in association with Schroders, considers how advisers can help to steer clients with short-term needs through any Brexit volatility.

The report, which can be read by clicking the link in the image above, qualifies for an indicative 30 minutes' worth of CPD. 

eleanor.duncan@ft.com

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. How does Ms O'Keeffe describe volatility?

  2. Mr Beaumont says: "Brexit news typically impacts sterling more than equity markets." True or false?

  3. One of the positives to come out of Brexit and client concerns about volatility is what, according to Mr Justham?

  4. Ms O'Keeffe says volatility potentially benefits investors who are doing what?

  5. Mr Roxborough suggests investors should aim to have how much of their expenditure in cash?

  6. What asset class does Mr Lowcock say has been a good place to be invested post-referendum?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Identify how Brexit might trigger volatility in markets and currencies and the impact on client portfolios.
  • Describe how advisers can help clients with short-term drawdown needs to navigate volatility.
  • List what advisers can do to help clients meet their income needs.

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