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‘Gold has mettle as indicator of inflation’

Gold is a better indicator of the direction of inflation than the oil price or consumer price index, says the World Gold Council.

The body also claims that gold is a better hedge against inflation than inflation-linked bonds and is an effective hedge against economic shocks, given that it has a finite supply.

Research commissioned by the World Gold Council and carried out by HC Wainwright & Co Economics says the CPI is too reactive and backward-looking to monitor inflation while the gold market is more efficient in pricing in inflation risk.

HC Wainwright & Co president and director of research David Ranson says his study found that gold prices are a very effective leading indicator.

Analysts monitoring the gold price would have noted the inflationary pressures on the US and other major markets a couple of years ago, he says.

Ranson says: “The implications of a change in the gold price are far-reaching. Gold serves as a dependable barometer of purchasing power and, therefore, of pressures on inflation and bond markets.

“The price of gold and other precious metals has been signalling a return to inflation for some time and if, as we expect, inflation continues, managers will be scrambling to find investment instrum- ents with which they can pro- tect their portfolios from its pernicious effects.”


ABI publishes resource guide

The Association of British Insurers has published a resource guide to help insurers with marketing and publicity material for life and pensions. It covers considerations for financial promotions and guides for with-profits and structured products. This forms part of the ABIs five-point programme to restore confidence in long-term savings.

Mortgage 2000 links up with MortgageStream

Mortgage 2000s sourcing system Encore has announced that they are to extend their offering of connectivity to back office systems by launching a two way link with MortgageStream. This will enable their users to import and export client and lender data plus all relevant documents including KFIs and Fact Finds to and from MortgageStream.It has […]

NU chief’s apology to IFAs over service

Norwich Union chief executive Gary Withers has issued a personal apology to advisers for the company’s significant slip in service standards this year. Letters are being sent out to 35,000 advisers around the UK to apologise for and explain why service levels in protection and investment bond application procedures started to slide significantly, particularly this […]

Trust discounts narrow to 7.4%

The average investment trust discount has narrowed to 7.4 per cent – the lowest level in more than a decade – after two years of strong market growth, says the AITC.


Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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