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Rising interest rates are changing retirement income perspectives. Three years ago was another era when it comes to interest rates. The Bank of England’s Bank Rate was just 0.1% in December 2020 when a government bond maturing in 2035 delivered a gilt-edged annual return of less than 0.4%. Today’s 15-year gilt offers around 5%.…
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At what age should you start actively planning for your retirement? The answer is now 36 years old, according to research undertaken by a major pension provider. By contrast, the starting age for today’s retirees averaged 49 years. Over half of that group now wishes that they had begun planning earlier. There are some…
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This new year, make time to review your regular payments such as subscription services – you may be spending more than you think. Many content providers for example – from Netflix and Disney+ to Spotify – have increased monthly fees over the past year. However, it’s not just entertainment platforms looking…
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While earnings season continued at pace this week, investors’ attention was also drawn to monetary policy announcements. The Federal Reserve (Fed) announced on Wednesday that interest rates will remain at the 23-year high of between 5.25%-5.5% for the third consecutive month. While the decision was widely forecast, Fed chair, Jerome Powell, pushed back on hopes…
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Welcome to the latest edition of Caves Quarterly, where we review the key market and financial news from the last few months, and look ahead to the future. The last quarter has been calmer than at this point last year but has still created interesting headlines. In this edition, we cover: Quarterly…
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Global Markets Update Q4 earnings season picked up in the States this week. Investors are keen to see if reported earnings match the optimism displayed since the Federal Reserve pivoted on interest rate expectations back in mid-December. So far, the mood has been pretty positive, with some high-profile ‘beats’ from names like Netflix and ASML,…
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Equity markets continued their sluggish start to the year with inflation figures once again dominating investor sentiment. On Wednesday, the Office for National Statistics released inflation data for the UK. In the year to December inflation was 4%, up from 3.9% the month earlier and higher than economists were expecting (3.7%). It is the…
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Pensions are often a fantastic way to save towards retirement, or just for the future, given retirement can be somewhat flexible under pension access rules. Pensions can offer tax relief on contributions, grow free of tax, and are only taxable when you withdraw in retirement, with up to 25% of the pension held available to…
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Whilst the thought of retiring may seem daunting, particularly as many believe they cannot afford to do so, an effective planning strategy will allow you to enjoy your retirement, with the flexibility to cater for all manner of scenarios that you may encounter in your later years. In this Guide to Retirement, we answer…
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Weekly Market Update – Week Ending 09/02/24
Earnings season continued at pace this week with some of the FTSE 100 heavyweights updating investors. On Tuesday, energy giant BP reported its second-highest annual profit in more than a decade, with earnings of $13.8 billion in 2023. This was, however, a decrease from the record $27.7 billion in 2022, with the fall in…
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