June 12th, 2023
Guide: How to manage the harmful effects of inflation on your wealth
For the last year, inflation has been high. If you’re worried about the effects of the rising cost of living, this guide could help you.
Figures from the Office for National Statistics show, in the 12 months to April 2023, the rate of inflation was 8.7%. This is far above the Bank of England’s target of 2%, and for much of the last year, the rate has been in double digits.
The guide explains why needing to spend more to maintain your lifestyle could affect your long-term plans and how inflation could reduce the value of your assets in real terms.
You can also discover some of the steps you could take to “beat” inflation, including:
- Making the most of suitable allowances
- Shopping around for the best interest rate
- Considering if investing is right for you
- Reviewing your budget
- Focusing on your long-term plan.
Download your copy of ‘How to manage the harmful effects of inflation on your wealth’ now to learn more about the effects of inflation and what steps you can take to “beat” it.
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The information on this website does not constitute advice or a recommendation for any product and you should not make any decisions on the basis of it.
Prosser Knowles Associates Ltd is Authorised & Regulated by The Financial Conduct Authority and is entered on the Financial Services Register under firm reference number 446589 http://www.fca.org.uk/register. Prosser Knowles Associates Ltd Registered Address: 4th Floor, Llanthony Warehouse, The Docks, Gloucester, Gloucestershire GL1 2EH. Registered in England & Wales, No. 04520041.
The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK. The value of your investment can go down as well as up and you may not get back the full amount invested. The Financial Conduct Authority does not regulate Taxation and Trusts. Your home may be repossessed if you do not keep up repayments on your mortgage.
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