Insights
1 in 10 Over 50s Plan To Carry On Working
Older workers are clinging on to work instead of falling off the retirement cliff when they reach pension age, according to new research. Around one in 10 workers have no intention of retiring – especially if they are already over 65 years old, says a study by Co-op Funeralcare and Co-op Legal Services. Although…
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Over 55s Miss Best Deals After Cashing In Pensions
Over 55s cashing in their pension pots are not shopping around for the best deals when investing their savings, according to new figures. In the first three months of flexible access to pension funds, financial firms have paid out £2.5 billion. Around half the money was taken as cash and payments averaged £15,000, says…
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Expats May Face More Taxing Times In The Gulf
Expats are facing the unthinkable – losing subsidies, benefits and maybe even paying income tax in the Gulf States. Oil is the culprit. A spectacular decline in the price a barrel from more than $100 to around $30 in less than two years is forcing the rulers of once oil-rich desert kingdoms to rethink their…
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Weekly Market Update
Notable events over the last week The FOMC minutes which were released on Wednesday afternoon revealed a much more hawkish tone than expected and a number of Fed officials (Williams, Rosengren, and Dudley) warned that markets were too complacent in their policy assumptions. In combination, this led to a sharp repricing of the…
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11 Numbers You Need To Know For Retirement
If you are giving your retirement finances a work out to make sure your investments are performing, here are some tips about numbers you need to know. How much do you spend? This is the benchmark number you must nail down to give some idea of how much you will need to fund your…
Continue readingWealthy 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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