Bank runs and pension rule changes – which happen faster these days? Plus all the week’s good reads…
The Investor
Genuinely exciting developments today in the typically somnolent world of pensions. Chancellor Jeremy Hunt has announced he’s scrapping the Lifetime Allowance for Pensions. Hunt is also significantly increasing the pension annual allowances. As per Hunt’s 2023 Spring Budget: The government will remove the Lifetime Allowance charge from 6 April 2023, before fully abolishing the Lifetime [...]
What caught my eye this week. This might be a Mini Budget moment for the US. Its regulators moved yesterday to shut down Silicon Valley Bank and to take control of its deposits. It’s the biggest US bank failure since 2008. Silicon Valley Bank’s shares had already been pummeled this week as the Californian lender [...]
Why your broker is happy for you to leave a big chunk of your portfolio lying around in cash…