Global economic growth will deteriorate throughout 2023 and will show only some modest improvement in the second half of 2024. The lagged effect of one of the most aggressive tightening cycles in developed economies in recent history will continue to weigh on global liquidity, financing conditions, and economic growth. Read the multi-asset team’s latest macroeconomic investment view here.
Today, the Bank of England Monetary Policy Committee (MPC) raised bank rate by 0.25% to 4.50%. This is the twelfth consecutive rate increase delivered by the Bank over the past 18 months.
The Bank of Japan held a monetary policy meeting – the first led by the new Governor, Kazuo Ueda. Here we highlight a few key points from the meeting and why it should be of interest to UK pension schemes.
We have provided a response to the new Funding Code from The Pension Regulator. Our response focuses on covenant and investment matters, and provides insight into the positive steps taken by the regulator, potential unintended consequences, and the importance of smarter covenant advice.
Alex Hutton-Mills, Managing Director – Cardano Advisory, comments on the Spring Budget and the considerations for businesses supporting pension schemes and pension scheme Trustees.
Senior Economist, Shweta Singh, comments on the latest interest rate decisions from the Federal Reserve, Bank of England, and the European Central Bank.
Investing in China has been a rollercoaster ride over the past five years. Here we explain why we are starting to invest in China again and what needs to be considered.
Consistent with the draft regulations published by DWP, TPR is putting covenant at the heart of setting the level of supportable risk in a journey plan, and the period over which that risk can be taken.
