News Archives - Moore Stephens Financial Services

Using pension freedoms could mean a £4,000 maximum annual pension contribution limit

Posted by | Budget, News, Pensions, Politics, Tax | No Comments

The Autumn Statement passed relatively benignly and only time will tell whether our new Chancellor has saved his best for the March 2017 Budget. Certainly the one area of pensions reform which all professionals seem agreed on, the possible abolition of the pensions Lifetime Allowance, was notable for its absence or indeed any reference to pension contribution limit changes, bar one which has seemingly snuck under the radar. The Chancellor…

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Auto-enrolment is yesterday’s news – now its Re-enrolment that you need to worry about

Posted by | News, Pensions | No Comments

  Employers in the UK started to automatically enrol their employees into workplace pensions in 2012 when they reached their staging dates, however, the employers affected at that time were mostly blue chip UK names such as Tesco who employee 476,000 people. Our clients started to reach their staging dates in early 2014 and so they have been running workplace pensions for approaching three years. The three year mark is…

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Trump in the White House – Why a change of investment strategy is needed

Posted by | America, Election, News, Politics | No Comments

As the world now knows, Donald Trump will be the 45th President of the USA. 12 months ago, this result would have seemed utterly outlandish, but over the past couple of weeks, particularly since the FBI’s last intervention in the Clinton email saga, a Trump victory has actually been the more likely outcome. I suspect the ramifications of the election, the way it was conducted and the various accusations made…

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Inflation – A scourge from times gone by

Posted by | News | No Comments

For many in our society the term inflation, the measure by which prices are rising, is simply an oft quoted statistic that bears little relevance to people’s lives. However, those of us old enough to remember the 1970’s and 80’s are likely to have a very different view. Inflation was a constant concern during those years and was sometimes out of control leading to several economic crises. Over the last…

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Marmite wars aside, every little helps Tesco and those that take a long term view

Posted by | Community, News, Supermarkets, Uncategorized, Value Investing | No Comments

Tesco’s recent spat with Unilever is all about the consequences of Sterling’s recent weakness following the Brexit vote. As the costs of imported goods start to rise in the coming months, supermarkets like Tesco are all too aware of the potential hit to their profitability. They will be wary about asking consumers to pay more and their suppliers will also be reluctant to take less for the goods they are…

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Trump vs Clinton – what stock markets make of it so far

Posted by | America, Election, News, Politics, Uncategorized | No Comments

Trump vs Clinton – what stock markets make of it so far One would think that an election campaign could withstand only so much controversy and that by now, logic would make a Clinton victory guaranteed, but I suspect right to the last, the result will remain in the balance. For Americans, it seemingly isn’t so much about Trump, rather what he stands for in very simple terms, which is…

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Stock Market

Brexit means Brexit, but what does Quitaly mean?

Posted by | Banks, Brexit, Europe, News, Uncategorized | No Comments

Brexit means Brexit, but what does Quitaly mean? Deutschebank has been the centre of attention in recent days with concerns mounting about its solvency. Worrying as this is, it is not the only European bank that is in trouble. Italy’s banking system is swamped with debt and shares in the largest bank, UniCredit, have fallen by around 67 per cent in the past 12 months. The second biggest, Intesa Sanpaolo,…

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What does the Santander 123 rate cut mean for savers?

Posted by | Interest Rates, News, Savings, Uncategorized | No Comments

Last week, Santander, one of the UK’s most popular high street banks, announced that they were cutting interest rates on their 123 account from 1st November 2016. The interest rate will be halved, taking it from the current top level of 3% down to 1.5% AER variable. This particular account is a regular feature within client cash savings for obvious reasons. A top rate of 3% far exceeds the vast…

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The Brexit effect for annuities and final salary pension schemes

Posted by | Brexit, News, Pensions, Uncategorized | No Comments

Global stock markets have tried to shrug off the Brexit effect since the vote to leave the European Union, but the impact for savers and retirees is only just starting to emerge. With the Bank of England reducing interest rates to 0.25% last week, savers will continue to struggle to earn any interest on their bank and building society savings. The reality is that interest rates were already so low…

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Can the EU and the Euro survive?

Posted by | News, Uncategorized | No Comments

With the world still reeling from the result of the UK’s EU referendum, reactions seem to be polarising amongst different communities in Europe and particularly between the ‘haves’ and the ‘have nots’. The leaders of the ‘haves’, i.e. the EU Politicians and technocrats seem to be taking a tough stance and want to punish the UK for voting to leave. They wish to make an example of us to warn…

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