2022 has had an impact on everyone’s finances. So whether you’re in recovery mode, or looking for new ways to maximise the extra cash you’re saving, we can help you get your finances into shape for the New Year.
Take stock of what you’ve got
Last year saw some major moves in the financial markets.
In general, it was a testing time for all investors – but some funds navigated the turbulence better than others. That’ll be true for 2023 as well. Now’s an ideal time to re-evaluate your fund choices, and maybe your appetite for risk too.
How Moneycube can help: in 2022, we stepped in to adjust customers’ portfolios where funds were no longer appropriate, while for other customers we supported them in assessing the impact of financial markets on their long-term plans.
If you’d like our help to review your investments, just let us know.
Combine pensions from your old jobs
Do you know how much your pensions are worth? Do you know where they are, what they cost, and how they are invested?
Most of us are far from clear on these questions. Yet that’s easy to change.
Simplify your retirement plans, obtain ongoing advice, and take control of pensions from your old jobs, or a job you left in 2022, by consolidating them with a single provider.
How Moneycube can help: we helped one recent customer move a €170k pension to a new provider, reducing their ongoing costs by 33%, and providing a one-off uplift in the value of their pension of over €2.5k.
Our pension consolidation centre has all you need to know.
Start a regular saver
For many of us, inflation is eroding the value of our cash. Now’s a great time to start a good habit!
How Moneycube can help: we can put a regular direct debit plan in place for you, with automated monthly investments into a professionally managed investment fund in line with your requirements for risk and reward.
Plan for the unexpected
We know now how quickly things can change. What would happen you and your dependents financially if you could no longer work?
If you and others depend on your income, you probably need some protection to cover the gap if something happened to you.
How Moneycube can help: we can arrange cover critical illness and life assurance cover, insuring against these risks, whether as part of your pension plan, or on a standalone basis.
Get in touch if we can help.
Consider your cash position
It’s clear that bank interest rates are going to be low, or even negative, for the foreseeable future. If you want to see your money grow, you’ll need to consider investing it.
So if you have a significant lump sum – more than, say, 6 months’ income, sitting in cash in the bank, it is likely worth looking at putting it to work for you, to generate wealth and stay ahead of inflation over the medium term.
How Moneycube can help: we can help you invest a lump sum, whatever its size and shape.
From multi-asset funds which give your money exposure to many opportunities for growth in a single fund, to large bespoke portfolios in line with your investment preferences, Moneycube can navigate the investment world for you in 2023 and beyond.