Welcome to our July/August edition on currency fluctuations.
If a week in politics is a long time, then the eight weeks of general election campaigning seemed like an eternity.
Prime Minister Theresa May’s snap UK election surprised many people. Despite polls narrowing substantially over the course of the election campaign, a Conservative-led government was considered the most likely result by investment markets. After weeks of campaigning and with no outright winner, a hung parliament was declared. In this latest edition we consider why investors should keep focused on their long-term financial goals and not panic following this period of political uncertainty (Page 8).
With the UK’s population ageing, more people will be living with long-term care needs. Oscar Wilde once said: ‘The tragedy of old age is not that one is old, but that one is young.’ But the good news of rising life expectancy also brings with it the challenge of how we fund our future care costs. The question is: who is responsible for looking after us if we need care in old age? (Page 6).
Millions of workers across the UK could be heading for a significant shortfall in the amount of pension they need for an adequate income. The World Economic Forum has issued a warning that calls on the Government to impose faster pension-age rises as it earmarks the UK as one of several countries facing a ‘pension time bomb’ (Page 5).
