On 18th July the UK government announced a consultation on pension taxation linked to the abolition of the Lifetime Allowance. It also considers other aspects of tax linked to pensions and proposes a significant change. Currently where pension member dies before age 75, benefits received by a benefi...

Despite the gloom that currently surrounds the UK’s economic outlook, the pound sterling has performed strongly, up around 23 per cent (as at July 14 2023) versus the US dollar since September 2022, and 5 per cent relative to the euro. Economic textbooks theorise that the principal determinan...

Your pension plan is there to help you fund your life in retirement. But how can you make your pension savings last for as long as you need them to when the cost of living has gone up so much? We have some tips that could help you prolong your retirement income while costs are […]...

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We ended last week with a slate of hawkish comments from central bankers – a reminder that they aren’t done tightening interest rates just yet and that market expectations for rate cuts later this year are probably much too soon, given the inflation outlook. From the ECB, Isabel Schnabel...

China’s Central Economic Work Conference took place last week and this is one of the most important events of the year in terms of giving the public an indication of future plans. Beijing promised to “forcefully revive market confidence” in contrast to last year’s “revive the confidence of...

The main event for markets this week is a busy diary for central bank policy decisions with the Federal Reserve, the ECB and the Bank of England all expected to raise interest rates.  The ongoing rally in US equities ran into some headwinds on data pointing to continued high inflation and a still-t...