July Market Commentary

Posted by siteadmin on Wednesday 5th of July 2017

June was a fairly quiet month.
Well, apart from the chaotic General Election in the UK. Oh – and the decisive win for Emmanuel Macron in the French parliamentary elections. And the start of the Brexit negotiations. And Italy was forced to bail out two more banks. President Trump pulled out of the Paris climate change agreement – and in Brazil, President Michel Temer was accused of corruption – the first sitting President in Latin America’s largest country to face criminal charges. Anything else? Just another global ransomware attack…

In fact...


Politics: What about my savings and investments?

Posted by siteadmin on Wednesday 5th of July 2017

Whilst the country takes in the latest developments in the ongoing saga that is contemporary British politics, one question that many will be looking for answers to, is how the result of the general election is likely to affect them financially. It’s inevitable that savings and shares will be impacted upon in some way by Theresa May’s failure to convert her confidence in April into a larger majority in June and the resultant Conservative/DUP deal, as well as the wider ramifications the election outcome might have for the upcoming Brexit nego...


Wills for cohabiting couples

Posted by siteadmin on Wednesday 5th of July 2017

There’s no denying the huge steps forward seen in creating equality for same-sex couples in the UK during the 21st Century, first with the Civil Partnership Act 2004 and then the Marriage (Same Sex Couples) Act 2013. However, as heterosexual couples have marriage as the only option open to them to make their relationship formal, there have been suggestions of a new inequality having now been created. A legal challenge by mixed-sex couple Rebecca Steinfield and Charles Keidan to be able to enter into a civil partnership instead of a marriage ...


June Market Commentary

Posted by siteadmin on Monday 5th of June 2017

As we wrote last year, ‘It is tempting to think that Brexit is the only game in town.’ Cross out ‘Brexit’ and replace it with ‘General Election’ and the sentiment holds good. But the world keeps turning – or in May, nearly grinding to a halt as the WannaCry ransomware attack hit more than 250,000 computers in more than 100 countries, with our own NHS being particularly badly hit.

Once the computers were back up and running, UK growth for the first quarter of 2017 was revised down, whilst US growth for the same period was revised sharply upw...


Is the triple lock likely to become the double lock?

Posted by siteadmin on Monday 5th of June 2017

Pensions are always up for discussion when election time rolls around, and the weeks leading up to this year’s snap election have been no exception. The biggest talking point is around the topic of the ‘triple lock’, the guarantee that pensions will rise in line with the growth in wages, the rate of inflation, or by 2.5% – whichever is highest.

Whilst Labour have pledged to continue with the triple lock should they come into power after 8th June, the Conservatives have refused to confirm that they will protect it. As Theresa May is currentl...


Bill to the Bank of Mum and Dad could reach £6.5bn

Posted by siteadmin on Monday 5th of June 2017

A recent report has suggested that the ‘Bank of Mum and Dad’ will be lending their children over £6.5 billion this year in order to help them onto the property ladder. The projected figure is around £1.5 billion higher than the £5 billion loaned by parents to their offspring in 2016, demonstrating an increase of 30% and meaning that more than one in four property transactions in the UK in 2017 will involve parents.

The figure is similar to that lent by the Yorkshire Building Society, the ninth biggest mortgage lender in the UK, and will hel...


May Market Commentary

Posted by siteadmin on Wednesday 3rd of May 2017

Introduction

It’s difficult to know where to begin this month!

In France? Where we now know the French Presidential election will be a straight fight between Emmanuel Macron and Marine le Pen.

In the UK? Where, having declared several times that she saw no need for a General Election, Theresa May summoned everyone to the polls on 8th June.

Or in North Korea? Where the simmering tensions between Kim Jong-un and Donald Trump threaten peace and stability in the region.

Politically, the world was a volatile place in April – but the world’s ...


Top tips to embrace the lighter evenings

Posted by siteadmin on Wednesday 3rd of May 2017

Recent research from YouGov has found that half of all Brits think that British Summer Time (BST) should continue, compared to just 38% who believe the practice of putting our clocks forward in March and back again in October should be scrapped. The biggest BST fans were those in the 18-24 bracket, where 65% wanted it to continue compared to just 20% who didn’t. The scales tipped marginally in the opposite direction at the other end of the age scale, with 45% of over 65s in favour of BST compared to 49% against it.

So, what are some of the ...


Pension Savings: a brief recap on your options

Posted by siteadmin on Wednesday 3rd of May 2017

It’s been two years since the government introduced pension freedoms, greatly expanding the options for how those who have saved into a defined contribution pension product can access their savings. There are now a number of different ways to take advantage of pension freedoms, so let’s have a look at each of them and the potential advantages and disadvantages of each.

If you can afford to do so, choosing not to access your pension at 55 can be one of the most beneficial options to take. You can continue saving into your pension if you want...


April Market Commentary

Posted by siteadmin on Thursday 6th of April 2017

Introduction

It’s tempting to think that Brexit is the only story worth reporting. In fact, there was plenty happening in March, from elections in Holland to a rate rise in the US, new growth targets for China and – also in the Chinese capital – a park which spectacularly failed to live up to its name…

The main global news was that finance ministers from the world’s biggest economies have dropped an anti-protectionism commitment after opposition from the US. G20 ministers usually end their meetings with a commitment to bolster and support ...


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