Three New Year’s resolutions for the wealth management industry January 8, 2020 The year ahead has the potential to be a defining one for the wealth management industry, following a difficult 12 months that have seen client confidence rocked by a number of high-profile issues. Whether it’s the suitability of investment products, exorbitant and opaque fees, or the need to build a better and more inclusive dialogue [...]
How to ask your boss for a pay rise in 2020 January 8, 2020 January is one of the busiest hiring months of the year, as many people re-evaluate their career options over the holiday period. Perhaps you enjoy your current job and don’t want to leave it, but would quite like a pay rise. If you believe that you’re working above your pay grade and are consistently producing [...]
Millennials drive record Rolls-Royce sales as luxury car firm targets youth January 7, 2020 Rolls-Royce’s high-end, luxury cars may not immediately come to mind as the playthings of the younger generation. But thanks to a concerted push to appeal to younger buyers, the 111-year-old company has managed to bring the average age of its clientele down by 13 years over the last decade to just 43. Read more: Aston [...]
Why investors may need to dig a little deeper in 2020 December 23, 2019 | City Talk Summing up the outlook for 2020, Schroders’ CIO thinks that superficially, overall market valuations look uninteresting. But dig a little deeper and there may be reasons for active investors to be enthusiastic about 2020. As we move into a new decade, we don’t think it’s time to party like it’s 1999, but it’s not a [...]
What does the Conservatives’ victory mean for the UK economy and markets? December 20, 2019 | City Talk The large majority for Boris Johnson’s Conservative party sees the pound and UK shares react positively, as investors welcome greater clarity on the policy backdrop. The pound climbs against other major currencies and stock markets gain as the scale of the Conservative win removes policy uncertainty. Within UK equities, companies whose operations focus on the [...]
Is the “Santa Rally” real? December 18, 2019 | City Talk Investors found their festive spirits dampened at the end of 2018. With concerns over the health of the global economy looming large, global stocks fell 13.7 per cent in the final quarter of the year, according to the MSCI World Index. It wasn’t a merry advent period, indeed it was the worst December for markets [...]
Outlook 2020: Global economy December 16, 2019 | City Talk The global economy should perform better in 2020, underpinned by a US-China trade truce and lower interest rates, Schroders’ chief economist Keith Wade explains. We recently upgraded our 2020 global growth forecast to 2.6 per cent, due to prospects of a “phase one” US-China trade deal and lower US interest rates US interest rate cuts [...]
Is Uber Works good news for gig economy workers? December 13, 2019 | Sponsored Uber is still best known as a ride-hailing platform but it has been branching out into other industries. Food (Uber eats), electric scooters and bicycles (Jump), and now shift work with the launch of Uber Works. It is being trialled in Chicago, with plans to launch elsewhere soon, and enables casual workers such as cleaners, [...]
From Woodford to the leasehold scandal, here are the big personal finance stories of 2019 December 11, 2019 December is usually the season to be jolly and reflect on the past year — though perhaps it doesn’t feel that way as we head to the polls tomorrow. Nonetheless, as the year comes to a close, let’s look at the big personal finance stories of 2019, which may give us some clues about what’s [...]
How global cities are promoting sustainability and helping to fight climate change December 9, 2019 | City Talk The 2016 Paris Agreement gave the world a sense of hope that politicians could work together to limit temperature rises to 2 degrees centigrade. However, much has changed since the milestone agreement. More frequent extreme weather events, increasing political nationalism and growing economic inequality are making the goal of a carbon neutral world by 2050 [...]