Market Update
Drop In Oil Prices
Drop In Oil Prices Undermines Gulf EconomiesTwo more Gulf States are taking emergency action to plug budget black holes after close to two years of uncertain oil prices. The government in Qatar is ready to run a budget deficit for at least three years as lower oil and gas prices have seen the country’s finances tumble…
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UK Pension Effected after Brexit
UK Pension Effected after Brexit After the UK decision to leave EU, it also effects the UK Pension Funding. Clearly this election has impact the market and all funding positions of UK Financial Scheme which also includes funding positions of DB pension schemes and the long term impact remain to be seen. Hymans Robertson has…
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Weekly Market Update
Weekly Market Update for 20th June Notable events over the last week • In a week driven by speculation surrounding the UK’s EU Referendum, markets proved volatile with the pound reaching 10-week lows of $1.4013 on Thursday. Sterling reversed some losses on Friday as the ‘Remain’ campaign recovered some ground, closing the week at $1.4313….
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Weekly Market Update
Notable events over the last week Equity markets largely shrugged off a number of potentially market moving events in a shortened holiday week. Friday’s weak US unemployment numbers were headline worthy, with a significant miss versus expectations, the report put further doubt that the FOMC would be able to follow through and raise rates in…
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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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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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