Evidence points to the recent changes stalling individuals’ desire to contribute to pensions The cost of pensions tax relief is one discussion that never quite goes away. Instead, there seems to be constant speculation both on the current costs, whether it is sustainable and, more importantly, whether the Government – this one or a future […]
James Hay grew its assets under administration by 15 per cent to £25.5bn in 2017, as net inflows also increased. James Hay parent IFG Group released its full-year results today, reporting net inflows at James Hay of £3.4bn, which was an increase on the 2016 result of £2.6bn. Overall, the group posted a £400,000 loss for […]
The Financial Ombudsman Service will be reviewed by an independent person following claims of poor staff training and alleged biases in its decisions that were exposed in a recent Channel 4 investigation. Treasury Committee chair Nicky Morgan wrote to FOS chief executive Caroline Wayman on 13 March asking for more information about the findings of […]
The Government must start a national information campaign to highlight the dangers of pension scammers according to MP Stephen Lloyd. The Liberal Democrat spokesman for works and pensions has issued the call on the back of research from Retirement Advantage which found around one in seven people over the age of 50 with a defined contribution […]
James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist
The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading
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