Why have stock markets bounced since the Brexit vote?

The referendum of 23rd June 2016, that began the UK’s journey out of Europe, delivered a seismic shock not just to the UK stock market, but to markets around the world. However, after some frightening rumblings, the economic landslide never happened. There was a marked initial dip, but since then the UK stock market has surged ahead. Why has this happened, and is it all good news? Hours after British citizens voted to ditch the European Union, global stocks took a historic two-day tumble. But not only did they soon stabilise, they have ...

Brexit: Keep calm and carry on

exit from the eurozoneIt’s true to say that, whichever way you voted, In or Out, most of us were surprised by the EU referendum result, especially after the final opinion polls (as well as the bookmakers) suggested that Remain would be victorious. However, the reality was of course a victory for the Leave campaign. A few days later, as politicians try to navigate unchartered waters, Sterling weakens and stock markets fall, you can be forgiven if your thoughts turn your own personal finances. The next few weeks will be characterised by a ...

A new cash option, introducing the Cater Allen Cash Hub

Cater AllenFinding a Cash option, which pays a competitive rate of interest, allows the flexibility of instant access to capital and has more functionality than a simple deposit account is tough. But investors and advisers alike now have a new option, in the form of Cater Allen’s innovative Cash Hub. What is the Cater Allen Cash Hub? Simply put, the Cater Allen Cash Hub is a transactional account, which sits at the centre of a portfolio and facilitates the movement of money, whilst ...

Annuities: Annuity rates fall to lowest level for years

Annuity rates fall to lowest level for yearsA new survey has confirmed what many people who retired in 2012 probably already knew, that Annuity rates have fallen to alarmingly low levels, however, there is some good news for women coming up to retirement. According to Moneyfacts, the financial information provider, the Annuity rate for a 65 year old man plummeted by 11.5% in 2012, the largest drop since 1998 and a massive blow to would-be retirees, who have already had to cope ...