McCue Wealth Management Ltd

Claire Trott, Divisional Director, Retirement and Holistic Planning at St. James's Place, shares vital tips:

"Life happens, and we lose track of old pensions. Most only have partial info, but that's a start. Here's what most providers will need:

- Your national insurance number
- Date of birth
- Recorded address: this may differ from your current address as it will be the address you were at when you left the scheme.
- If you have changed your name, and providers have details registered in your previous name, you will be expected to provide proof of your name change."

Here are some tips for keeping track of your pension pots:

Although last week’s landslide election victory for Keir Starmer’s Labour Party might have marked a seismic political shift, the initial reaction from markets was somewhat muted.

Read more: https://www.mccuewealthmanagement.co.uk/article/detail/sjpp/weekwatch-08-07-2024

How can you give your whole family a head start this year?

If you’re part of the ‘sandwich’ generation, juggling the demands of a young family and elderly parents, you can feel pulled in every direction financially.

Developing practical ways to build a multi-generational financial plan can help to keep more for your loved ones: https://partnership.sjp.co.uk/article/detail/sjpp/how-to-give-your-whole-family-a-head-start-this-year.html

Nothing is permanent in this wicked world - not even our troubles. Charlie Chaplin

What you want from your money varies at different ages and life stages.

It’s getting advice and a plan in place that matters.



Read more: https://www.sjp.co.uk/individuals/how-can-we-help

Stock markets continued to grow last week, as improving inflationary data in the US encouraged continued optimism from investors.

In particular, the US Index, the Dow Jones, broke the 40,000 mark for the first time ever. This Index is sometimes overshadowed by the NASDAQ and S&P 500, which are home to most of the ‘Magnificent 7’ and have been the biggest beneficiaries in the A.I. boom so far. Yet it is worth noting the Dow has grown 50% since it first hit 30,000 back in 2020, and doubled since it first hit 20,000 back in 2017.

Read more: https://www.mccuewealthmanagement.co.uk/article/detail/sjpp/article/detail/sjpp/weekwatch-20-05-2024.html

It is never too early to think about saving for retirement. Are you starting to think about the life you want to lead when you have more time? We can help you figure out what is important to you and how to achieve your pension goals.

Speak to the experts and contact us now to book a no obligation chat: https://www.mccuewealthmanagement.co.uk/

McCue Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

SJP Approved 27/03/23

Did you know that walking can improve your physical and mental health, while also helping you feel more connected to your community?

Just 20 minutes a day can reduce the risk of a number of preventable health conditions, including certain cancers, depression, heart disease and Type 2 diabetes.

Plus, it's a great way to reduce air pollution, congestion, and save some cash.

Join us for National Walking Month and try out some of these 20 tips courtesy of Living Streets to get some walking into your daily routine!

👣 Invite friends & family for a walk

👣 Walk to and from work

👣 Get snappy with some photos

👣 Walk to the shops

👣 Have a scavenger hunt

👣 Go on an adventure

👣 Let the kids lead the way

👣 Get creative by combining art activities with your walk

👣 Treat yourself with some music or a podcast on your walk

👣 Get litter picking

👣 Go for an evening stroll

Which of these will you be trying this month?

Happy Volunteers Week!

A time to celebrate the power of volunteering and the impact it has on individuals, communities, and society. Let's thank all the volunteers for their selfless contributions that make the world a better place.

Protecting your assets to ensure your legacy goes to the right people, at the right time, is crucial for you to be able to pass on your wealth upon your death. It can be an onerous task, but we are here to help you understand the various ways to mitigate Inheritance Tax to help your family at a difficult time.

Contact us to start your Inheritance Tax planning: https://www.mccuewealthmanagement.co.uk/

Taxation rules can change at any time and are dependant on individual circumstances.

McCue Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

SJP Approved 23/06/23

Shareholders are a fundamental part of any company.

Simply put, a shareholder is a person or organisation that owns shares in a company.

When you own shares in a company, you become a shareholder and are entitled to a portion of the company's profits.

Shareholders can also vote on important company decisions, such as the election of the board of directors or changes to the company's bylaws.

