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 [...]
Commentary
Why your broker is happy for you to leave a big chunk of your portfolio lying around in cash…
The aftermath of the September Mini Budget was chaotic. But already almost all of the damage has been washed away.
The Bank of England governor is going to raise interest rates and put millions out of work… but it’s all in a good cause.
Entertaining documentary about the GameStop saga or disturbing sign of how warped society is getting?
After decades of working in financial markets I just can’t think of GBP as real money at all.
Our new passive investing guide will tell you why you should use index funds, and how to build a portfolio with them.
Every year seems weird these days. Maybe it’s all down to the coming singularity. Certainly 2022’s quadruple whammy of war, drought, inflation, and plunging equity and bond prices has provided enough contrast to please even a late-stage Picasso. Crops wither while inflation runs wild! Energy prices soar while portfolios plummet! Or maybe it’s just the [...]
Inflation is rampant and a convenient scapegoat is needed. I know, let’s blame early retirees!
The Finumus household is enjoying its first interaction with the student loan scheme in 30 years.
High inflation can be murderous for equities and bond returns. But it’s more complicated than that.
And you thought the pandemic kept you up at night. A wave of high inflation is engulfing the UK economy, with January’s 5.5% CPI inflation measure the highest for 30 years. Few will sleep easily as the cost of living soars. It’s enough to send you back into social isolation to avoid paying higher prices: [...]
What is quantitative tightening? Why are bond funds falling? Should you alter your portfolio before the Bank of England further raises rates and soaring inflation sends you to the soup kitchen? All good questions that we’re hearing from Monevator readers every day. So let’s have a primer on what’s going on with central banks, rates, [...]