Investments: What can we control in a time of crisis?

Worried about falling investments?


Reeves’ core message is do not panic, we have faced economic turmoil and pandemics before; in the long term the portfolios and the markets will recover. The question is: how long it will take for the markets to bounce back? This is something we do not know and cannot control. What we can control is the asset allocation; funds selected, and the level of risk taken.

Reeves has a plan in place, we have been more conservative in our decision making in the past few years. Our portfolios have been set-up where we have been overweight in cash and safer assets such as bonds for some time; because of this our portfolios haven’t dropped as significantly when we compare ourselves to the FTSE 100 & other UK Advisers. 

As you may know, Reeves has started to execute the plan and we have made our first batch of changes to capitalise on ‘buying cheap’ for Tactical clients. This is to capitalise on assets that have dropped significantly; we have confidence in these holdings and believe they will perform over the long term. Now is an opportune time to purchase, it is the best buying opportunity we have had in recent history. 

If markets continue to fall, or, if we see opportunity for you to benefit, we will send you a new proposal. The investment team are meeting daily and making calls as to what we do next for each client bank whether they are – Adventurous / Balanced / Cautious, or, Retired, 5 years to retiring or 20 years to retiring!


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Here for you now

Reeves: Here for you in a time of need


Coronavirus has brought an unprecedented period of uncertainty, anxiety and a level of disruption that will affect clients and businesses across the globe. At Reeves Independent we are working to keep our staff and your finances safe, and remain wholly committed and capable to continue to support you through these challenging times.

Our staff are already enabled to work from home with the same level of effectiveness as in an office environment. Our telephone, email and digital platform is fully cloud-based keeping communication with us straight-forward and effective.

You, possibly more than ever, need reassurance and expert advice to cope with financial disruption and difficult financial decisions. To this end we are closely monitoring coronavirus developments across the globe, and have been reviewing our business continuity plans, to ensure our service levels will be maintained. We can run our entire business using this new operating model for as long as is necessary, and do not expect any disruption to our service.

Please do get in touch with us, no matter how minor you feel your financial problem may be, and you can contact us as normal and be absolutely assured that we will be doing our very best to ensure our excellent service levels are maintained during these difficult and unprecedented times.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Make the Most of Your Extra Day

One day that could save you thousands.


We thought we should remind you that on February 29th, 2020 we have an extra day, and it’s on a Saturday! Just think how you could use those additional 24 hours, (suggestions welcome in the comments below). However, if you find yourself with time on your hands, why not use it to start getting a grip of your finances and even prepare yourself for the end of the tax year on April 5th. As the saying goes, ‘use it or lose it’.

Why should you take advantage of this? It gives you another 24 hours before the end of the tax year on April 5. If you’re saver paying UK tax, April 5 is probably the single most important date in the year, because, by making full use of all your allowances before that date you can potentially save yourself thousands of pounds.

For retirement planning, if you’re still working, the most important of these is the personal pension allowance of £40,000. You can pay this amount into your pension scheme in any given tax year and receive a generous bonus from the taxman in the shape of 20% tax relief. This means that HMRC will add £8,000 to your £32,000 contribution – and potentially double that, if you’re a higher rate tax payer.

Not only that, but if you haven’t used your allowances for up to the previous three years, this is your last chance to take advantage of them. If you haven’t paid in anything this year, or for the previous three years, you could pay in up to £160,000. This means that if you make a contribution of £128,000, the taxman will top it up with another £32,000.

Also, if you’ve already reached retirement and have no earned income, you can still contribute up to £4,000 gross a year to your pension and benefit from the tax relief.

Not only that, but if you haven’t used your allowances for up to the previous three years, this is your last chance to take advantage of them. If you haven’t paid in anything this year, or for the previous three years, you could pay in up to £160,000. This means that if you make a contribution of £128,000, the taxman will top it up with another £32,000.

Also, if you’ve already reached retirement and have no earned income, you can still contribute up to £4,000 gross a year to your pension and benefit from the tax relief.

You also have a personal annual ISA allowance of £20,000. Within the shelter of an ISA, any dividends, interest or capital growth are income tax and capital gains tax free. They can be an attractive savings vehicle, particularly if you’ve used all your personal pension allowance. You can contribute up to £20,000 to your ISA or ISAs in any tax year, but this allowance can’t be carried forward.

