Financial planning in uncertain times: Why market speculation is a signal to talk, not panic

Overview

Slow UK economic growth coupled with global and domestic political unrest causes financial planning in uncertain times to seem overwhelming. Closer to home, as Autumn Budget speculation intensifies this adds further fuel to the fire with potential changes to ISAs, pensions, inheritance tax and property levies being discussed.

Our financial advisers are closely monitoring the landscape and provide insights in this article by discussing:

• Financial planning in times of economic uncertainty, political unrest and ongoing speculation around fiscal policy
• What you should avoid in times of uncertainty
• How your adviser can help turn speculation into strategy.

Financial planning in uncertain times

For financial advisers this is one of the busiest periods, not because we can predict the Chancellor’s red box, but because financial planning in uncertain times drives clients to seek clarity. We’re not just navigating speculation around the Autumn Budget, we’re doing so against a backdrop of global political unrest, domestic policy shifts and sluggish economic growth all causing volatile markets.

It is natural to feel unsettled in uncertain times, headlines can be alarming, speculation distracting and the volume of conflicting opinions can leave people unsure of what to do next. That is where as financial advisers our role goes further than just planners, but as calm, informed guides to help you stay focused and confident in your long term strategy.

For many individuals and families the noise can seem overwhelming, however it is in these moments that the value of trusted financial planning in uncertain times becomes most apparent. This is what financial advisers strategize for because a well structured plan isn’t build on predications it’s built on principles.

What should you avoid in times of uncertainty?

We have found that quite often, reacting to speculation can derail long term prudent plans. Last year, many rushed to access pension funds fearing the loss of tax free cash.

In the UK, pre budget 2024, a record £18.1 billion was withdrawn as tax free cash by pension savers in the 2024/25 financial year. This was up from £11.3 billion the year before, according to Financial Conduct Authority (FCA) data.

Whilst we know that hindsight in a wonderful thing, there are some that are now regretting that decision for various reasons. This is a clear example of demonstrating that now is not the time to panic or make reactive decisions, it is the time to talk.

Our recommendation

It is important to really emphasise that financial planning in uncertain times thrives on clear strategic objectives and a plan, both of which should have a focus on the longer term. To remain financially resilient, avoid making hasty decisions without context but remain focused on your long term goals.

This is precisely why now is the time to talk. Uncertainty can be a powerful trigger for reviewing goals, assessing risk and exploring opportunities. Whether it’s estate planning, pension drawdown, or tax efficiency, a conversation with your adviser can turn opinion from an often polarised media landscape into clarity.

Summary

So if you’re wondering whether to act, our advice is to ask, check in and don’t guess. Advice doesn’t predict the future, but it does help you to prepare for it. A conversation with your adviser can help turn speculation into strategy and uncertainty into informed action. Get in touch today.