Portfolio construction in 2025: The importance of diversification extends beyond asset classes

Diversification must go beyond spreading investments across equities, bonds, and cash (Source: Professional Adviser)

Reassessing Diversification in 2025
Amid ongoing economic uncertainty, diversification remains essential—but in 2025 it must extend beyond the traditional mix of equities, bonds, and cash.

With trade tensions, stagnant UK employment, and low business confidence, advisers face mounting pressure to rethink portfolio construction. Traditional hedges such as gilts, gold, and even crypto are attracting attention, yet one of the most effective opportunities lies closer to home: backing UK innovation through venture capital.

The Enterprise Investment Scheme (EIS) enables investors to support early-stage UK companies, access growth potential, and benefit from tax advantages including 30% income tax relief, capital gains deferral, and inheritance tax mitigation. It also helps keep capital in the UK, reducing currency and geopolitical risk.

With the January self-assessment deadline approaching, advisers have a timely chance to secure these reliefs for clients—if EIS managers can deploy capital and issue certificates swiftly.

Diversification today must also include geography, tax strategies, and intergenerational planning. As pensions become more exposed to IHT, tax-efficient vehicles like EIS and VCTs are vital tools for protecting wealth while supporting the UK’s entrepreneurial ecosystem.

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