News

May 26, 2020
62% of Brits overseas say they will never go back to Britain premium
Some 62% of Britons living overseas vowed never to return to the UK on a permanent basis, according to our new poll. A total of 11% of respondents said they would consider it, whilst 27% said ‘maybe’. In addition, despite six out of 10 saying they would never return to the UK, the survey found 70% continue to regularly send money back to Britain, 81% could save more in their overseas destination and 44% moved from the UK predominantly for work/career reasons. It may come Read More
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Nigel Green
May 15, 2020
Tax planning woes for expats due to lockdown restrictions premium
Countries around the world are at last starting to ease the lockdown measures implemented to contain the spread of coronavirus. However, the restrictions that were put in place could mean many expats will likely be faced with unexpected tax complications. Many expats, and other people who live outside their countries of origin, have been stuck in other countries where they don’t usually live because of the global quarantine measures, national border closures and next to no Read More
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Nigel Green
May 14, 2020
Investors are taking the initiative and pre-empting negative interest rates premium
Negative interest rates are on the way. Now’s the time for investors to boost their portfolios to get ahead of the curve and accumulate wealth. Earlier this week we saw rate options indicate a 23% probability that the key federal funds rate will fall below zero by the end of this year, according to BofA Securities data. And it’s not just the United States heading for this situation. Yesterday the Bank of England Deputy Governor insinuated that the UK Read More
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Nigel Green
May 13, 2020
deVere to build digital finance hub in Dubai premium
I’m excited to announce that deVere is developing a major digital finance operation based in Dubai. As we start to become accustomed to a so-called ‘new normal’ following the coronavirus outbreak, over the past few months, the market has changed, as have client expectations. A lot of this change is being fuelled by new technologies and the ever-increasing pace of the digitalisation of our lives, and our financial lives. This trend was around before the pandemic broke Read More
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Nigel Green
May 12, 2020
2020 Bitcoin halving underlines crypto is mainstream premium
Monday saw the highly anticipated Bitcoin halving event take place, only the third in the history of the event. These halvings happen every four years, and as of Monday’s 2020 halving, the number of new Bitcoins issued every 10 minutes dropped from 12.5 to 6.25. The halving happened on block 630,000. This historic event has shown in two ways how secure Bitcoin’s long-term future is. First, the Bitcoin price has been steadily increasing ahead of the halving event. Almost Read More
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Nigel Green
May 8, 2020
Demand for financial advice rises premium
There’s been an increase in enquiries for our advice in April, with numbers up by 24% over March. Driving this hike in demand, the disruption on the finances of individuals, households and businesses worldwide due to Covid-19. Unexpectedly and abruptly, many people realised they didn’t have enough money behind them and no contingency plans. Of course, this could result in dire consequences for the lifestyles and opportunities of people and their loved ones, and for Read More
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Nigel Green
May 2, 2020
Investor FOMO drives V-shaped economic rally premium
Over the next few weeks, we can expect financial markets to be driven considerably higher because of FOMO. The Fear Of Missing Out. This week global stocks registered significant gains, with the U.S. on Wednesday reporting total gains of 31% for the S&P 500 index since the market bottomed in March. The FTSE100 in London also closed at a seven-week high, mirroring upswings on European and Asia-Pacific indexes. What we’re seeing now will likely become a strong recovery Read More
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Nigel Green
May 1, 2020
Bitcoin price to reach $10,000 before May’s halving? premium
The price of Bitcoin will hit at least $10,000, even before the halving event takes place on May 11. On Thursday, the price of the world’s largest cryptocurrency skyrocketed by more than $1,500, driving it to the highest value seen since February. The price peaked at $9,400. This surge precedes the highly awaited Bitcoin halving event getting underway this month. This event takes place every four years and means that less and less Bitcoin – which is capped at 21 million Read More
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Nigel Green
April 24, 2020
Environmental, Social and Governance investing now more mainstream premium
The current economic and social disruption, as well as the collapse of oil prices – which turned negative for the first time ever this week - has driven responsible and impactful investing deeper into mainstream finance. At the beginning of this year, I stated that Environmental, Social and Governance (ESG) investing would restructure the investment landscape over the next decade. However, the coronavirus pandemic has radically accelerated the Read More
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Nigel Green
April 24, 2020
Fintech revolution brings more disruption to wider banking sector premium
As I was recently quoted as saying, I believe, will that traditional banks will lag even further behind in terms of market share and customer experience due to the current public health situation. The coronavirus outbreak has accelerated the trends that were already influencing business, which include the ever-increasing use of technology in everyday life. Digitalisation and new technologies have driven the changes we’ve seen since the coronavirus pandemic Read More
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Nigel Green
April 15, 2020
Deficits in UK final salary pensions increase by ANOTHER £10bn premium
It’s imperative that those with a final salary pension look into options to mitigate risks to their retirement savings as the coronavirus pandemic adds to the burgeoning pension deficit threat. Indeed, official stats from the Pension Protection Fund reveal the total deficit of Britain’s defined-benefit schemes rose to £135.9bn at the end of last month, up from £124.6bn recorded at the end of February. The fallout from the COVID-19 pandemic has Read More
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Nigel Green
April 9, 2020
Employers now need to provide financial advice access for staff premium
Now more than ever before, major employers need to provide their employees with access to independent financial advice. As the COVID-19 pandemic continues, businesses and their staff are seeking to readjust their financial strategies. Immense progress is being made in the public health battle against coronavirus and the subsequent economic fallout, thanks to the commitment shown by organisations, businesses, individuals, central banks and government, amongst Read More
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Nigel Green