deVere to offer free financial advice during coronavirus outbreak

deVere Group, which operates in more than 100 countries worldwide, has launched the service with immediate effect.

Chief executive Nigel Green said: “We are launching contactless advice now – which is an industry first – for four clear reasons.

“First, social distancing is currently the only tool available to fight the spread of the coronavirus. As such, more and more cities, regions and countries are going into lockdown and people into enforced or self-imposed isolation to help fight COVID-19.

"This means that they might not be able to see their financial adviser face-to-face as they do ordinarily.

“And second, the economic landscape is shifting. The global economy is facing a short and deep recession. As always, new industries will emerge and, of course, there will be winners and losers in terms of sectors, jobs and wages – and this will, naturally, directly impact people’s finances.

“Third, we’re moving towards an era of negative interest rates, which will affect people’s investment decisions, amongst other financial matters.

“And fourth because the ongoing volatility will present challenges that will need attention, but also major – perhaps once-in-a-generation – buying possibilities and ways to shore-up your retirement income.

“Against this backdrop, in order to create, build-up and safeguard their wealth as the world adapts to a new era, investors should be revising their portfolios to ensure they mitigate risk and take advantage of the opportunities.”

He added: “Using a combination of existing technology, and our industry-leading applications, we're able to offer unparalleled financial advice from the comfort of your home.

“In these trying times we must all play our part, by removing physical interactions from our services, you can have peace of mind that your health, and your wealth will remain secure."

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