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Glimmer of Hope - 17.4.2020

9th May 2020

17.4.2020

Good afternoon everyone,

I hope that you and your families are keeping safe and well through these troubling times. If the virus has affected you or your loved ones in any way, our thoughts are with you.

As we enter week four of lockdown, the novelty has certainly worn off. The lack of structure and school work during the Easter holidays has certainly challenged the three boys in the Rylett household. Boys don’t do arts and crafts so have had to find other ways to amuse themselves!

There does seem to be a glimmer of hope and a sense that we are reaching the peak and the so called curve seems to be flattening. There is also some talk of some success in some of the therapeutic drug trials.

Whilst a further three week period of lockdown has been announced it is pleasing to see news of how other European countries may handle an exit to the lockdown. Whilst it will be some time before a return to normality, some easing will be good for everyone’s sanity and the economy.

For those of you that have been to our office in Bristol, you may have seen this canvas on our meeting room wall.

What you should focus on

The simple message that this picture carries has resonated with me perhaps more so than normal during this crisis. We can’t affect what is happening to us but we can certainly change the way we react to it.

As a business, Pilgrim is absolutely intent on coming out of this crisis in a better place as we use this time to work on the things that we can control.

The Pilgrim team have continued to work hard behind the scenes to ensure that our service to you, our clients can continue in the way you have come to expect. We thank you for adapting so quickly to a new way of working where we have asked you to.

The team are also working tirelessly to ensure that our new secure client portal is rolled out to all of our clients. Our plan to launch our new investment platform, the IronBright Investment Platform is gaining momentum as we head towards our June target date, initially for Bristol based clients and then Wells clients, later in the year. Your adviser will be in touch to discuss this in more detail.

We can’t control or predict the markets or the impact this crisis will have on the economy over the long-term. What we can do is ensure that you have a robust financial and investment plan in place that can weather the storm and keep you on track.

It was the boxer Mike Tyson who once famously said “Everyone has a plan until they get punched in the face”. Well, this coronavirus crisis is that proverbial “punch in the face”. If you need to check whether you are still on track or whether any adjustments to your plan need to be made, please contact your normal adviser.

If anybody has any feedback or would like to get in touch, please email me on damien@brunelcp.com or contact your adviser. I hope everyone stays safe and well.

Best wishes,

Damien Rylett

CEO
Pilgrim Financial Planning

Damien Rylett

CII

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