Of course, you also have your personal income tax allowance of £12,500. If you’re drawing down your pension, make sure you have made full use of this year’s allowance and – as with all allowances – don’t forget to ensure your spouse makes full use of their allowance too.

Finally, there’s a annual Capital Gains Tax Allowance of £12,000, which could be relevant for some people.

With low interest rates, savers are seeing historically low rates of return on their investments and this means that these bonuses from the taxman can be the equivalent of several years of returns earned purely by your investments. No saver can afford to neglect them.

The tax year ends on April 5, but don’t leave it until the last minute to take advantage of these personal tax allowances. At Reeves, we will be only too happy to advise you on how these allowances can best be used in your own personal circumstances, but do try to get in touch with us before March 20. Remember, you have an extra 24 hours this year – make the most of it.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Every Step of the Journey Covered.

We are with you, for the long haul.


Retirement isn’t a single, self-contained event. At Reeves, we’ve long recognised that it’s more a process and we’ve developed an approach to help guide our clients along every step of their journey.

Every client is different and we deal with everyone as an individual according to their circumstances, but there are four stages which tend to be common to everybody.

First, the client journey begins with an initial meeting where we get to know you and gain a thorough understanding of your circumstances and your aims. This is often a matter of helping a client clarify for themselves, for the first time, exactly what their long-term ambitions are. This first step is crucial to avoid the danger of drifting into retirement with no clear plan and no provision to achieve a plan.

It’s surprising how often at this stage that people find they can do more than they anticipated or earlier than they’d hoped.

Thereafter, it’s a question of managing the client’s retirement fund, ensuring that their investments grow as much as possible, while being secure. Our investment board meets monthly to review our investment strategy in the light of market conditions and, if as a result of that, we think any changes are necessary we contact you for your consent. In 2018, the Reeves portfolio outperformed the FTSE 100 by about 5%.

We have a range of portfolios which are appropriate for different clients, depending on their attitude to risk and how frequently they want to make investment decisions and adjustments. At the end of every tax year we can advise clients on using their tax allowances to maximise the benefit to their portfolio. Every client has a personal account manager whom they can contact at any time.

Third, we advise our clients when it comes to making those key retirement decisions. What income will I need, net of tax, to maintain a comfortable lifestyle? How soon can I afford to give up working? Can I ease myself into retirement by cutting down on my hours? Should I move into a smaller – or even, perhaps, a bigger - house in my retirement?

Finally, once a client has made the necessary decisions and has retired, we continue, through regular reviews and discussions, to ensure that their retirement fund is secure and preserving as much of its value as possible and that those retirement plans remain on track.

Take the example of one client: Simon McAloan. Simon, who was in his late 50s, had worked in well paid jobs for most of his life for a number of employers. He had considerable cash savings and multiple pensions in several funds. These pensions had little diversification and were not suited to his attitude to risk.

After talking to us, Simon became a client and we combined his pensions in our Balanced Tactical portfolio which was better suited to his risk tolerance level.

Thereafter, Simon, was given constant reviews on how his investments were performing and we constantly monitored the portfolio to make investment changes to generate better performance and pension growth than he would have received otherwise.

From when we first met him, Simon was thinking about reducing his hours of work. His hobby was carpentry and he had long dreamed of setting up a small business to do this on a professional basis, while continuing to work as an employee. There was a risk that the new business wouldn’t succeed and he needed the reassurance that his pension savings could make up for his reduced hours of employment. It was also possible that his employer wouldn’t agree to part time working, so, again, he needed to know that he could rely on his pension fund,

We advised Simon to build up his pension pot by making annual contributions from his cash savings, up to his £40,000 annual allowance, taking advantage of the tax benefits.

The result of this was, that by the time Simon was 62, he was in a position to fulfil his ambitions. His retirement fund had grown to a sufficient size to allow him to realise his ambitions; he set up his business and went onto a three-day week.

Now, although Simon is only in partial retirement, we review his income management to save on his tax bill. We have moved funds to a short-term portfolio to safeguard three years’ worth of income and we conduct regular six-monthly reviews and retirement planning session with him. We have also produced and managed his ‘death plan’ which includes wills and estate and IHT planning.

