Fogwill & Jones Asset management Limited
Tel: 0114 258 8899
Email: info@fogwilljones.co.uk
The latest industry news and updates
New figures released by the Office for National Statistics (ONS) show that less than half of the working population are currently saving into a workplace pension. This is a 15 year low. The National Association of Pension Funds Policy director Darren Philip believed that auto-enrolment will help address the problem.
Data released today shows that the German economy contracted by 0.2% in the fourth quarter due to private consumption and underperforming exports but analysts are still bullish saying they expect Germany, and Europe as a whole to regain growth in 2012.
Lloyds Banking Group has posted a £3.5 billion loss for 2011 after allocating £3.2 billion for private payment insurance (PPI) pay-outs. This is in stark comparison to the £218 million profit made in the previous year (2010).
According to a report by the Council of Mortgage Lenders, gross mortgage lending increased 10% to £10.5 billion in January 2012, up 10% from January 2011. Despite this good news, this figure still represents a 14% monthly decline compared to the £12.2 billion loaned in December 2011.
The Bank of England supported by the Markit Household Finance Index survey both indicate that consumers are gradually gaining confidence and that consumption may start to grow. Furthermore, a survey by the Chartered Institute of Personnel and Development (CIPD) reported that employers reached their highest level of pay intentions since spring 2009.
Tailor made portfolios for individuals and companies
Tax advice & mitigation for even the most complex situations
Trusts are no longer just for the very wealthy, learn more here
Subscribe to our regular email newsletter for more market insights, news and advice...