Insights
Wealthy Are Getting Richer By The Day, Says Bank
Forget the oil rich nations of the Middle East if you want to make a million, you are far more likely to do so in countries with a more developed economy or emerging markets, according to new research. Although the rich in places like Saudi Arabia and the United Arab Emirates are likely to…
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£400 Million Locked Up In Frozen Pensions
Saving enough money for a comfortable retirement is tough enough without having money locked away in a frozen pension that is forgotten. Hundreds of thousands of retirement savers have money in lost pensions. At the latest count the amount of cash adds up to at least £400 million mostly left behind when workers changed…
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Forget Your 40s And 50s, Life Really Begins At 60
Life begins at 60 and middle-age is nearer 50 years old than 40, according to new research. Improvement in diet, medicine and technology now means many people are living to an average age well into their 80s, which has made the old phrase @life begins at 40’ redundant. A survey for Co-op Funeralcare and…
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Weekly Market Update
Notable events over the last week In the US, headline retail sales surprised to the upside following a week of relatively disappointing earnings data from a number of apparel-linked retailers and department stores, including Macy’s, Kohl’s Corp and Nordstrom Inc.. The headline print was +1.3% MoM (vs. +0.8% expected) comfortably above consensus…
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Pension options for expats as retailers go bust
British expats have to weigh up their pension options if they have funds with a British high street retailer. Two big high street and retail park brands have collapsed into administration this week, joining a list of well-known names that have disappeared over recent years British Home Stores has a £571 million pension black…
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Weekly Market Update
Notable events over the last week Last Friday saw the release of the April employment report which showed nonfarm payrolls expanded by 160k, coming in well below the median consensus expectation of 200k. March job growth was revised down just to 208k from 215k. The softening in April job growth was driven…
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