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.
As part of this year’s Scam Awareness campaign by Citizens Advice, WEALTH at work is urging individuals to take proactive steps to protect their retirement savings.
This year’s Scam Awareness campaign by Citizens Advice focuses on educating people about current scams and providing practical guidance on how to stay Scam Aware.
The issue of lost pensions in the UK is escalating rapidly. Research reveals that the total value of unclaimed pension pots has surged from £19.4 billion in 2018 to £31.1 billion in 2024. Currently, there are 3.3 million pension pots classified as lost.
Global equity markets kicked off the week on a strong footing after signs emerged that Washington and Beijing have agreed to pause their trade confrontation. The tariff increases on Chinese imports that were expected to land on the 9th of November now appear to be on hold.
UK inflation held steady at 3.8% in September, marking the third consecutive month at that level and delivering a welcome upside surprise for both markets and consumers. The breakdown showed food inflation easing further and price pressures moderating in recreational categories.
This week, headlines shouted loudly that the UK’s unemployment rate hit its highest level in four years, having ticked up to 4.8% in the three months to August.