Author: Jordan

Workers in their 60s are more likely than any other age group to opt out of workplace pensions. Data obtained by Fidelity International from the Department for Work and Pensions shows that more than one in seven workers aged between 60 and State Pension Age opted out between 2019 and 2023, consistently the highest rate of any age group. There are various reasons why people might choose not to contribute to a workplace pension in their 60s. But how valid are those reasons? In some cases, it may not be the right decision and could cost them dearly. The key…

Juniper Building (image credit: CBRE) An activewear brand has acquired a building at Solihull’s Blythe Valley Park to act as its new headquarters in a deal arranged by commercial real estate firm CBRE.  The move supports AYBL’s continued expansion, with the 21,252 sq ft Juniper Building providing the business with a blank canvas to create its own grade A HQ.  The site provides direct access to the M42, and is located ten minutes from Solihull town centre, the NEC, Birmingham Airport and Birmingham International train station Kristian Edgerton, co-founder and owner of AYBL, said: “Our new headquarters mark an exciting…

Paragon Bank has added two-year bank base rate (BBR) tracker options for landlords, with rates starting from BBR plus 1%. The range covers single self-contained properties (SSCs), houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), improving landlord choice. For SSC properties at 75% loan to value (LTV), the two-year tracker is priced from BBR plus 1% – currently 4.75% – with a 2% product fee. The product includes a free mortgage valuation, no application fee and no early repayment charges. Two-year tracker options for HMOs and MUBs at the same LTV tier start from BBR plus 1.35%, also…

Homeowners with some tolerance for uncertainty might find that an adjustable-rate mortgage is worth considering as a way to get a low introductory rate before the adjustments kick in. This loan type can be a particularly good choice if you’re aiming to rent out for flip the property, or when you know you intend to move before the loan’s fixed-rate period ends. Keep reading and we’ll explain how ARMs work, consider when an ARM is worth considering as an alternative to a fixed-rate mortgage, and look at ARM rates from a few top lenders. You can see the previous business…

July 10 (Reuters) – Japan is seeking to encourage its Government Pension Investment Fund, the world’s biggest pension fund, to boost investment in domestic assets, Finance Minister Satsuki Katayama said on Friday. The fund owned 293.4 trillion yen ($1.8 trillion) in assets at the end of December, so its allocation decisions carry significant weight for global markets, and the announcement sent the yen and Japanese government bonds higher. The yen edged up about 0.6% to 161.4 per dollar. Benchmark made their steepest drop in a month, falling 10 basis points to 2.775%. [JP/][FRX/] Here are market participants’ reactions: RYUTARO KIMURA,…

ICPAK chair Elizabeth Kalunda, Convener, Public Finance and Tax Committee at ICPAK Robert Waruiru, CEO Grace Kamau, KRA Chief Manager, Policy and Tax Advisory Josephine Mugure and Deputy Director of Research and Planning at the Office of the Controller of Budget Cyrus Ondari, during the ICPAK post-budget public finance discussion. /HANDOUTThe government should not allocate billions of shillings to ministries and counties that lack the capacity to spend the money, financial professionals have advised.The experts say the practice is fuelling wasteful supplementary budgets, slowing development projects and undermining value for taxpayers.Speaking during a post budget public finance discussion by the…

Written by Jitendra Parashar at The Motley Fool Canada Artificial intelligence (AI) may be the biggest trend in the tech world today, but the rapid growth in data centre spending is creating long-term opportunities of its own. Every time you stream a video, use cloud storage, or ask an AI chatbot a question, powerful data centres are working behind the scenes. As demand for computing power keeps climbing, companies are investing billions to expand that infrastructure. Investors don’t have to own the biggest AI names to benefit, either. In this article, let’s look at two top Canadian stocks that could…

The offering targets Canadian wealth managers and advisors looking for diversification across private markets, the release said.  Andrew Croll, TDAM’s managing director and head of global real estate investments, said the firm has “nearly 40 years of experience managing real estate” and holds physical assets across Canada and other markets.   The launch, he said, expands access to TDAM’s institutional real estate platform for accredited Canadian investors.  Thomas Johnston, iCapital’s managing director and head of client solutions for Canada, tied the move to the earlier partnership.   “Building on the momentum of our prior collaboration, this second launch underscores our shared focus on expanding…

CHICAGO: US soybean and corn futures declined on Wednesday, retreating from early strength as updated weather forecasts scaled back some of the Midwest heat predicted in previous models, easing fears of crop stress, analysts say.Market players were also booking profits after the US Department of Agriculture confirmed private sales of 472,000 tonnes of US soybeans to China.Rumours of such deals had swirled for days.Reuters reported that China’s state grain trader COFCO bought at least 10 cargoes, or roughly 600,000 tonnes, of US soybeans this week.The business has boosted hopes that Beijing may work toward a target of 25 million tonnes…

The National Landlord Investment Show (NLIS) returned to London’s Old Billingsgate yesterday, bringing together landlords, lenders and industry experts to discuss the opportunities and challenges shaping today’s private rented sector.While regulation, affordability and finance all featured heavily on the agenda, one theme united every panellist: namely that the future belongs to professional landlords who understand their business, embrace compliance and put tenants at the heart of their operations.Former Housing Minister Eddie Hughes said recent reforms were intended to create a fairer private rented sector for both landlords and tenants, although he acknowledged that the immediate benefits were likely to be…