The inevitable uncertainty that will follow the Leave vote does not alter the need for individuals to save and invest for their future.
While the conclusion of the referendum process has removed doubts about the outcome, now that the vote has been concluded it is widely anticipated that the decision to leave the European Union will lead to some level of uncertainty in financial markets as the consequences of the result are assessed.
Although this is likely to have an impact on markets in the near term, the long-term consequences of the result cannot be predicted with any degree of accuracy. We see few reasons for the government to alter the fundamentals of economic policy, and many reasons for it to achieve a settlement following the UK’s exit from the EU which protects economic growth and financial stability.
For individuals and households, the result does not alter the fact that there is a need to provide for their future financial security. We have always maintained that individuals need to take a long-term view with their investment planning and we do not believe that the referendum result alters this approach.
Finally, at a time of heightened uncertainty, we believe that access to financial advice is particularly important. Clients of St. James’s Place further benefit from dealing with a financially strong FTSE 100 company.
For more information, please read the articles below which have been posted on Insights:
Market update – reaction to the EU referendum result - Chris Ralph, Chief Investment Officer at St. James’s Place, discusses the EU referendum result and what it means for investors.
Turning point - The referendum result was prologue and a new chapter awaits.
Where next for investors? - In this video Chris Ralph, Chief Investment Officer, talks about how investors should respond to the EU referendum result.