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Financial Market February 2023

Market Commentary February 2023

Introduction Savers and investors will not shed many tears for the end of 2022. A year that was beset by inflation and rising interest rates meant only three of the major stock markets we report on made gains in the year. That was how we started the final Stock Market Bulletin of last year. So …

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What is Open Banking

What is open banking?

It’s a term we’ve heard a lot recently, so let’s take a close look at what open banking actually is, and how many people know about it. Open banking means allowing third-party financial services providers, such as budgeting apps, to access a person’s banking information, like their payment history and previous transactions. These services have …

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Financial Market January 2023

Market Commentary January 2023

Introduction As 2022 drew to a close, there was a mixed picture worldwide as major economies sought to respond to soaring energy prices, rising living costs and the continuing impact of Russia’s invasion of Ukraine. In our first round-up of the year, we look at where we left off in 2022 all across the world… …

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Tax Relief On Pensions

Can I get tax relief on pension contributions?

If you’re paying into a pension scheme, you can get tax relief on your contributions, with money that would otherwise be paid in tax going into your pension pot instead. That can make a big difference when you’re saving for the future, and working to achieve the kind of lifestyle you want in retirement. The …

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Where Are Your Pensions

Do you know where your old pensions are?

It’s worryingly easy to lose track of old pensions, many of which will be worth considerable sums of money and could make a big difference to your retirement. But the fact is, a huge number of people are losing touch with these pots of cash as time passes. For example, many people will know that …

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Market Commentary

Market Commentary December 2022

Introduction War? Soaring energy and food prices? Covid surging in China and people taking to the streets in protest? Worries about a prolonged recession here in the UK? In November, there was plenty for world stock markets to worry about – but, as we will see below, the markets largely shrugged aside the concerns, with …

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