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It is also possible, according to the WTO, says Netwealth's Gerard Lyons, that "we could leave with a 'no deal' and still maintain existing tariff arrangements with the EU for a long time…"
Charlotte Ransom, chief executive of Netwealth, said: As the nation's wealthiest generation by some margin, they nevertheless face complex financial pressures. The need to fund record long retirements… means baby boomers can't be complacent when it comes to their wealth."
Charlotte Ransom said: Netwealth analysis shows that this has become a reality for a fifth of all over-65s as they’ve benefited from several decades of economic boom, soaring property prices and final salary pensions."
Often known as the wealthiest generation, baby boomers have consolidated their position through "soaring property prices, inheritance and the prevalence of final salary pension schemes", says Charlotte Ransom, chief executive and founder of Netwealth."
Netwealth, a wealth manager, analysed the Office for National Statistics' Wealth and Assets surveys between 2006 and 2016 (the most recent data available). In 2006, those aged over 65 owned 28 per cent of the UK's household wealth, a figure which had increased to 36 per cent 10 years later."
What's at the top of your financial to-do list for 2019? Charlotte Ransom says "To ensure mine and my family’s Isa contributions are automatically invested on the first day of the tax year — without having to lift a finger."
Charlotte Ransom, CEO and founder, Netwealth "With the help of Mifid II, 2019 will be the year where clients will know what they are being charged and can act accordingly."
Gerard Lyons, chief economic strategist at Netwealth, the wealth manager,...said the economy "could easily come to a standstill in the early months"
