In 500bc, ancient Greek philosopher Heraclitus of Ephesus famously said, ‘Change is the only constant in life.’

It is a sentiment most of us can all generally agree on but just because we know change is a certainty, it doesn’t mean we have to like it.

Fast-forward two and a half thousand years, and Britain sits on the edge of one of its biggest political changes in over half a century and although we can all agree change is inevitable, most of us are more divided than ever on how that change should happen and what it should look like.

With near constant Brexit updates that have become more feedback loop than news-cycle, it is hard to know what to do next when it comes to your financial planning, but whether you voted leave, remain or didn’t vote at all, IBC can help you finally agree on something – the most important things you can do now to take control of your financial planning no matter what happens next.


Do your research

In 2016, Michael Gove famously claimed ‘people in this country have had enough of experts’. Strange then that since the referendum was decided every man and his dog has become an armchair expert on what it is going to look like after we leave the European Union.

At IBC, we take another approach and, if you really want to get to grips with what to do next with your money, so should you. As a team we would never be brazen enough to say to you, ‘this is what happens after Brexit’ because just like you, your neighbour, your friends, your family and your colleagues, we’ve never lived through a Brexit before – so we can’t claim to say with certainty what happens next. But we can do the research.

Brexit has never happened before, but political strife has and always will happen – so although there is no precedent for the UK leaving the EU, there is precedent for changing trade tariffs, trade negotiations and what the markets did for different territories during those time periods. There is research on what reliefs were made available and which ones weren’t. There is data out there that tells us what happened for people and businesses.

Just like it is incumbent on a student to study hard before an important exam, it is incumbent on us to research before political change finally gets in motion. And for a clear financial plan on how to manage your wealth as Brexit moves forward, IBC is here to do that research on your behalf.


Don’t assume the worst

It is a simple truth that in a capitalist system of governance, the more politically engaged you become the more financially aware you’ll be, and more often than not it is human nature to assume the worse when there is even a hint of bad news. But the truth is bad news doesn’t always spell doom.

Immediately after the referendum result, the pound lost value and the knee-jerk assumption might be that this is terrible news, but the reality is a little more complex. With over 75{667290b260ff28168e623797c2c2c0d16bc37bf47122766d0a4dd91733155e89} of the FTSE 100 revenue generated overseas, a lower valued pound meant for more competitiveness, which actually generated a huge boost in FTSE revenue. Will this last? It is difficult to predict but the point is not all negative news is as it seems.

With regular review meetings and calls, IBC can help you evaluate what the news means for you and your financial circumstances so you know whether you need to make precautions and what those precautions might need to be.


Review, review, review

If nothing else, Brexit teaches us how important it is and will be in the future to understand what your current financial infrastructure looks like. Brexit was not the first political process that has caused a stir and it definitely won’t be the last, so it is more important than ever to review your incomings and outgoings, review the industry you work in, review the investments you have made or plan to make, or just review your plans in general.

At IBC, we believe you can never review your finances too much, that’s why as your adviser, we’ll always be here to help you research what something might mean, to deconstruct what might seem like a negative financial news story and of course, we will be here to help you review, review, review – for peace of mind, if nothing else.


How Can We Help You?

Get in Touch Triage Guide