Weekly Market Update

News this past week

  • Global bond yields rise in volatile environment
  • Mixed US data ahead of Fed meeting
  • Sterling falls after Chancellor’s comments
  • European markets retreat as industrial production declines
  • Reports of oil surplus sends prices lower

James Klempster (CFA) of Momentum Global Investments shares his view:

At last week’s Pensions and Savings Symposium at Gleneagles, Andrew Bailey, Chief Executive of the Financial Conduct Authority, spoke on the topic of pensions and long-term retirement savings: a macroeconomic perspective.  Mr Bailey made a number of important observations on pensions and long-term retirement savings which serve to highlight that the financial services profession has more to work with savers to help them meet their long term financial needs. This is not simply an issue of addressing our current savings culture but of the overarching Financial Wellness of UK consumers over the long-term.

To read the full update pleas click here


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s