November 28, 2013
The indomitable Mayor of London, Boris Johnson, last night gave the prestigious annual Margaret Thatcher Lecture, staged by the right-wing think tank Centre for Policy Studies. And the content of the speech got well and truly into the heart and spirit of the lecture’s namesake. The indomitable Mayor of London, Boris Johnson, last night gave the prestigious annual Margaret Thatcher Lecture, staged by the right-wing think tank Centre for Policy Studies. And the content of the
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November 27, 2013
Slower Growth For Ten Years?
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The US equity market has had a fantastic year with returns of over 25%. Can it last and is this the place to put my money is a question for many deVere group clients and indeed investors in general. I personally believe that much of the recovery is now priced in and we will see slower growth rates in 2014 and beyond. Personally I expect an increase of 6/8% going forward. The US equity market has had a fantastic year with returns of over 25%. Can it last and is this the place to put my money is a question for many deVere group clients and indeed investors in
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November 26, 2013
Three more notes cashed in early today, meaning 33 notes have encashed this year so far. Clients received returns of 15.75%, 14% after 12 months and 10% after 6 months respectably. The notes that maturied early today are Morgan Stanley 15.75% Autocallable, Goldman Sachs US/ ASIA Autocallable Note, Goldman Sachs (6 month) – US/ Europe/ HK Autocallable Note (5) Three more notes cashed in early today, meaning 33 notes have encashed this year so far. Clients received returns of
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November 25, 2013
With the Chancellor George Osborne preparing to deliver the 2013 Autumn Statement in a just over a fortnight’s time, last week The Free Enterprise Group, a collective of backbench Conservative MPs, presented its proposed set of economic reforms at the Institute for Economic Affairs in London. With the Chancellor George Osborne preparing to deliver the 2013 Autumn Statement in a just over a fortnight’s time, last week The Free Enterprise Group, a collective of
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November 22, 2013
This summer, the deVere Group purchased Acuma, one of the Gulf region’s most successful and respected wealth management firms.
When news of the acquisition broke I told the media that I was “enthused by the prospect of building on Acuma’s world-class reputation and we’re looking forward to welcoming the company’s talented wealth professionals and support team to the deVere Group family.” This summer, the deVere Group purchased Acuma, one of the Gulf region’s most
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November 15, 2013
Thanks to capitalism…
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In a recent blog post (you can read it here) I broached the problem of misguided information coming from politicians, activists and others who believe the top one per cent of tax payers should in actual fact pay more.When all the facts point towards them paying enough already. In a recent blog post (you can read it here) I broached the problem of misguided information coming from politicians, activists and others who believe the top one per cent of tax payers should in actual fact pay more.When all the facts point towards them paying enough already.
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November 13, 2013
Acuma Expands to Hong Kong
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We are delighted to announce that Acuma, which is currently based in the United Arab Emirates, is to officially launch in Hong Kong next week and plans are being made to expand across the Asia Pacific region.
Acuma’s expansion will initially focus on the opening of an office in Hong Kong. However, we have far-reaching strategic plans and, moving forward, Acuma will operate across the highly regulated areas in the Asia Pacific region, where demand for expert, independent financial advice from expatriates and locally-based, globally-focussed investors is
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November 10, 2013
Furtive EU raid on savings
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Pension pots are, according to reports, likely to be raided to finance the European Insurance and Occupational Insurance Pensions Authority. The news, which broke earlier this week, could result in a retirement nightmare for thousands of people. If the EU-based financial watchdog is granted a stand-alone budget, it is likely to be retirement savings and taxpayers who will bear the brunt. Pension pots are, according to reports, likely to be raided to finance the European Insurance and Occupational Insurance Pensions Authority. The news, which broke
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November 8, 2013
Government proposes to slash final salary benefits – Could this be the final nail in the coffin?
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The UK Government has announced controversial plans to UK final s alary pensions which could drastically reduce the benefits which members are currently entitled to. Under the proposals, which are subject to a six week consultation, the Department for Work and Pensions is planning on removing pension scheme obligations to provide Index linked increases to pensions, potentially increase a members retirement age and remove the right of Widows to receive a pension
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November 3, 2013
Nobody, I don’t think, would disagree that rising living costs are having a negative impact on the households, businesses and, of course therefore, the wider economy.
To illustrate my point of the escalating costs of living reaching new heights, last week it was confirmed that average rental costs have risen all over the UK by some 2.1 per cent over the last 12 months. The average monthly rent is now up to £757 in England and Wales, and with the current rate of inflation
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