Business Continuance in Light of Covid-19

Business Continuance in Light of Covid-19

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Just to let you know that we will all be continuing to work from the office for as long as we can, the Burscough team being larger, is working in 2 teams and alternating days in the office and from home so measures to be able to work remotely at full capacity with full electronic access to all information required are already in place.

Should we go to lock down then our office phones will be diverted to our mobile phones so please continue to contact us in the same way using either the office number or by email.  If you aren’t sure which email address to use is the central email address and your enquiry will be redirected from there.

We now also have a client portal that will allow you online access to your full policy information and values, as well as a further secure way to contact us.  If you would like us to register you for this service, please let us have your preferred email address so that we can send you a link to complete the registration process.

We are in unusual times and stock market moves are extraordinary and unseen since the 2008 banking crash. However, they need to be seen in context of what’s going on around us. We know the economic impact will be severe but calculating the extent and duration of the downturn, as well as the recovery, is currently near impossible. However, this is still looking like a disruption and it is the length of this period that we now need to try to assess.

The pandemic will inevitably throw up some long-term opportunities to buy stocks – companies with attractive business models at attractive prices. It is interesting that yesterday, when the FTSE 100 was down 5% or so, most supermarket shares were up 6% or so. These are only short-term gains but a sign that there is still faith in the economic markets.

This is where fund managers need to earn their management fees and we are seeing signs of funds being moved to protectionist positions.

Please do not hesitate to contact us should you have any questions

Do take care and look after yourselves -staying safe is the number 1 priority.

Best wishes from the whole Acumen team at both Burscough and Pilling offices

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