News
March 17, 2023
Bitcoin surged in price following the recent collapse of Silicon Valley Bank and Signature Bank, with the banking crisis acting as a springboard event for the world’s largest cryptocurrency, as global investors seek safe haven, alternative currencies.
Indeed, Bitcoin rose as much as 20% as the second and third biggest bank failures in US history spooked investors around the world. The collapse of Silicon Valley Bank (SVB) triggered fears across Wall Street of
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March 16, 2023
Following Jeremy Hunt’s game-changing Spring Budget on Wednesday, we believe there’ll be a rush to review retirement savings plans.
During his first full Budget as Chancellor, Hunt’s decision to scrap the Lifetime Allowance (LTA) will significantly ease the pension tension.
The LTA is the maximum amount people can contribute to a pension – it was £1.07m before tax charges were faced. When it was originally brought in in 2006, the allowance was
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March 14, 2023
Silicon Valley Bank's collapse could have resulted in a broader financial crisis, leaving the authorities no choice but to implement emergency measures.
Regulators in the US said on Monday that SVB's customers would have access to all their deposits, and a new facility has been set up to provide banks with access to emergency funds.
The Fed has also taken action to make it simpler for banks to borrow from the central bank in an emergency.
As I was quoted by City
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March 7, 2023
With works on a potential digital dollar gaining pace in the US, the case for Bitcoin becomes significantly stronger.
The US Treasury Department’s undersecretary for domestic finance, Nellie Liang, stated that the federal government would begin talks in the “coming months” in regard to a Central Bank Digital Currency (CBDC).
During a speech made last week for the Atlantic Council, Ms Liang said officials in the USD are “actively evaluating whether a
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February 13, 2023
Comments from Federal Reserve Chair Jerome Powell this week will likely kick start a year of important opportunities for global investors.
Following last week’s “extraordinarily strong” U.S. jobs report, Powell delivered his first comments during a question-and-answer session with David Rubenstein of the Economic Club of Washington, stating: “We didn’t expect it to be this strong.”
As I was quoted by Forbes, Newsmax, Yahoo Finance, MSN, Mena FN,
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February 1, 2023
deVere has carried out a recent survey which revealed 82% of high net worth (HNW) clients – with between £1m and £5m of investable assets – have sought advice on crypto over the past year.
The cryptocurrency market registered its worst performance since 2018 last year, with Bitcoin, the world’s largest cryptocurrency by market cap, declining around 75% over the 12 months.
The price falls resulted from investors reducing exposure to risk-on assets, including stocks and
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January 12, 2023
As we progress into the New Year and global investors review their portfolios for the upcoming 12 months, I believe the economic peak opportunity will likely be towards the end of the first quarter.
Until that time, we’ll see rising unemployment and central banks will likely maintain their aggressive language in a bid to curb inflation – which should be down sharply from current levels by then. Particularly as demand for staff is declining rapidly, helping to ease wage
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January 11, 2023
This, or variations of it, has been the headline that has gone around the world’s financial press in the last few days.
Bloomberg, International Adviser, International Investment, News24, and South Africa Financial News, amongst many other esteemed media outlets, have covered the news that the Tribunal of South Africa’s Financial Sector Conduct Authority (FSCA) has overruled officials at the watchdog in a case against me after the
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January 5, 2023
The latest Federal Reserve meeting minutes published on Wednesday appear to indicate the U.S. economy is heading toward a recession.
The minutes showed the central bank is maintaining its cautious stance on inflation, with officials in agreement that rate cuts shouldn’t take place this year. “In view of the persistent and unacceptably high level of inflation, several participants commented that historical experience cautioned against prematurely loosening monetary policy,”
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January 4, 2023
It’s 2023, Happy New Year! What’s in store for the year ahead for investors?
We expect there to be four principal investment themes investors will be focusing on and positioning for this year to grow their wealth.
Last year, global stock markets declined by as much as 18% on average, whilst bond markets – typically seen as a safe haven during periods of volatility – have fallen by an average 12%. Speaking of corrections, the crypto one in 2022 was especially
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December 13, 2022
I am thrilled that deVere-owned WPS Advisory has been named ‘Best Retirement Advisory - United Kingdom 2022’ by Pan Finance International in their highly esteemed annual awards.
This accolade as the UK’s Best Retirement Advisory highlights the unmatched expertise and commitment of the whole team at WPS Advisory.
As I was quoted by Always Finance, and other media, I’m especially proud as it, quite rightly, acknowledges and shows how this company – operating in a highly
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November 29, 2022
Although stock markets across the globe have been spooked over the recent protests in China against the government's zero-Covid policy, investors must be prepared for an imminent sharp rebound.
Thousands took to the streets after 10 people lost their lives in a fire in a high-rise block in Urumqi, western China, last Thursday. Many are of the opinion that the strict Covid restrictions contributed to the fatalities.
As Asia trade opened on Monday, the Hang
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