Being a shareholder can be a great way to invest in a company that you believe in and to share in its success.

⚠️ But it's also important to remember that being a shareholder comes with certain responsibilities! ⚠️

For example, it's important to stay informed about the company's performance and to vote on important decisions that impact the future of the company.

There are many different types of shareholders, including individual investors, institutional investors, and even other companies.

No matter who you are, though, being a shareholder means that you have a stake in the success of the company and can help to shape its future.

💵GLOBAL MONEY WEEK💵

This week is Global Money Week and with the Tax Year coming to an end very soon, have you thought about your finances recently?

Keep your eyes open for some important messages as well as hints and tips coming this week!

Happy 4 Year Work-Anniversary to Hannah who has been with McCue for 4 years now!🥂

At a glance:

- New Year is the perfect time to put healthy money habits in place and start the whole family off on the right foot.

- Whether it’s downsizing your debts, making the most of your tax allowances, or writing a Will*, there are lots of ways you can improve your financial wellbeing.

- A St. James's Place Partner can help you make resolutions you’ll actually stick to – and keep your money working hard for you and your family.

A very happy new year to you all!

We are now back into the office and back into the swing of things✨🥂

Whats your new years resolution?

There’s more choice and flexibility than ever before when it comes to accessing your retirement savings, but the options can feel overwhelming. If you want some straightforward practical advice on when and how to start drawing your pension, read our article on accessing your pension.



SJP Approved 31/10/2023

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.

There are several life events that can make you financially vulnerable including a change in your health, a sudden drop in income, a bereavement or the end of a relationship.

Any one of us can experience one of these events. Sometimes more than one at the same time. We can offer sensitive, practical, and confidential support, at the times you need it most.

Read more: talk-money-week-2023-its-more-important-than-ever-to-talk-about-your-finances.html

SJP Approved 31/10/2023

Welcome to Talk Money Week! 💰🗣️

This week, let's break the silence around money and financial well-being. It's an opportunity to have open and honest conversations about finances, whether it's setting financial goals, managing debt, or planning for the future.

By sharing knowledge and experiences, we empower ourselves and others to make informed financial decisions. Join the conversation, ask questions, and take steps towards financial confidence. Let's make this week a starting point for a more financially secure future. 💪🤑

🎃 RULE 2: MAKE SURE YOU ALWAYS HAVE ENOUGH ON DEPOSIT TO MEET YOUR SHORT TERM NEEDS 👻

Regularly, the press and media indicate shares have gone up too much in value or have fallen too far. They tell you to sell shares if they indicate they are overvalued or buy them if they are undervalued. They discuss, with what seems to be certainty, what is going to happen to shares over the next 12 months. But, in reality, as past events have consistently shown, when it comes to predicting what will happen to share prices in the short term, no one really knows. All you can say, with a pretty high degree of confidence, is that if you hold onto those shares for the next 10, 15 or 20 years, you are likely to be better off than you are today.

Which brings us to the other half of the first two rules which is if you keep adequate liquidity, so you can always have access to funds if you need them, you should never have to sell long-term investments at a bad time – such as after a sudden sharp fall in market values. How much should you keep liquid? One year’s income, two years’ income?

There is no set rule. It depends on each person’s individual circumstances and also their attitude to risk. As a guide, keep enough to enable you to sleep easily at night – enough money to meet your expected needs and enough for emergency or unforeseen needs – and then a little more to feel really safe.

👻 RULE 1: INVEST FOR THE LONGER TERM 🎃

As the short term is so unpredictable you should always plan your investments for the longer term. Planning investments in the expectation that they are going to do well over a 1, 2, or 3-year horizon may lead to disappointment. Equally, to ensure you are able to hold onto your investments if values fall, make sure you have enough liquid cash to meet any likely short-term emergency.

