GLOBAL - Index funds are not the place to be during the current torrid climate, according to FX Concepts.
The US-based forex manager believes that the current bout of benchmark crushing will, typically, see active- and absolute return managers excel as well as manager “incompetence” outed. In the US, the decline of the dollar and equities continues to be compounded by the uncertainty of war, adds FX Concepts.
“This will aggravate the cyclical decline ahead.
“A financial accident centering on insurance companies, investment banks and other financial intermediates is likely before the bottom is seen.”
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.