Bank runs and pension rule changes – which happen faster these days? Plus all the week’s good reads…
Year: 2023
Genuinely exciting developments today in the typically somnolent world of pensions. Chancellor Jeremy Hunt has announced he’s scrapping the Lifetime Allowance for Pensions. Hunt is also significantly increasing the pension annual allowances. As per Hunt’s 2023 Spring Budget: Together these are massive changes. Unusually sensible ones, too. Good riddance to…
What caught my eye this week. This might be a Mini Budget moment for the US. Its regulators moved yesterday to shut down Silicon Valley Bank and to take control of its deposits. It’s the biggest US bank failure since 2008. Silicon Valley Bank’s shares had already been pummeled this…
Why your broker is happy for you to leave a big chunk of your portfolio lying around in cash…
