What impact will the 2023 Spring Budget have on pensions?
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The Spring Budget announced by the Chancellor last week brought a shake-up in pensions regulation. As well as assessing the impact this will have on their clients, advisers may have to re-examine how they are offering retirement advice in this new light. Read on to learn FE Investments’ views on what the Budget means for advisers and their clients, and what additional pension changes could soon follow.
FE fundinfo – the global leader in investment fund data and technology – issued its response to the Chancellor’s 2023 Spring Budget focusing on the implications it will have on retirees following the changes to the pensions tax allowance as well as the lack of mentions of sustainability.
It’s been a reversal of fortunes for many funds in the latest FE fundinfo Crown rating rebalance with nearly 50 funds changing their rating by 3 or 4 Crowns compared to 35 at the last rebalance.
Historic periods of volatility can be examined through different frameworks to help us understand where future trends may lead. Does the "fire and ice" framework help us see how current inflation levels might return to a more stable world and help us find a future for the 60/40 portfolio?
2022 performance was impacted by a variety of different market events, with both equities and bonds negatively affected. As such, any portfolio comprising solely of these assets will have a volatile year. But what were these shocks and how were they different to those in other years?
2022 was a difficult year for markets with turbulence from many directions, but there are reasons to be positive ahead of 2023. Here we look at the outlook for 2023 and where we feel bond and equity markets will go; will inflation and interest rates both contribute to further falls, or will global markets pick up again?
Constant regulatory change and ever-stricter obligations on product providers and advisers has become a way of life, but the current rate of change is almost unprecedented, certainly since the introduction of RDR.
2022 was a challenging year for the 60/40 portfolio. But why has it been one of the preferred portfolio structures in recent years, why has it been a middle ground for advisers, and why has the structure been so impacted by 2022's market events?
The FCA recently released its Retirement Income Data to help advisers understand the retirement landscape and how their clients are looking at retirement. The data looks at trends in pension withdrawal rates, DB to DC pension transfers received as well as the use of advice when clients purchase retirement products, amongst other metrics.
Providing advice is complicated, and integrating a client's sustainability values even more so. There are many different approaches that advisers can take with ESG, ranging from simple one-size-fits-all screening processes, through to bespoke solutions for every individual client. There are merits to the different approaches, but can some solutions be too simple, and are others too complex?