covid-19

December 20, 2021
Inflation is now investors’ biggest concern in 2022 premium
The debate as to whether inflation is ‘transitory’ or not is now not in play and investors should be reviewing their investments. Last week the Bank of England hiked interest rates for the first time in over three years in a bid to tackle mounting inflation, with the Monetary Policy Committee voting 8-1 in favour of the increase to 0.25%. This followed on from the U.S. Federal Reserve lining up for faster rate hikes sooner than forecast as inflation soars. The central bank Read More
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Nigel Green
November 26, 2021
Covid variant will cause markets to wobble in the short term premium
Financial markets will temporarily wobble on news of the new Covid variant, but concerns will be quickly shrugged off. The new strain of coronavirus was detected earlier this week in southern Africa, weighing on global markets on Thursday.  Travel stocks, hospitality companies and bank stocks bore the brunt of the announcement. The World Health Organization is meeting to determine whether the so-called B.1.1.529 strain should be designated a variant of “interest” or of Read More
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Nigel Green
May 18, 2021
Demand for multicurrency cards and apps soars as Covid curbs are eased premium
Pent-up demand for international travel has seen a significant spike in demand for multi-currency cards and e-money apps. We’ve reported a month-on-month rise of 72% in enquiries for our pioneering global e-money app and multi-currency card deVere Vault, ahead of the summer season. Of course, we always see an uptick ahead of the peak holiday season. However, following a year of coronavirus restrictions, the urge to go on holiday is bigger than ever, and Read More
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Nigel Green
March 24, 2021
deVere poll shows 7 out of 10 not planning to blow excess savings premium
deVere recently carried out a survey which showed that seven out of 10 people will not splurge any excess savings they accrued over the pandemic. We asked clients located in in North America, the UK, Asia, Africa, the Middle East, East Asia, Australasia and Latin America: ‘Are you likely to spend the majority of the extra money you have managed to save over the last 12 months?’ 72% responded ‘no’.  16% said ‘yes’ and 12% ‘did not Read More
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Nigel Green
July 16, 2020
Company pensions: the perfect storm is looming premium
Company pensions are becoming more and more untenable following the decline in government bond yields and low rates. Since the Coronavirus crisis hit, the yields of government securities – in which pension funds heavily invest – have fallen considerably. Traditionally, institutional investors, like pension funds, have always invested in government bonds, as they’re broadly viewed as a safe haven. Nevertheless, we’ve seen the world change dramatically over the past 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
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
April 6, 2020
More people are focusing on the importance of saving due to pandemic premium
The COVID-19 pandemic has sparked a substantial increase in the demand for savings solutions, with a 28% rise in enquiries regarding savings plans registered by deVere in March. Since the coronavirus outbreak started to have an all-consuming global effect at the end of February, beginning of March, we noticed a steep rise in the number of clients seeking advice on savings solutions. Subsequently, when the World Health Organisation declared a pandemic in the Read More
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Nigel Green
April 1, 2020
COVID-19 pandemic leads to surge in demand for wills premium
deVere has seen a 76% rise in the demand for wills over the past fortnight as people’s minds are now more focused on particular aspects of financial planning due to the coronavirus pandemic. We reported the steep increase in enquiries as deVere launched its free online wills service for clients. As I was quoted by The Daily Mail, The Independent, Khaleej Times, Financial Planning, Business Live and London Loves Business, amongst other media, as is the case with several Read More
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Nigel Green
March 26, 2020
Investors seek out key opportunities from the hit of coronavirus premium
As global stock markets rallied on Tuesday this week, investors are looking to ‘new world’ sectors and businesses as the world adapts to life with coronavirus and looks towards an economic recovery. Over time we’ve seen every economic downturn generate a new normal, and the one being sparked by the COVID-19 pandemic will be no different. The impact of the coronavirus spread has reached companies across the globe, causing vast international disruption, Read More
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Nigel Green