It was a relatively quiet week around the globe with only a few points of note to mention. Global equities were resilient despite gyrations in the Chinese equity market on Monday; the smaller companies ChiNext Index flirted with the 10% lower limit before closing the day losing 5.1%. The heavily technology-based index fell following Chinese President Xi Jinping comments at the […]
Hot off the Press
The week began after a somewhat tense G20 summit in Hamburg where 19 of the world’s leaders reaffirmed their commitment to the Paris climate agreement (an international effort to slow global warming); the lone abstainer being Donald Trump. After prolonged discussions, the final communique was accompanied by an agreed climate and energy plan that sets goals to phase out fossil fuel […]
The second half of the year started quietly, helped along by the fact that the US markets were closed on Tuesday, as citizens of the United States celebrated the original Brexit (Independence Day)!
The rest of the week was dominated by central banks and the main theme was breaking the habit of easy monetary conditions. Monetary policy has been extremely accommodative, […]
Andrew Bennett, Group CEO, Beaufort Group reinforces the case for a truly independent approach to financial planning
As one reflects on the immense changes the world of financial advice has seen against the back drop of a seemingly never ending era of ultra low interest rates, continuous changes in pension legislation and taxation, geopolitical upheaval and uncertainty, one consistent element remains. It is the compelling case for truly independent financial advice.
There is little doubt that regulation has […]
Last week began positively for the UK market, when after two weeks of uncertainty, Theresa May’s Conservatives brokered a “confidence and supply” deal with Northern Ireland’s Democratic Unionist Party to lend support to her minority government on key Commons votes. As part of the deal, Northern Ireland’s power-sharing executive will receive an extra £1bn in funding over the next two […]
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