UK - Consumer spending trends will continue downwards despite an Iraq war rebound and a recent surge in web trading, Isis Asset Management predicts.
Retail sales rose 1.6% in the second quarter while National Office of Statistics figures show “non-store retailing” increased 3% in June.
But Isis chief economist Steven Andrew believes the rise in retail sales should be seen as a “rebound” after the Iraq war while the growth in web sales he attributes to the success of the fifth Harry Potter book.
Amazon UK said 30,000 customers placed advanced orders for JK Rowling’s Harry Potter and the Order of the Phoenix, within 24-hours of Bloomsbury announcing its publication.
But Andrew said: “The monthly data-flow aside, we still view the trend decline in UK consumer spending as likely to persist for some time.”
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.