April 2015 brings us a new dawn in the way we look at pensions.
Under the new rules those over this age threshold will have total freedom to access their pensions when reaching retirement. It is now possible to take pension benefits from personal pensions without buying an annuity.
This means that retirees will be able to withdraw capital from their personal pension and have greater control on how their hard-earned cash benefits them in the future. Now is the time to think hard about the future and be honest about what you want your pension pot to deliver and of course consult a financial adviser.
It is best to think about your goals. Short, medium and long term, and of course your commitments.
Investors are wise to diversify to minimise risk and enhance returns and a rounded portfolio will include traditional investments including equity-based products along with alternative assets and in particular tangible ones with a strong growth performance such as fine wine.
Remember that the Fine Wine market has a track record of providing average compound returns of more than 10% per annum in the medium to long term.
It also has many other benefits like the tax efficiency, which is particularly important for pension investors and generally resistant to the effects of inflation.
Fine wine is now considered by financial advisors as a means to diversify and strengthen investment portfolios.
A recent article published by Knight Frank (Wealth Report 2015) canvased the opinions of 500 wealth managers and the investment practices of their Ultra High Net Worth Clients. The report states that 6.1% of this total investment is in tangible assets including fine wine. They stated that “In our experience UNHWIs are becoming concerned about paper assets such as bonds and equities and are increasingly looking for tangible alternatives. The scarcity of luxury assets and their historic ability to hedge against inflation makes them an appealing investment proposition – it is always possible to commission a new yacht, but nobody can paint another Monet or build a classic Ferrari.” Saeed Patel,Investment Analyst Schroders
In the same respect, no-one can recreate a Lafite 1982 which at release was priced at 25.9 euros a bottle in 1983 en primeur, and at its peak reached £84,300 (1 x12-bottle case) at auction.
There is a finite amount of investment-grade wine globally and the opportunity to acquire wines from super vintages become even rarer over time. This scarcity increases again as wines reach their drinking windows.
For the new pension investor the timing could not be better to enter the fine wine market. The current price trend in Bordeaux offers superb opportunities for long term growth. The market is perfect positioned to adopt the old adage of buy at the bottom and plan to exit at the top.
For more information on the opportunities available right now contact our team on 0800 980 4509 and catch up with news and views in our free newsletter.
Following ten options will guarantee you’re well placed to maximize your investment potential and agile enough to change tact if required.
Very few people look at fine wine as a good type of investment. That’s probably because the industry is only packed with professionals. Before spending any money on wine, you should understand and get a “feel” of the market. Start small and stick to wines with a proven track record, such s Bordeaux, Burgundy or Mouton Rothschild. Rather than take unnecessary risks and be sorry later on, it’s best to play it safe. There will be plenty of time for taking risks down the road.
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3rd March, 2015
The pair attended a dinner, hosted by Beckham, at the iconic London landmark Wellington Arch on Sunday to mark the launch of the Haig Club pop-up bar, which will be based at the Hyde Park landmark for one week.
Described as a “modern interpretation” of the British private clubs that featured in the brand’s original “clubman series” of advertisements in the 1920s, the bar’s interior has been designed by Amanda Sheppard while the venue’s food menu has been created by Brett Graham, Mike Robinson and Alex Harper, of the Michelin starred Harwood Arms.
Signature cocktails served at Haig Club London have been crafted by drinks consultancy firm Sweet and Chilli in collaboration with Haig Club global brand ambassador Ewan Gunn. Wellington Arch will be illuminated blue for the week, in a nod to Haig Club’s square blue bottle.
Posting to his Facebook page after the event, the sports icon said: “Great to have my beautiful wife in attendance at my Haig Club London dinner. #HaigClubLondon”
Beckham launched single grain Scotch whisky Haig Club last year in collaboration with UK drinks giant Diageo and music mogul Simon Fuller.
Haig Club is a no-age-statement whisky comprised of a variety of aged whisky from three types of cask: first-fill, rejuvenated and refill Bourbon barrels, created at the Cameronbridge distillery.