Preservation not accumulation

It should be clear to most advisers that the key objective is wealth preservation and not wealth acc...

It should be clear to most advisers that the key objective is wealth preservation and not wealth accumulation. No matter what the state of the markets in the coming months, this mantra will remain consistent, particularly when the new 50% tax regime comes in next March alongside the £150,000 band for the loss of higher rate relief on pensions. To this end, the increase in investment into Isas of £10,200 for those 50 or over now - and for everyone else next year - are a small fillip. Against the backdrop of wealth preservation is a constant search for 'good news' and the so-called 'gre...