Bitcoin tumbles as billions are wiped off the cryptocurrency market

Bitcoin has tumbled by over 20%, heading down to the $50,000 per coin level, during a broader sell-off of the cryptocurrency market. Crypto speculators are already well versed in extreme levels of price volatility, a feature that sets crypto assets apart from mainstream investments. Early on Tuesday morning, Bitcoin was trading at $51,532. One factor influencing the price fall was …

Performance-based fee pension scheme proposals

The Department for Work and Pensions (DWP) has put forward proposals designed to make it easier for pension savers to access different types of investments. The DWP proposals would enable automatic enrolment workplace pension schemes to make greater use of performance-based fees, payable to an investment manager only if they generate higher returns on their investments. These fees to investment …

Investors turning bearish on emerging markets

A new survey of investors has found that more than one in four currently feel ‘bearish’ about emerging markets. The HSBC survey of 120 investors from 115 institutions representing $572 billion in assets found the proportion feeling bullish about emerging markets stood at 27%. During the last survey in July, 40% of investors surveyed felt bullish. The reasons for sentiment …

November 2021 Investment & Economic Update

Our latest monthly investment update for November 2021 looks at how the global investment markets, economy, and commodities perform. The FTSE 100 index of leading UK company shares closed at the end of October at 7,237.57 points, up 151.15 points or 2.13% during the month. European stock markets slipped back slightly at the end of October, despite delivering a positive …

National Pension Tracing Day

Did you know that 31st October is National Pension Tracing Day? On the day the clocks go back, people are being urged to use the additional hour to track down their lost and missing pensions. With an estimated £19.4 billion of pension pots ‘missing’ in the UK, there are 1.6 million pension pots to reunite with their rightful owners. Looking …

Use of credit cards and overdrafts to buy Cryptos increases

A golden rule of investing is you never borrow money to invest. This practice, known as leverage or gearing, involves using borrowed money to boost the returns from an investment. Leverage also boosts the risks involved, as losses are magnified too. A new study has found that almost two-thirds of cryptocurrency speculators have borrowed money to make their purchases. The …

How much does a decent retirement cost?

Academics have estimated that a single person needs a net income of £10,900 a year to achieve a minimum standard of living in retirement. The Pensions and Lifetime Savings Association (PLSA) have updated their calculations to reflect modern living standards, including Netflix subscriptions and haircuts. For a couple, the revised minimum standard of living in retirement now costs £16,700 a …

Not running out of money in retirement

What is the ultimate financial goal in retirement? For many, the sign of success once they finish working is running out of life before running out of money. Financial planning as it relates to retirement has a significant focus on cash flow forecasting to ensure that income and assets do not run out during an anticipated lifetime. New research from …

Pensions could tide you over, but watch out for this future tax bill

Do you ever worry about running out of money in retirement? It’s a common fear, with new research finding that more than half of people in their 50s are concerned about running outlasting their money rather than their money outlasting them. The research from insurer Scottish Widows placed 53% of over-50s in this category, with older workers the most likely …

Important inheritance conversations

When it comes to later life planning, talking to family about your plans is essential. According to new research, almost half of UK adults have not spoken to their family members about the contents of their will or their inheritance plans. While many people are basing their future plans on the receipt of an inheritance, and in many cases have …