Blog
Many investors are worried about the US election’s effect on the stock market. One school of thought is a Biden victory could lead to measures that would hit businesses. Another asserts the stock market prefers Republican victories. What does the data say? The logic of efficient markets is that anticipated events do not impact prices.
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The Government has rejected the Public Accounts Committee (PAC)’s proposal that HMRC should evaluate pensions tax relief. The concern was HRMC did not understand the impact of some of the UK’s largest tax reliefs which includes pension tax relief. The committee called for a formal review, but the Government disagreed. They pointed to several recent consultations
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The pace of the global economic recovery from the Covid-19 pandemic appears uneven. Recent US economic data has been at the optimistic end of expectations. However, activity in the UK, where Brexit looms large again, has lagged forecasts. The risks of a second Covid-19 wave (and, potentially, more severe lockdowns) are growing. But so too
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The Institute for Fiscal Studies the effect of the pandemic on those nearing the end of their working lives. In a new Briefing Note, the IFS investigated how workers aged 50 and over have reacted to the pandemic. This has included how their retirement plans have already been affected by the crisis. What were the findings?
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As discussed in a previous post, National Savings & Investments have cut the rates they offer to savers. For most of our clients, we only see cash as a way to cover short term obligations which we looked at here. However, we have a very small number of clients who have pensions and have not
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Open Banking is a secure way to share your financial information. It is now available on your Personal Finance Portal (PFP). The introduction of open banking is a great opportunity to put you in control of your money. It is important to understand what it is and what it can do for you. Briefly, open
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The Money & Pensions Service (MaPS) has undertaken some research among people aged 50-70 with some pension savings besides the State Pension. The results make disturbing reading: 37% of over 50s are leaving their retirement financial planning until their final two years before retirement or won’t prepare at all 35% of retirees said they left financial
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If you were not prepared financially for the first wave, then that is understandable. However, being prepared for a second wave is critical. So, what can we do? Do not rely on the Government When the infection first reached the UK, the government was quick to step in and help people financially through various schemes.
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National Savings & Investments has significantly cut the rates it offers to savers. Savings analysts have long kept one eye on NS&I’s next move. The bank helps to fund the Government’s spending, so it has to balance the rates paid to savers with the cost to the Treasury. NS&I had planned cuts earlier this year.
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Imagine a scenario where your business partner and fellow director has died. Your business partner’s wealth, including their share of the business, passes down to their family. This poses significant potential risks to your company. They could become involved in business decisions they know nothing about. They could also sell the shares without your consent
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