The TCFP investment committee met this morning in the light of Russia’s invasion of Ukraine.
The raw data shows that equities have fallen by just short of 10% so far this year. By the end of today Mr Putin will have pushed us through the 10% barrier which makes it time to act.
At this juncture we will immediately rebalance all ISA and pension portfolios to the current model.
Cash balances and investments accounts will remain as they are because cash is for your short-term needs and investment accounts have tax matters to contend with.
We may take further action in due course depending on what happens next.
Please rest assured that we remain vigilant and available to you should you wish to discuss any matter.