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Market Update – 25th October 2023.
This week, investors mulled over multiple PMI datasets, most notably from the UK and US. A PMI below 50 indicates a contraction, while anything above indicates an expansion. In the UK, the preliminary reading for the services sector dipped slightly to 49.2 in October 2023 from 49.3 the previous month.
How to track down lost pensions and guidance on pension consolidation.
The total value of lost pension pots has grown from £19.4 billion in 2018 to £26.6 billion in 2022. There are 2.8 million lost pension pots sitting unclaimed because they’ve been simply lost or forgotten about.
How BT supports employees to build financial resilience and prepare for retirement.
Research by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all.
Market Update – 18th October 2023.
The US consumer once again displayed resilience this week as fresh data came in on Tuesday regarding retail sales, placing the US even further away from recession. Shoppers were revealed as continuing to spend
Market Update – 11th October 2023.
This week’s headlines have centred around the conflict between Hamas and Israelis that has seen many people either wounded, killed or displaced from their homes. On Saturday, an attack by the group, Hamas, occurred and was swiftly followed by Israel declaring war on the Gaza Strip
The cost of money worries.
New research from WEALTH at work has revealed that many full-time workers admit that money worries are impacting their work, with 23% struggling to concentrate and 15% saying their productivity has decreased.
Market Update – 4th October 2023.
This week, rising bond yields have been at the forefront of investors’ minds as markets digest a so-called higher for longer interest rate environment. On Tuesday, the Fed made some hawkish statements about monetary policy,
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