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Gerard Lyons, Chief Economic Strategist at Netwealth, says 'Today's labour market day is very consistent with the fact that we've seen a strong jobs market for some time, that wages while they're rising they're still not keeping up with inflation.'"
(Research from) Netwealth compared what could happen to £55,000 invested into a pension or into a buy-to-let property. After 20 years, the pension would be worth £170,254 – assuming 5pc annual returns after fees – compared to £148,353 from the property investment, including capital growth and rental income."
Gerard Lyons, Chief Economic Strategist at Netwealth, writes: '...we need a pro-growth economic policy. Fiscal policy should focus on stabilising growth and monetary policy on keeping inflation in check.'"
Netwealth's chief executive Charlotte Ransom said: “Investing in property is popular as it is a solid and tangible asset that can be easily understood. However, pensions have compelling tax advantages: tax relief when you pay in, tax-free growth and income, and accrued assets are not subject to IHT.'
Charlotte Ransom, CEO Netwealth, comments '“To ensure your retirement fund is as efficient as possible you should consider the differences between property and pensions, and the trade-offs you may have to make to reach your objectives.'"
The economist Gerard Lyons, Chief Economic Strategist at Netwealth, says: 'The inflation shock is not only an external one due to higher fuel prices but I would also argue from very poor monetary policy last year.'"
Gerard Lyons, chief economic strategist at Netwealth, writes: 'Britain faces twin problems: rising inflation and weaker domestic demand. The correct policy mix is a tighter monetary policy to curb inflation and targeted tax cuts to address weaker demand.'"
Gerard Lyons...now chief economic strategist at Netwealth, says: 'What is now being accepted is that politicians maybe didn’t hold the Bank to enough scrutiny.'"