Although the inflation data last week was softer than expected, US CPI is still reverberating and has not materially changed higher-for-longer messaging from Federal Reserve officials. Fed Governor Waller today reiterated there is still a long way to go before concluding interest rate hikes, noting rates will stay high until inflation is closer to the…
Here’s our weekly market update – follow Synergi to get regular market data and opinions. US markets closed the week on a high note with the S&P 500 up +1.4% and the NASDAQ up +1.3%. Materials was the best performing sector, followed by financials and communication services. The worst were healthcare, utilities and consumer discretionary,…
UK IHT for non-domiciled individuals with UK situs assets outlines how using a policy of life assurance or capital redemption could assist a UK non-domicile mitigate a potential UK IHT liability on any UK situs assets such as stocks and shares. Data collected by HM Revenue & Customs (HMRC) has revealed that inheritance tax (IHT)…
Millions of people are in a state of financial paralysis – but doing nothing could be the worst option of all. Should I invest? How long should I lock away my cash? are some of the questions asked by those who have put their finances on hold because of the recent economic and political upheaval….
Climate change, resource scarcity and human rights – just some of the huge sustainability issues that we consider when we invest your pension money. More than half of our customers told us they want to know more about this, so as part of Pension Engagement Season, we’re sharing key points and top reads. Your pension…
Although markets are expected to remain volatile, experts identify three reasons for investors to be optimistic. Reason one: shipping costs, oil prices and house prices – all of which contributed to this year’s steep increase in inflation – have now begun to fall. This should help to reduce inflation in the months ahead. Energy support packages are likely to…
Inflation continued to dominate the markets, US Fed governor Waller said last week that more needs to be done on interest rates and that the Fed should not pause until it sees firm evidence that inflation is easing. Comments were echoed by Chicago Fed governor Evans, who called for policy to be more restrictive and sees…
Markets ended last week moving downwards and have started this week in a similar tone. The S&P 500 was down -1.5% on Friday and now stands at its lowest level since November 2020. In European markets yesterday morning the STOXX 600 is down -0.7% and the FTSE 350 down -0.5%, both off initial lows….
Last week saw dramatic moves in markets, after a flurry of interest rate hikes and hawkish messaging by central banks – which was led by the Federal Reserve’s third successive +0.75% increase, whilst the UK’s ‘mini budget’ created fall out of its own. Investor concerns about a ‘hard landing’ in the US, has put pressure…
Trust Registration Service (TRS) Following European wide anti-money laundering regulations, HM Revenue & Customs (HMRC) now require most trusts to be registered on their online TRS. The types of trust (unless excluded) that would need to be registered include: An express trust UK and non-UK trusts with a liability to UK taxation A Designated Unit…