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Lockdown Diaries - 10.4.2020

9th May 2020

10.4.2020

Good afternoon,

I hope you and your family are as well as possible through these extraordinary times.

Who would have thought earlier this year that we would be in a state of lockdown and Boris Johnson would be hospitalised for his COVID-19 symptoms?

I have lived and worked through many difficult situations over the past 40 years, but this time it is very different. Not being able to meet with clients on a face-face basis throws up all sorts of challenges. However, we continue to provide our full service to clients, albeit we are all working from our homes with the exception of one member of the Pilgrim team working at the office each day to coordinate correspondence.

There are challenges working from home and I am told that I should take regular breaks. With this in mind, my wife and I get together over a coffee to take part in Radio 2’s Pop Master Quiz at 10.30 each weekday morning. I hadn’t realised how competitive we would get over a radio quiz. Needless to say, Julie wins every time!

All members of the Pilgrim team are well and as always very happy to hear from you. We all have a need for human interaction, so a phone call or Zoom conversation can always be arranged. Please do not hesitate to call Dan, Damien, David, Steve or me if you would value a discussion or if you would like to set up a Zoom conversation.

As I write, investment markets have been gaining ground over the past few days as the spread of the virus slows. This is a relief as it is always depressing to see the values of investments declining as has been the case in recent weeks.

Government ministers are now under pressure to spell out a long-term exit strategy from the lockdown. This will be a real challenge and the peak pressure point on the NHS will need to behind us. So, it appears that we are likely to be in lockdown at least a few more weeks. In the meantime, we will be here to help you with your family finances.

I wish you and your family a very Happy Easter.

Peter Hill

Director
Pilgrim Financial Planning

Peter Hill

CII

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