The Trades Union Congress has questioned the emergence of pension superfunds that aim to offer employers a cheaper way of providing pensions. Usually a firm wanting to offload its scheme pays an insurer to take on the risk but organisations are entering the market that want to do this service more cheaply. In March a […]
So-called management gurus can cause a lot of damage with their advice The origins of the ‘guru’ are found in the US Constitution’s Bill of Rights, which guaranteed freedom of religion. It triggered a growing and competitive market for religious sects in the States, with new, evangelical ones gaining a 70 per cent market share […]
Hargreaves Lansdown has seen new net business hit £3.3bn in the first four months of this year. In its Q1 trading statement released this morning, the company has seen 60,000 new clients in the period, with assets under management reaching £88.8bn as at 30 April. The group attributes its Q1 growth to investment in its […]
The children’s element of critical illness cover needs to be handled with care by advisers and providers. Nobody wants to think about themselves or their family becoming critically ill, least of all their children. However, sadly, there is sometimes no escaping it, which is why children’s cover has been a part of adult critical illness […]
By Robin Geffen, fund manager and CEO
This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar.
In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.
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