Client Newsletter, January 2025

Welcome to our first newsletter of 2025.

This quarter we have included a broad range of topics to set the scene for the months to come, taking a holistic approach to the issues that impact you. We examine changes to the holdings in your portfolio, focus on the bigger picture in markets around the world and look at issues that may impact your financial good health.

With a background of unprecedented interest in US affairs, our Chief Investment Officer, James Calder, shares his views on the outlook for markets in the early days of Trump 2.0. James covers global trends in 2025 and explains how we’re positioning your portfolios to reflect our house view. As pressure on the UK Government continues, we also include an article on UK government bonds and interest rates to consider how we’re currently investing in these assets. Our overall view remains positive and we look forward to how this is reflected in the performance of your portfolio.

Our financial planning team has returned to the hot topics of inheritance tax planning and pensions. While the details of the Chancellor’s proposed changes remain subject to legislation, we focus on what this might mean for you and how you might mitigate the impact. We encourage you to reach out to the team to discuss your personal situation.

Looking at your broader financial good health, we have some useful advice on avoiding the current trend of email hacking. And we’ve even included five New Year’s Resolutions for 2025. We have a written piece intended for our wider audience and also provide a video targeted at our younger viewers.  One of the key resolutions for 2025 is to ensure that you have in place a Lasting Power of Attorney (‘LPA’). We are pleased to provide a link to our new guide to LPAs intended to help you or your friends or family cope with the practical aspects of this arrangement.

We would be delighted to receive your feedback on any of the topics covered. As ever, do please reach out to a member of your usual CAM team if you have any questions about your investments or if your circumstances have changed in any way.