In the UK, we are being urged to stay indoors and socially distance ourselves to prevent the spread of the virus further. As humans, we are experiencing significant structural reform as we adapt to our new working lifestyles and plan around the latest advice issued by the Government.
Up until I founded Juniper Wealth my entire career had been in home based, flexible working roles. From working from the kitchen table to dedicated home offices to being on first name terms with my local Baristas I have navigated this for over a decade and have learned a few things in that time.
Policymakers around the globe are turning to their fiscal armouries to meet the economic challenges that the Coronavirus is, and will be, causing. This is a welcome development and as we have written previously, central banks have all but exhausted what monetary policy can achieve.
President Trump is pushing for a stimulus package that could reportedly be as much as $1.2 trillion and UK Chancellor, Rishi Sunak, has unveiled £330 billion of state loan guarantees, with an additional £20 billion of financial handouts aimed to help businesses cope with the impact of COVID-19. These stimulus packages are looking to offset the short-run economic damage that is likely to be done from social distancing, travel bans and outright quarantines.
Do you need to repay some of your Child Benefit?
New HMRC figures obtained by NFU Mutual show that the government collected £1.65bn from the High Income Child Benefit Tax Charge (HICBC) between its introduction in January 2013 and the 2016/17 tax year.
Memories of what it was like during the turmoil of the global financial crisis have resurfaced, but even in the height of the tumultuous times of 2008 and 2009, the market did not have such extreme one-day movements as we have just experienced.
While we wait for the signs that we are close to the bottom, which means needing to see a little more clarity and certainty, such as infection rates slowing or evidence of global containment, we need to remember our long-term goals. A pragmatic approach of long-term investing will enable investors to hold their nerve during the most turbulent of times. Rest assured, cognisant of the current market volatility, the investment team continue to execute the processes our portfolio managers have been using for years, to ensure we deliver robust outcomes to all our long-term investors.
Saving enough for retirement can be hard.
With so many competing pressures on our expenditure each month, finding spare money to set aside for our older age can often slip down the list of priorities.
There are however real opportunities to get ahead of your peers by taking certain opportunities.
We look at a few of them here:
Surfers have a saying which I think can be applied to markets quite well. It goes “Waves are not measured in feet and inches, they are measured in increments of fear.” Great surfers rely on muscle memory, those repeated processes they have completed hundreds upon hundreds of times. Not all waves are the same but how you ride them using the same techniques. It has been reassuring over the last week as I have been speaking with our portfolio managers to hear they are sticking to their processes and remaining calm. Each portfolios is behaving as we would expect given the level of risk being taken.
There is an old adage that says “if you want a job done, ask someone who is busy”.
In the world of insects, most of the work is done by the females; all daughters of the Queen of the colony. In the animal kingdom the lionesses do the hunting but when it comes to human beings the burden is generally shared with both men and women carrying out the work.
Recent statistics show that more and more women are entering the workplace, pushing employment levels to a new high.
It was media heaven last week as the headlines screamed about the worst week for investors since the global financial crisis in 2008
The Coronavirus has encapsulated the fears of investors; like the disease, they fear the spread and fallout in markets will ultimately lead to the next recession.
Policymakers around the world look to grapple with the consequences of transport and supply chain disruptions resulting from efforts to contain the outbreak.
A degree of forbearance is needed for companies who have been affected the most from the global supply chain disruption.
It is important that any policy response needs to be granular and specific, as the previous blunt tool of interest rates cuts will arguably not be sufficient in this instance.
When workplace pensions were introduced, there was widespread concern that a high proportion of employees would opt-out, and therefore miss out on contributions made by their employers.
This fear does not appear to have materialised for most savers, with one exception.
>New research by insurer Royal London has found that women in their 20s and 30s face significant challenges in saving for retirement, and young women are putting their future retirement security at risk by opting out of their workplace pension.