As we approach the end of June, times are still tough, but economies are starting to show the green shoots of recovery and we are celebrating some sustainability growth of our own.

Stock markets continue to shrug off much of the bad economic data that is released. The governor of the Bank of England (BoE) said earlier this week that the country had been on the brink of insolvency at the start of the coronavirus pandemic. Although this sounds somewhat dramatic, it cannot be ignored that the decisive and large-scale action the BoE provided was pivotal in the country’s economic recovery1.

The US Initial Jobless Claims, a measure of unemployment, has steadied with ‘only’ 1.48 million people claiming job loss insurance. Despite this week’s report showing 12 weeks of an overall reducing figure, more than 47 million US citizens have filed for unemployment insurance in the last 14 weeks2.

If the thought of a potential no-deal Brexit was enough to provoke fear in car manufacturers3, then the output figures that were released in May will only forebode what they might be in store for. Car output in May was down 95%, pushing car makers to reach out for help from the government4.

Some encouraging survey data that was released on Tuesday shows that economies are starting to show some small signs of recovery. The Purchasing Managers’ Index, a survey of purchasing managers across the country, came in at 47.6 in June, up from 30 in May and 13.8 in April5. Despite the figure being below 50, and therefore still showing as a contraction in the UK economy, the direction of travel is encouraging.

For us at Holden & Partners, our exciting sustainability news is the achievement of an important accreditation. We have been certified as a B Corporation (or B Corp). This independently verified label indicates our commitment to employees, clients, community, and the environment6. We’re thrilled with this acknowledgement as a business that values purpose as well as profit and are happy to join a growing community of companies that feel the same. Read our full update on becoming a B Corp here.


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Content of the articles featured in this publication is for your general information and use only and is not intended to address your particular requirements. They should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles. Thresholds, percentage rates and tax legislation may change in subsequent finance acts.


1 https://www.independent.co.uk/news/business/news/bank-of-england-insolvency-coronavirus-andrew-bailey-a9579216.html

2 https://finance.yahoo.com/news/coronavirus-covid-weekly-initial-jobless-claims-june-20-195644738.html

3 https://www.theguardian.com/business/2019/nov/26/no-deal-brexit-would-cost-uk-car-industry-40bn-by-2024

4 https://www.bloomberg.com/news/articles/2020-06-25/u-k-car-output-drops-95-in-may-spurring-cry-for-help#:~:text=U.K.%20Car%20Output%20Drops%2095%25%20in%20May%2C%20Spurring,help%20prevent%20the%20spread%20of%20the%20coronavirus%20pandemic.

5 https://uk.finance.yahoo.com/news/coronavirus-june-purchasing-managers-index-economic-data-manufacturing-services-084011556.html

6 https://bcorporation.net/

My wife and I really value the advice and support we’ve received over many years. Our key contact is Tim Cosway, whose friendly and calm manner is a real plus. He also involves team members who are equally committed. We particularly value that their approach is that no question is stupid – we always receive a clear and helpful explanation. We have full confidence in the team’s management of our finances and definitely recommend them.

Howard

We have consulted Holden and Partners for 10 years.  Having been in financial disarray because of poor advice from our previous financial advisor, we have Tim Cosway to thank for digging us out of a deep financial hole.  As a result of his painstaking tenacity pursuing a claim against our former financial advisor through the Financial Ombudsman Service, which resulted in substantial compensation, we can anticipate a comfortable retirement.  We continue to take Tim’s advice on all financial matters.  He is a pleasure to deal with, and we whole heartedly recommend Holden and Partners, and Tim in particular.

Mike & Jacque

I have been a customer of Holden & Partners since its inception. During this time, no matter what the state of the financial climate, I have always found that their advice has been balanced and fair. They have a good understanding of everyone’s individual circumstances and produced tailored strategies to match these needs and expectations.

Duncan B, NHS consultant

I’ve always received high quality, personable advice at a time of my convenience. My adviser has often travelled to my home in order to provide very personal service. The advice given is clear and unambiguous. The risks of different types of investment have been clearly discussed to allow me to make an appropriate decision on the nature of my investment portfolio. This has been of great importance when considering the available investment options for my forthcoming retirement. I have always considered that Holden & Partners is very client centred and they have my best interests at heart. I have been with Holden & Partners since 1996 and have recommended them to friends and colleagues on many occasions.

Michael, Surgeon

Holden & Partners manage our company pension scheme with a totally professional and dedicated approach. They have worked with us over a number of years, and are able to explain the potential ‘minefield’ that is pensions, to make it perfectly accessible for the staff.

Jeremy, Print Management Partner

On retirement after 40 years of salaried employment, I interviewed several financial advisers, amongst whom Mark Dodd of Holden & Partners was the nicest and seemingly the most understanding of my investment needs and priorities. Since then my wife and I have had regular (c.6-monthly) meetings with him in order to check and, when necessary, adjust the holdings in our portfolio. This has been very helpful and provided a comforting sense of confidence and security. I have recommended Holden & Partners to others and will certainly continue to do so.

Patrick, retired university professor

It’s easy to feel powerless in the face of global trends such as climate change and environmental destruction. But I feel I regain power as a consumer and a citizen by thinking about where I spend my money and to whom I entrust my savings. I chose Holden and Partners because they were recommended to me and because of their strong track record in ethical investments. It has proven to be a wise choice. Their advisors listened carefully to my needs and created an investment strategy and portfolio that has met and indeed continues to exceed my expectations. The culture of a company also matters to me, I have found their advisors to be well informed and financially shrewd but also easy to speak to and engage with. Many of us find it difficult to trust institutions and organisations these days, but I do trust Holden and Partners to make the right decisions on my behalf.
I would have no hesitation in recommending them to others.

Patrick, Advertising and Marketing Consultant

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