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Gerard Lyons, Economist at Netwealth says the decision to increase the national insurance allowance and to align it with the income tax allowance "is an excellent move by the Chancellor. "It is the right use of his fiscal sums and will be positive for many people and for the economy," he says."
Money for other areas — such as levelling-up, boosting investment and skills — may have to wait until the Budget in the autumn. The rise in inflation is out of his control and wages are not keeping up. Costs have risen across the board."
Charlotte Ransom, CEO of Netwealth: "...what comes through strikingly in [client] feedback that I get is they love the technology because they love the transparency and the flexibility that it offers them...and having humans running the portfolios to address how they're thinking about markets and so on, is still critical."
Netwealth’s offering allows clients to create personalised investment portfolios as well as accessing services such as risk management. This is all done at a lower cost than in traditional wealth management companies due to the integration of various financial technologies."
(Charlotte) Ransom provides the sector with thought leadership on issues including diversity, fee transparency, and technology. About half of Netwealth’s clients are women – double the industry average."
Charlotte Ransom, founder of Netwealth,...argues that setting tangible long-term goals — such as a target income to aim for in retirement — is a much more powerful motivator for women than being pushed to buy a product. “Once women understand how their investments can line up against their goals, they generally show themselves to be very savvy investors,” she says."
Having rebounded to pre-pandemic levels, the economy’s present momentum may wane as the pace of growth slows and inflation rises. It faces contagion from war, including higher energy and food prices, plus financial turbulence."
[Gerard] Lyons, a chief economist at wealth management firm Netwealth and a non-executive director at Bank of China, said that soaring inflation has fueled “rampant” house prices, meaning young people will struggle to get on the housing ladder."