Retailers and landlords collaborate to tackle climate change

The Retailer/Landlord Net Zero Building Protocol has been launched to reduce carbon emissions from retail properties. The protocol outlines the principles required for net-zero retail sites and is designed to set high sustainability standards between retailers and property owners. It is designed to support commitments from businesses to reduce carbon emissions and align with the Government’s requirements for better energy …

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 …

Care concerns as MPs vote on lifetime cap

MPs have voted for a change to a new social care cap in England, excluding means-tested local authority support from the £86,000 lifetime limit on care costs. In a narrow victory for the government, the amendment succeeded but could mean poorer families are disproportionately affected by the change. When introduced, the lifetime cap will cover fees paid for personal care, …

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 …

Autumn Budget 2021 – Just The Highlights

On Wednesday, 27th October 2021, the Chancellor, Rishi Sunak, delivered his third Budget as the economy is still recovering from the pandemic. He announced he will increase total departmental spending by £150bn over the course of this parliament. While updates to the associated Treasury Direction and HMRC’s Guidance are awaited, the key updates are as follows: Economy and public finances Inflation …

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 …

Financial Well Being decreased during 2020

How did your personal wellbeing hold up during the first twelve months of the pandemic? The Office for National Statistics (ONS) track a range of indicators designed to measure personal wellbeing. In their latest release, the ONS reports that personal wellbeing in the UK declined in the year to March 2021. It was the most significant decline since the survey …