We know that holding cash on deposit has done little to preserve wealth in real terms for much of the past decade & this theme is likely to continue for the foreseeable future.

Cash holdings have historically been overlooked as an asset class and are generally lower down the priority list, especially now as interest rates remain at record lows and inflation is on the rise.

We found this is due to client inertia, the paperwork involved in opening accounts and the manual process of managing the accounts on an ongoing basis or other areas of financial planning taking priority. However, even a small difference of 0.5% in interest rate can accumulate to over £2,500 in interest after 10 years on a balance of £50,000.

Cash Management in Retirement

As you approach retirement, it might be sensible to build up your cash savings gradually, if you haven’t already done so. This way, you can avoid being entirely reliant on market performance to produce your retirement income from investable assets.

At this stage, depending on your personal circumstances, it might be advisable to hold up to two years’ expenditure in cash. This could include any large expenses you might have planned over the short term.

Having easily accessible cash savings ensures you aren’t entirely reliant on market performance to fund your retirement.

A cash savings strategy can help you to weather market downturns in retirement and allay any fears of future crises following the impact of the pandemic. This will help you feel prepared for whatever lies ahead.

Our cash management portfolio service allows us to strategically control the flow of money from your investment & retirement accounts to your current account, whilst your cash is earning the highest rate available. In addition, no longer will we be forced to sell investments at a lower price because you need a certain amount of retirement account income every month.

Active Cash Management

Opening multiple bank accounts to benefit from ever-changing rates is too time-consuming.

Our cash management portfolio service provides a simple, seamless process providing access to multiple cash deposits in a safe, secure manner. With a single cash portfolio account, you gain access to the whole savings market.

Our cash management portfolio service will improve return on your savings in a hassle-free uncomplicated & automated way.

We have helped individuals, companies, charities, trusts and local authorities.

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