Retirement is not something that can or should be done overnight. It’s too important for that. It’s a long and complicated business, which has to be planned for, carefully managed and then it has to be recognised that it’s an ongoing process. At Reeves, we are experts in this.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Refining our Client Service

February - A Month of Improvement


February is often a month we struggle through, waiting for those lighter nights and warmer days.  It was the Romans, who gave us the month of February, they saw this second month of year in a positive light, as a period of purification and reflection, or review and improvement.

It has certainly been a month of improvement at Reeves Independent, bringing together ideas from our year-round process of reviewing and re-assessing our service. This has resulted in some structural changes in how we manage our diverse client base.

Our improvements at Reeves reflect the different requirements our clients have, dependent on their stage in the retirement journey. These changes have already been implemented and, if you’re already a client, you won’t have noticed a difference as it has been a seamless process. However going forward, it will enable us to provide an even more targeted and bespoke service.

We have placed our clients using three stages of the retirement journey:

  • Growth – normally younger people who have many years of work before them and are building up their retirement funds;
  • Pre-retired – normally up to five years before retirement, when aims need to be clarified and plans put in place;
  • Retired – continued management of funds and review of plans and performance.

Reeves clients in each category will benefit from the work of a dedicated team who are highly trained in that field and in that stage of the process.

These changes follow hard on the heels of our expansion into our new headquarters in Gosforth, Newcastle. This includes a drop-in centre, giving clients the opportunity for face-to-face meetings in a comfortable, bespoke environment. We also have plans over the next few years to open some satellite offices in other key areas of the UK.

Reeves’ drive for ongoing improvement – or purification and renewal – led to us being ranked among the country’s leading financial advisers, when we were included in the prestigious Financial Times Adviser Top 100 Financial Adviser awards, ranking us in the top 0.5% of advice firms.

In a separate category Reeves was also ranked as ninth in the UK for firms with less than six advisers, making Reeves Independent the top firm in the North East with six or fewer advisers.

Anyway, that’s enough about us – what about you? What have you done in February by way of purification and renewal?

How about engaging with us for your end of year tax planning or to take a look at your retirement and pension provisions.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

New Job – Let us Know

New Job? Tell us about it and make sure you don't lose track of old pensions.


New Year. New resolutions, new goals and often a new job. Just like many things in life, this creates new changes. And your pensions are no different, so they’re not to be forgotten about.

A new job could mean a significant shift in financial circumstances and probably some change to pension arrangements. It’s something that many people forget about amid many things that pile up on your plate. But forgetting about your pensions could be dangerous to your long-term retirement goals. If you have changed jobs before, have you kept track of any pension savings you built up with previous employers? If the answer is no, the new year is the perfect opportunity o change your habits.

Switching jobs means your benefit package changes, meaning you will take with you a pension that is no longer ‘live’ or receiving contributions and more importantly, advice. The job you are moving to will have its own package, including a new pension scheme.

By law employers now have to offer employees a company pension and some experts now fear that in the UK there will soon be millions of “stranded pensions”, where people have lost track of what they have saved. Many will only wake up to this when they approach retirement. This is not some remote scenario that might happen far into the future. The Association of British Insurers (ABI) estimates that more than 1.6 million pension pots worth £19.4bn are already “lost” – the equivalent of £13,000 per plan.

So, if you’re changing jobs, this is a good time to review your retirement plans and ask yourself some questions. When do I want to retire? Am I saving enough? Do I need to transfer my pension? If I have more than one pension pot, should I consolidate them into one? Do I know how many pension schemes I have?

Here at Reeves, we’ll be happy to help you with all of these questions and probably suggest a few others. There’s a lot of things to take care of when you start a new job, but do take the time just to send us an email to let us know, so we can take steps to try to ensure your pension arrangements are in order.

Let’s look at how we helped one of our clients, Daniel Norman, when he swapped jobs.

When Daniel gained new employment, he contacted us, and we reviewed his arrangements. He thought that his previous employer’s financial consultant had consolidated all of his pensions, but we found that one of the pensions – his biggest, into which he had paid for 14 years - had been forgotten. We undertook various searches and tracked it down and secured him about £60,000.

Changing jobs is an important step. It’s one of those key events in your life – along with birth, marriages and deaths – that’s going to have big implications for your financial and retirement planning. Just remember, amid all the excitement, to let us know about it.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

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