|Investment outlook for 2017||
2016 was a very surprising year for investors in a number of ways. The investment markets and wider economy failed to
|Autumn Statement 2016: a reminder of the key financial planning announcements||
The recent Autumn Statement was ostensibly quiet on the financial planning front. However, there were some important
|Property fund suspensions - Update||
As markets have come to terms with the shock result of the EU referendum, the bricks-and-mortar property funds on the clarity buy list have been rebuilding their liquidity. The current position of each is as follows.
|Fixed and Individual Protection 2016: HMRC’s online application now available||
If you need to apply for Fixed Protection 2016 or Individual Protection 2016, HMRC’s new online application system is now available here: https://www.gov.uk/guidance/pension-schemes-protect-your-lifetime-allowance. You will need to register for an HMRC online services account, if you do not already have one.
|clarity EIS Alert August 2016||
The EIS is a similar type of scheme to a VCT, aimed at encouraging investment in smaller companies. Companies must fulfil certain criteria to be eligible for EIS investment but the promoter or fund manager will normally confirm eligibility at the time of the fundraising. The qualifying company must have gross assets of no more than £15m (with a cap of £16m post investment) prior to the fundraising.
|Property Fund Suspensions - Update||
Further to our recent email alert Aberdeen Property Trust has announced that the fund will be suspended until noon on Monday 11th July. From this point it is intended that redemptions will be permitted, but with a dilution discount of 17%. This is of course in addition to the ‘fair value adjustment’ of around 5% which independent valuers have recommended. The intention behind this discount is to treat fairly both continuing investors and those who wish to disinvest.
|Property fund suspensions||
Clients may have noticed that a number of funds invested in ‘bricks-and-mortar’ assets have announced they are suspending withdrawals and new investments on a temporary basis, which will be reviewed every 28 days. This stems from a considerable amount of nervousness in the market surrounding valuation of commercial property following the Brexit vote, resulting in investors pulling cash out of the funds.
|Brexit Referendum – Result||
Needless to say, investors will now be considering the effect that the recent Brexit vote will have on their portfolios.
|May rejects 'partial' EU membership in Brexit speech||Theresa May will use her Brexit speech to say the UK "will not hold on to bits of EU membership".||16/01/2017 23:58:54|
|Rolls-Royce in £671m bribery settlement||Engineering firm Rolls-Royce has agreed to pay a massive penalty to avoid prosecution for bribery.||16/01/2017 18:56:46|
|Mark Carney warns of consumer slowdown this year||UK households are still spending strongly, but face headwinds this year, warns Bank chief Mark Carney.||16/01/2017 21:17:24|
|Davos 2017: UK bosses optimistic despite Brexit fears||UK business leaders are some of the most optimistic in the world, a PwC survey suggests.||16/01/2017 17:32:22|
|Hunt makes millions from sale of Hotcourses||Health Secretary Jeremy Hunt becomes one of the UK's richest politicians after his company's sale.||16/01/2017 12:50:43|
|Pound falls ahead of Theresa May Brexit speech||Sterling hits its lowest level against the dollar since October's flash crash before later edging back up.||16/01/2017 12:25:20|
|IMF raises UK's growth forecast||Better than expected growth since the Brexit vote has improved the UK's economic outlook, says the IMF.||16/01/2017 16:54:28|
|Reality Check: Can there be a quick UK-USA trade deal?||Donald Trump has said he would like a quick trade deal with the UK. Is that possible?||16/01/2017 15:54:07|
|Theresa May to lay out clean break from EU||PM’s rejection of ‘half in, half out’ deal will test nerves of currency markets||16/01/2017 22:19:46|
|Brexit speech balancing act||Prime minister will be addressing four audiences||16/01/2017 22:20:19|
|Carney hints at more hawkish stance for BoE||Governor suggests that UK consumption continues to be ‘solid’||16/01/2017 19:21:43|
|How would Brexit immigration controls work in the UK?||Talks with Brussels will determine the nature and toughness of border restrictions||16/01/2017 16:29:07|
|Rolls-Royce agrees to pay £671m to settle probes||Deal with US, UK and Brazil authorities covers global corruption allegations||16/01/2017 18:42:11|
|Turkish police claim arrest of nightclub gunman||Authorities say detained Uzbek was acting on behalf of Isis||16/01/2017 22:47:26|
|Luxottica and Essilor to focus on connected vision||Ray-Ban owner and lens-maker plot growth through technology and new markets with merger||16/01/2017 18:36:49|
|Fink calls for Europe to bolster capital markets||‘Excessive reliance’ on banks and insurers to fund growth hobbling region’s economy||16/01/2017 21:57:33|
|The One Thing Millennials Need to Know About Investing||Millennials should start thinking about investing for their future now, because time is the one thing they have on their side.||16/01/2017 17:05:00|
|2 Stocks That Pay You Each Month||Looking for a monthly dividend payment? We analyze two solid candidates for your portfolio.||16/01/2017 16:55:00|
|Why Vera Bradley, Inc. Stock Fell 25.9% in 2016||The fashion accessories retailer is still reeling after a challenging retail environment last year. Here's what investors need to know now.||16/01/2017 16:42:00|
|5 Important Takeaways From Bank of America's Earnings Call||Investors can learn a lot from Bank of America's fourth-quarter conference call.||16/01/2017 16:11:00|
|Why Overstock.com, Inc. Stock Skyrocketed 41.7% in 2016||With its ailing retail business on the upswing, Overstock shares rewarded patient investors last year.||16/01/2017 15:23:00|
|How Did Wells Fargo's Stock Perform in 2016?||While it was a tumultuous year for banks, Wells Fargo’s stock was nevertheless able to eke out a gain in 2016.||16/01/2017 14:48:00|
|Why 2017 Is the Year to Invest in Artificial Intelligence Stocks||AI is reaching an inflection point -- and investors should take notice now.||16/01/2017 13:16:00|
|File Your Taxes for Free in 2017||Here's how to file state and federal tax returns online, completely and truly free.||16/01/2017 13:03:00|