Property funds are often promoted as being ‘safe as houses’; or, more accurately, offices, retail parks and industrial estates. We’ve never recommended them, as when they crash, as they have many times, they crash big. All have, in their small print, a potential six month embargo on encashments, to avoid forced sales of their assets when there’s a run of punters wanting their money out, and all of them put this into play in March. The regulator wants this to become the norm, so you’ll always have to give 6 months notice to get your money out. That would be the death knell for many funds; and possibly, too, for many an ailing shopping centre.
“Advice firm Almond Financial moves to four-day working week”
The Four Day Week was much discussed and trailed post-COVID, when remote-working looked likely to end strap-hanging commutes for good and laptops on the kitchen table were to become the ’new norm’.
