The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Many companies in the UK operate a Save As You Earn (SAYE) share plan often known as Sharesave, which provides employees with a tax efficient way to invest in their company’s shares.
Share plans play an integral part in any reward and benefits strategy. They are designed to encourage longer term saving which can result in greater financial wellbeing. Jonathan Watts-Lay, Director, WEALTH at work answers some questions on the key things to understand if your workplace offers share plans.
The journey to retirement, once a relatively straightforward path, has become increasingly complex, particularly since the advent of pension freedoms in 2015. While these freedoms offer unprecedented flexibility, they also introduce challenges, especially concerning how individuals manage their accumulated savings at the point of retirement.
Eurozone inflation edged up to 2.1% in August, keeping it broadly in line with the European Central Bank’s 2% target after several months of stability.
Not long after President Trump imposed a 25% penalty on India over its purchases of Russian oil and weapons, a new wave of tariffs - this time 50% on Indian goods - come into force. Economists warn that such steep trade barriers could weigh heavily on Indian workers, many of whom are employed in labour-intensive export facing industries
This morning’s inflation data for the UK showed inflation came in hotter than expected for July, rising to 3.8% compared with 3.6% in June. The core rate also increased to 3.8%. A sharp rise in plane ticket prices accounted for a large share of the monthly increase, with fares jumping 30% due to the timing of the summer holiday season.