What the Donald Trump win means for your pension pot November 9, 2016 Given all the excitement this morning, your retirement funds might be the last thing on your mind, but you might want to take a moment or two to ponder your pension after all. The fallout from Donald Trump's election win might call for some careful thinking about pension pots, industry experts have warned. Trump's somewhat [...]
“We are heading into a world of unprecedented political risk”: Seven investors react to Donald Trump’s victory November 9, 2016 In a poll last week, 80 per cent of financial advisers predicted a Donald Trump victory in the US election would have a negative impact on investments. Just four per cent of the 202 UK independent financial advisers surveyed by Opinium Research said it would be positive. With that in mind, here are the early [...]
How to put your children onto the property ladder (without acrimony) November 9, 2016 With rising house prices and tighter lending criteria, it is increasingly difficult for young people to get onto the housing ladder. In most cases, they will need to call on the Bank of Mum and Dad. Parents who want to help their children are often uncertain about the best way to provide the funds, the [...]
BMW workers vote in favour of strikes at UK factories over final salary pension closure November 8, 2016 The number of Minis and Rolls-Royce cars rolling off the production lines in the UK could be considerably disrupted after thousands of workers balloted in favour of strike action. BMW, which owns the two iconic brands, is planning to close its UK final salary pension scheme. Read more: Unite ready to fight BMW over pension changes A raft of [...]
It’s finally arrived: How to trade US election night November 8, 2016 Even with her exoneration by the FBI at the weekend, a victory for Hillary Clinton is not yet guaranteed. Just a few hours before an expected 130m Americans head to the polls, it is still unclear which candidate will enter the Oval Office next year. She may have the edge – Nate Silver’s FiveThirtyEight had [...]
Trump versus Hillary: How to make money whoever wins the US presidency November 8, 2016 This presidential campaign has been nothing if not unpredictable. Less than a fortnight ago, a victory for Hillary Clinton looked all but certain. Then it emerged that the FBI was investigating a new set of emails connected with her private server. Now, she has been cleared, but Donald Trump is arguing that her latest exoneration [...]
Expect a Donald Trump victory to drive gold prices higher November 8, 2016 The 2016 presidential election and its likely impact on financial markets is proving incredibly difficult to call. First we have the relative outperformance of the US economy versus many other major countries to consider. Regardless of who wins, it seems as good as inevitable that US interest rates will still be rising before the year [...]
As a new report finds household debt reaching £1.5 trillion, is this a disaster waiting to happen? November 7, 2016 Baroness Altmann, former minister of state for pensions, says Yes. This news makes for disturbing reading. Casting our minds back a few years to the events leading up to the 2008 crash invokes an apprehensive sense of deja vu. Was it not excessive borrowing that led to the crisis we are still struggling to overcome? [...]
Clinton good, Trump bad: Market reaction to changing odds is too simplistic November 7, 2016 Thank goodness Britain is a nation of geniuses (or should that be genii?). Not even six months after the UK got to grips with the minutiae of EU rule-making and its enormous, surreptitiously dastardly implications for our country, we have all suddenly become experts in British Constitutional Law. We have had a lot of assistance [...]
Sainsbury’s to reveal how much its pension scheme has grown over the last six months November 6, 2016 Sainsbury's pension scheme deficit is expected to have ballooned by up to £900m over the last six months when the company releases its interim results on Wednesday. The supermarket's pension hole stood at £390m in March but analysts are predicting that a chasm will have developed. Market expectations are that the deficit will be between £900m and £1.3bn. Read [...]