Over the next four years UK share prices rose and exceeded the levels achieved in 20004. However, any short-term investment objectives, based on investment in UK shares may not have been achieved. Regularly, the press and media indicate shares have gone up too much in value or have fallen too far. They tell you to sell shares if they indicate they are overvalued or buy them if they are undervalued. They discuss, with what seems to be certainty, what is going to happen to shares over the next 12 months. But, in reality, as past events have consistently shown, when it comes to predicting what will happen to share prices in the short term, no one really knows. All you can say, with a pretty high degree of confidence, is that if you hold onto those shares for the next 10, 15 or 20 years, you are likely to be better off than you are today.

As a guide, keep enough to enable you to sleep easily at night – enough money to meet your expected needs and enough for emergency or unforeseen needs – and then a little more to feel really safe.

It's NATIONAL COFFEE WEEK 🍵

Today we headed to our local coffee shop Cognito at the Cross for our first adventure for National Coffee Week!

What would you have? Hannah loves a Pumpkin Spice Latte this time of year and Elaine always loves a black coffee, this calls for a debate! Are you PSL or Black Coffee?

Also, next question...Where shall we head tomorrow?!

Jack has arrived in the office this spooky season to make sure you don't let your finances give you a fright!

Jack will be back over the next week with his 5 top tips!

Have you spotted him on Queens Road yet?

Jack has arrived in the office to make sure your finances don't give you a fright this spooky season! Keep an eye for his top tips coming over the next week!

Have you spotted him in the window yet?

A year ago, it was Instagram, Facebook, Twitter, but now it’s TikTok.

I love TikTok for it's variety of content, for how to decorate your chirstmas tree to how to make your house smell amazing! For someone who loves all things clean and organised watching people restock their fridge is very satisfying.

What’s your favourite site these days, and why?

On World Mental Health Day, we stand together to declare that 'Mental Health is a Universal Human Right.' 🌍🤝

Every individual, regardless of their background or circumstances, deserves access to quality mental health care and support. Let's champion this fundamental right, break down barriers to mental health services, and work towards a world where seeking help is met with empathy, not judgment.

Together, we can build a future where mental well-being is a universal priority, and no one is left to battle their demons alone. 💚💪

Changing jobs, or even getting promoted, can increase your death-in-service benefit – and leave your family with a higher Inheritance Tax (IHT) bill.

Arranging a Legacy Preservation Trust can help protect your family and their financial wellbeing in the future.

Taking financial advice before setting up a Trust will help you feel confident that you’re doing the best for your family if the worst should happen.

Read more: https://mccuewealthmanagement.co.uk/article/detail/sjpp/changing-jobs-why-you-should-check-your-death-in-service-benefit.html

At a glance:

- We now have more information, more choices, and more responsibility for our retirement savings. But will the future we want be the future we are able to get?

- The Retirement Living Standards, launched by the Pensions and Lifetime Savings Association (PLSA), aims to help people picture what kind of lifestyle they could have in the future.

- Pitched at three levels: minimum, moderate and comfortable, the standards have been designed to act as a practical and meaningful starting point for anyone who is unsure about how much they need to save.

Read more: https://mccuewealthmanagement.co.uk/article/detail/sjpp/the_cost_of_a_comfortable_retirement.html

For many generation Z and millennial users, TikTok is their first and only source of education on money matters, but in the financial world it has a reputation for promoting volatile cryptocurrencies and activist investing. So, should young people be using FinTok for financial advice?

https://www.theguardian.com/money/2021/jul/10/fintok-how-tiktok-is-helping-young-people-use-cash-wisely

Your retirement income might come from a combination of sources, including your pension, investments such as ISAs and income from property.

Click the link below to read more:
https://mccuewealthmanagement.co.uk/article/detail/sjpp/how_much_do_you_need_in_your_retirement_pot.html

Have any questions? Don't hesitate to ask.

McCue Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc which is authorised and regulated by the Financial Conduct Authority.

Despite economic uncertainty, pension funds saw relatively strong growth in 2021. The world’s 100 biggest pension funds are worth over $17 trillion in total, an increase of 8.5% over the previous year.

This graphic uses data from the Thinking Ahead Institute to rank the world’s biggest pension funds, and where they are located.

Source: https://www.visualcapitalist.com/worlds-100-biggest-pension-funds/